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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2012
Summary OF Financial And Other Guarantee Exposures [Text Block]

 

 

 

 

 

 

 

 

 

Financial Guarantee Summary Table
(U.S. dollars in thousands except number of contracts and term to maturity)

 

March 31,
2012

 

 

December 31,
2011

 

 

 

   

 

   

Opening number of financial guarantee contracts

 

 

4

 

 

 

37

 

Number of financial guarantee contracts matured, prepaid or commuted during the period

 

 

-

 

 

 

(33

)

 

 

     

 

     

Closing number of financial guarantee contracts

 

 

4

 

 

 

4

 

 

 

     

 

     

 

 

 

 

 

 

 

 

 

Principal outstanding

 

$

115,464

 

 

$

115,464

 

Interest outstanding

 

$

-

 

 

$

-

 

 

 

     

 

     

Aggregate exposure outstanding

 

$

115,464

 

 

$

115,464

 

 

 

     

 

     

 

 

 

 

 

 

 

 

 

Total gross claim liability recorded

 

$

1,399

 

 

$

1,399

 

Total unearned premiums and fees recorded

 

$

389

 

 

$

425

 

Weighted average contractual term to maturity

 

 

26.2 years

 

 

 

26.7 years