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Fair Value Measurements - Schedule of assets and liabilities that were accounted for at fair value (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Fixed maturities, at fair value $ 30,651,790 $ 30,256,602
Equity securities, at fair value 1,094,509 1,037,331
Short-term investments, at fair value 260,153 625,193
Total investments available for sale 32,006,452 31,919,126
Fixed maturities, trading at fair value 1,700,108 1,617,014
Short-term investments, trading at fair value 754 9,563
Total investments trading 1,700,862 1,626,577
Collateral and counterparty netting, assets [1],[2] (8,565) (17,947)
Liabilities    
Funds withheld on life retrocession arrangements (net of future policy benefit reserves recoverable) 954,327 998,968
Collateral and counterparty nettings, liabilities [1],[2] (8,565) (17,947)
Recurring    
Assets    
Total investments available for sale 32,006,452 31,919,126
Cash equivalents [3] 1,785,866 1,669,652
Other investments [4] 724,930 699,402
Other assets [2] 22,420 89,549
Total assets accounted for at fair value 36,326,993 36,077,104
Liabilities    
Funds withheld on life retrocession arrangements (net of future policy benefit reserves recoverable) [5] 977,942 937,721
Other liabilities [2] 39,222 46,757
Total liabilities accounted for at fair value 1,017,164 984,478
Recurring | Quoted prices in active markets for identical assets (Level 1)    
Assets    
Total investments available for sale 942,865 898,664
Cash equivalents [3] 301,491 573,398
Other investments [4] 0
Other assets [2] 0 0
Total assets accounted for at fair value 1,244,356 1,472,062
Liabilities    
Funds withheld on life retrocession arrangements (net of future policy benefit reserves recoverable) [5] 0 0
Other liabilities [2] 0 0
Total liabilities accounted for at fair value 0 0
Recurring | Significant other observable inputs (Level 2)    
Assets    
Total investments available for sale 31,015,283 30,974,396
Cash equivalents [3] 1,484,375 1,096,254
Other investments [4] 520,965 493,874
Other assets [2] 12,425 87,655
Total assets accounted for at fair value 34,820,373 34,351,554
Liabilities    
Funds withheld on life retrocession arrangements (net of future policy benefit reserves recoverable) [5] 977,942 937,721
Other liabilities [2] 29,390 44,865
Total liabilities accounted for at fair value 1,007,332 982,586
Recurring | Significant other unobservable inputs (Level 3)    
Assets    
Total investments available for sale 48,304 46,066
Cash equivalents [3] 0 0
Other investments [4] 203,965 205,528
Other assets [2] 18,560 19,841
Total assets accounted for at fair value 270,829 271,435
Liabilities    
Funds withheld on life retrocession arrangements (net of future policy benefit reserves recoverable) [5] 0 0
Other liabilities [2] 18,397 19,839
Total liabilities accounted for at fair value 18,397 19,839
Excluding Life Funds Withheld Assets    
Assets    
Fixed maturities, at fair value 28,440,809 27,948,560
Equity securities, at fair value 1,094,509 1,037,331
Short-term investments, at fair value 260,153 625,193
Total investments available for sale 29,795,471 29,611,084
Excluding Life Funds Withheld Assets | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 4,203,353 3,894,388
Excluding Life Funds Withheld Assets | Corporate    
Assets    
Fixed maturities, at fair value 10,579,366 10,134,729
Excluding Life Funds Withheld Assets | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 4,377,435 4,492,625
Excluding Life Funds Withheld Assets | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 700,197 665,186
Excluding Life Funds Withheld Assets | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 1,249,691 1,253,388
Excluding Life Funds Withheld Assets | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value 2,350,859 2,478,112
Excluding Life Funds Withheld Assets | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 4,979,908 5,030,132
Excluding Life Funds Withheld Assets | Recurring    
Assets    
Fixed maturities, at fair value 28,440,809 27,948,560
Equity securities, at fair value 1,094,509 1,037,331
Short-term investments, at fair value [6] 260,153 625,193
Total investments available for sale 29,795,471 29,611,084
Excluding Life Funds Withheld Assets | Recurring | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 4,203,353 3,894,388
Excluding Life Funds Withheld Assets | Recurring | Corporate    
Assets    
Fixed maturities, at fair value 10,579,366 10,134,729
Excluding Life Funds Withheld Assets | Recurring | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 4,377,435 4,492,625
Excluding Life Funds Withheld Assets | Recurring | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 700,197 665,186
Excluding Life Funds Withheld Assets | Recurring | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 1,249,691 1,253,388
