Related Party Transactions

6 Months Ended

Jun. 30, 2012

Related Party Transactions Abstract

Related Party Transactions Disclosure [Text Block]

9. Related Party Transactions

At June 30, 2012, the Company owned minority stakes in four independent investment management companies (“Investment Manager Affiliates”) that are actively managing client capital and seeking growth opportunities. The Company seeks to develop relationships with specialty investment management organizations, generally acquiring an equity interest in the business. The Company also invests in certain of the funds and limited partnerships and other legal entities managed by these affiliates and through these funds and partnerships pays management and performance fees to the Company's Investment Manager Affiliates.

In the normal course of business, the Company enters into certain quota share reinsurance contracts with a subsidiary of one of its other strategic affiliates, ARX Holding Corporation. During the six months ended June 30, 2012 and 2011, these contracts resulted in reported net premiums written, net reported claims and reported acquisition costs as summarized below. Management believes that these transactions are conducted at market rates consistent with negotiated arms-length contracts.

	Three Months Ended				Six Months Ended
ARX Holding Corporation	June 30,				June 30,
(U.S. dollars in thousands)	2012		2011		2012		2011
Reported net premiums written	$	10,549	$	8,713	$	26,196	$	22,772
Net losses incurred		7,862		5,570		15,823		13,261
Reported acquisition costs		6,136		5,218		12,613		11,067