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Derivative Instruments - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Derivative [Line Items]      
Gross amounts not offset in the balance sheet - cash collateral [1] $ 5,520   $ 30,958
Derivative, Collateral, Right to Reclaim Cash [1] 4,230   0
Derivative liability, Gross amounts recognized in balance sheet [1] 88,688   45,495
Derivative asset, Gross amounts recognized in balance sheet [1] 76,604   89,314
Net realized and unrealized gains (losses) on derivative instruments (3,622) $ 16,521  
Underwriting profit (loss) 172,037 139,207  
Comprehensive income (loss) 407,941 220,712  
Derivatives not designated as hedging instruments      
Derivative [Line Items]      
Liability derivative notional amount 4,782,138   4,909,732
Asset derivative notional amount 500,693   441,843
Derivative liability, Gross amounts recognized in balance sheet [1] 34,301   33,554
Derivative asset, Gross amounts recognized in balance sheet [1] 25,897   25,025
Other non-investment derivatives | Derivatives not designated as hedging instruments | Other credit derivatives      
Derivative [Line Items]      
Liability derivative notional amount 30,090   0
Asset derivative notional amount 0   29,874
Derivative liability, Gross amounts recognized in balance sheet [1] 28   0
Derivative asset, Gross amounts recognized in balance sheet [1] 0   $ 31
Life Funds Withheld Assets      
Derivative [Line Items]      
Embedded Derivative, Accumulated Net Gain (Loss) on Embedded Derivative 681,800    
Net realized and unrealized gains (losses) on derivative instruments (236,080) (229,367)  
XL Re Life (SAC) Ltd      
Derivative [Line Items]      
Comprehensive income (loss) 0    
XL Re Life (SAC) Ltd | Life Funds Withheld Assets      
Derivative [Line Items]      
Net realized and unrealized gains (losses) on derivative instruments (236,080) (229,367)  
Underwriting profit (loss) [2] 0 603  
Comprehensive income (loss) $ 0 $ 603  
[1] Derivative instruments in an asset or liability position are included within Other assets or Other liabilities, respectively, in the balance sheets on a net basis where the Company has both a legal right of offset and the intention to settle the contracts on a net basis. The Company often enters into different types of derivative contracts with a single counterparty and these contracts are covered under netting agreements.
[2] The underwriting profit of $0.6 million relates to a premium adjustment during the three months ended March 31, 2015 relating to the GreyCastle Life Retro Arrangements transaction. Excluding this transaction, the impact to comprehensive income relating to the GreyCastle Life Retro Arrangements was nil for the three months ended March 31, 2015.