Excluding Life Funds Withheld Assets | Recurring | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value 2,350,859 2,478,112
Excluding Life Funds Withheld Assets | Recurring | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 4,979,908 5,030,132
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1)    
Assets    
Fixed maturities, at fair value 0 0
Equity securities, at fair value 942,865 898,664
Short-term investments, at fair value [6] 0 0
Total investments available for sale 942,865 898,664
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Corporate    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2)    
Assets    
Fixed maturities, at fair value 28,404,170 27,902,494
Equity securities, at fair value 151,644 138,667
Short-term investments, at fair value [6] 248,488 625,193
Total investments available for sale 28,804,302 28,666,354
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 4,184,045 3,869,637
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Corporate    
Assets    
Fixed maturities, at fair value 10,569,467 10,114,644
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 4,374,054 4,492,625
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 700,096 665,087
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 1,245,741 1,252,257
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value 2,350,859 2,478,112
Excluding Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 4,979,908 5,030,132
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3)    
Assets    
Fixed maturities, at fair value 36,639 46,066
Equity securities, at fair value 0 0
Short-term investments, at fair value [6] 11,665 0
Total investments available for sale 48,304 46,066
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 19,308 24,751
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Corporate    
Assets    
Fixed maturities, at fair value 9,899 20,085
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 3,381 0
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 101 99
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 3,950 1,131
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value 0 0
Excluding Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 0 0
Life Funds Withheld Assets    
Assets    
Fixed maturities, at fair value 2,210,981 2,308,042
Fixed maturities, trading at fair value 1,700,108 1,617,014
Short-term investments, trading at fair value 754 9,563
Total investments trading 1,700,862 1,626,577
Life Funds Withheld Assets | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 10,732 10,577
Fixed maturities, trading at fair value 16,340 14,708
Life Funds Withheld Assets | Corporate    
Assets    
Fixed maturities, at fair value 1,395,551 1,454,608
Fixed maturities, trading at fair value 1,167,081 1,111,205
Life Funds Withheld Assets | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 22,338 22,380
Fixed maturities, trading at fair value 930 961
Life Funds Withheld Assets | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 93,810 94,240
Fixed maturities, trading at fair value 5,550 5,526
Life Funds Withheld Assets | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 99,928 101,560
Fixed maturities, trading at fair value 40,484 39,446
Life Funds Withheld Assets | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, trading at fair value 126 224
Life Funds Withheld Assets | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 588,622 624,677
Fixed maturities, trading at fair value 469,597 444,944
Life Funds Withheld Assets | Recurring    
Assets    
Fixed maturities, at fair value 2,210,981 2,308,042
Fixed maturities, trading at fair value 1,700,108 1,617,014
Short-term investments, trading at fair value [6] 754 9,563
Total investments trading 1,700,862 1,626,577
Cash equivalents [3] 86,463 72,798
Life Funds Withheld Assets | Recurring | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 10,732 10,577
Fixed maturities, trading at fair value 16,340 14,708
Life Funds Withheld Assets | Recurring | Corporate    
Assets    
Fixed maturities, at fair value 1,395,551 1,454,608
Fixed maturities, trading at fair value 1,167,081 1,111,205
Life Funds Withheld Assets | Recurring | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 22,338 22,380
Fixed maturities, trading at fair value 930 961
Life Funds Withheld Assets | Recurring | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 93,810 94,240
Fixed maturities, trading at fair value 5,550 5,526
Life Funds Withheld Assets | Recurring | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 99,928 101,560
Fixed maturities, trading at fair value 40,484 39,446
Life Funds Withheld Assets | Recurring | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value   0
Fixed maturities, trading at fair value 126 224
Life Funds Withheld Assets | Recurring | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 588,622 624,677
