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REINSURANCE (Tables)
12 Months Ended
Dec. 31, 2011
Schedule Of Reinsurance Premiums Written And Earned [Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums Written
Year Ended December 31,

 

Premiums Earned
Year Ended December 31,

 

 

 


 


 

(U.S. dollars in thousands)

 

2011

 

2010

 

2009

 

2011

 

2010

 

2009

 

 

 


 


 


 


 


 


 

Direct

 

$

4,714,588

 

$

4,398,753

 

$

4,381,185

 

$

4,624,557

 

$

4,535,626

 

$

4,861,073

 

Assumed

 

 

2,183,696

 

 

1,862,578

 

 

1,730,126

 

 

2,179,555

 

 

1,837,528

 

 

1,877,634

 

Ceded

 

 

(1,464,896

)

 

(1,261,743

)

 

(1,367,599

)

 

(1,477,000

)

 

(1,342,017

)

 

(1,586,968

)

 

 



 



 



 



 



 



 

Net

 

$

5,433,388

 

$

4,999,588

 

$

4,743,712

 

$

5,327,112

 

$

5,031,137

 

$

5,151,739

 

 

 



 



 



 



 



 



 

Analysis Of Unpaid Losses And Loss Expenses And Future Policy Benefit Reserves Recoverable [Text Block]

 

 

 

 

 

 

 

 

(U.S. dollars in thousands)

 

2011

 

2010

 

 

 


 


 

P&C operations

 

$

3,629,928

 

$

3,649,290

 

Life operations

 

 

25,020

 

 

22,597

 

 

 



 



 

Total unpaid losses and loss expenses recoverable

 

$

3,654,948

 

$

3,671,887

 

 

 



 



 

Analysis Of Total Recoverable And Reinsurance Balances Receivable By Reinsurers Owing More Than 3 Percentage [Text Block]

 

 

 

 

 

 

 

 

Name of reinsurer

 

 

Reinsurer
Financial
Strength Rating

 

% of total

 


 

 


 


 

Munich Reinsurance Company

 

AA-/Stable

 

 

22.8

%

Swiss Reinsurance Company

 

AA-/Stable

 

 

12.2

%

Swiss Re Europe S.A.

 

AA-/Stable

 

 

5.1

%

Transatlantic Reinsurance Company

 

A+/Stable

 

 

3.7

%

Everest Reinsurance Company

 

A+/Stable

 

 

3.0

%

Ratings Profile Of Reinsurers [Text Block]

 

 

 

 

 

 

Reinsurer Financial
Strength Rating

 

 

% of total

 


 

 


 

AAA

 

 

1.3

%

AA

 

 

58.4

%

A

 

 

32.3

%

BBB

 

 

0.4

%

BB and below

 

 

0.1

%

Captives

 

 

4.8

%

Not Rated

 

 

0.2

%

Other

 

 

2.5

%

 

 



 

Total

 

 

100.0

%