Fixed maturities, trading at fair value 469,597 444,944
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1)    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Short-term investments, trading at fair value [6] 0 0
Total investments trading 0 0
Cash equivalents [3] 0 0
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Corporate    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value   0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Quoted prices in active markets for identical assets (Level 1) | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2)    
Assets    
Fixed maturities, at fair value 2,210,981 2,308,042
Fixed maturities, trading at fair value 1,700,108 1,617,014
Short-term investments, trading at fair value [6] 754 9,563
Total investments trading 1,700,862 1,626,577
Cash equivalents [3] 86,463 72,798
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 10,732 10,577
Fixed maturities, trading at fair value 16,340 14,708
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Corporate    
Assets    
Fixed maturities, at fair value 1,395,551 1,454,608
Fixed maturities, trading at fair value 1,167,081 1,111,205
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 22,338 22,380
Fixed maturities, trading at fair value 930 961
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 93,810 94,240
Fixed maturities, trading at fair value 5,550 5,526
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 99,928 101,560
Fixed maturities, trading at fair value 40,484 39,446
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value   0
Fixed maturities, trading at fair value 126 224
Life Funds Withheld Assets | Recurring | Significant other observable inputs (Level 2) | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 588,622 624,677
Fixed maturities, trading at fair value 469,597 444,944
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3)    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Short-term investments, trading at fair value [6] 0 0
Total investments trading 0 0
Cash equivalents [3] 0 0
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | U.S. Government and Government Agencies    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Corporate    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Residential mortgage-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Commercial mortgage-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Other asset-backed securities    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | US States, municipalities and political subdivisions of the States    
Assets    
Fixed maturities, at fair value   0
Fixed maturities, trading at fair value 0 0
Life Funds Withheld Assets | Recurring | Significant other unobservable inputs (Level 3) | Non-U.S. Governments    
Assets    
Fixed maturities, at fair value 0 0
Fixed maturities, trading at fair value $ 0 $ 0
[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] Other assets and other liabilities include derivative instruments. The derivative balances included in each category are reported on a gross basis by level with a netting adjustment presented separately in the Collateral and Counterparty Netting column. The fair values of the individual derivative contracts are reported gross in their respective levels based on the fair value hierarchy. For further details regarding derivative fair values and associated collateral received or paid, see Note 5, "Derivative Instruments.
[3] Cash equivalents balances subject to fair value measurement include certificates of deposit and money market funds. Operating cash balances are not subject to recurring fair value measurement guidance.
[4] Excluded from Other Investments are certain investments which are measured using net asset value as a practical expedient in the amount of $283.0 million and $322.9 million at March 31, 2017 and December 31, 2016, respectively. Based on new accounting guidance, these investments are excluded from the fair value hierarchy table. In addition, the Other investments balance excludes a certain payment obligation. This investment, which totaled $142.5 million at March 31, 2017 and $142.3 million at December 31, 2016, is carried at amortized cost. For further information, see Item 8, Note 6, "Other Investments," to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016.
[5] Funds withheld on GreyCastle Life Retro Arrangements (net of future policy benefit reserves recoverable) include balances related to the life retrocession embedded derivative, under which all investment results associated with the Life Funds Withheld Assets related to the GreyCastle Life Retro Arrangements described in Note 1, "Significant Accounting Policies," accrue to the benefit of GCLR.
[6] Short-term investments consist primarily of Other asset-backed securities, U.S. and Non-U.S. Government securities and Corporate securities.