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Fair Value Measurements (Details) - Schedule of assets and liabilities that were accounted for at fair value (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Fixed maturities, at fair value $ 27,426,293 $ 26,190,025
Equity securities, at fair value 565,927 468,197
Short-term investments, at fair value 323,705 359,063
Total investments available for sale 28,315,925 27,017,285
U.S. Government and Government - Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 2,135,368 1,990,983
Corporate [Member]
   
ASSETS    
Fixed maturities, at fair value 10,007,137 10,108,622
Residential mortgage-backed securities - Agency ("RMBS - Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 5,376,903 5,379,406
Residential mortgage-backed securities - Non-Agency ("RMBS - Non-Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 636,325 641,815
Commercial mortgage-backed securities ("CMBS") [Member]
   
ASSETS    
Fixed maturities, at fair value 1,034,409 974,835
Collateralized debt obligations ("CDO") [Member]
   
ASSETS    
Fixed maturities, at fair value 682,566 658,602
Other asset-backed securities [Member]
   
ASSETS    
Fixed maturities, at fair value 1,458,544 1,340,249
U.S. States and political subdivisions of the States [Member]
   
ASSETS    
Fixed maturities, at fair value 1,820,105 1,797,378
Non-U.S. Sovereign Government, Provincial, Supranational, and Government-Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 4,274,936 3,298,135
Recurring
   
ASSETS    
Fixed maturities, at fair value 27,426,293 26,190,025 [1]
Equity securities, at fair value 565,927 [2] 468,197 [2]
Short-term investments, at fair value 323,705 [3],[4] 359,063 [3],[4]
Total investments available for sale 28,315,925 27,017,285
Cash equivalents 2,359,617 [5] 2,754,365 [5]
Other investments 903,788 [6] 661,557 [6]
Other assets 52,151 [7] 65,734 [7]
Total assets accounted for at fair value 31,631,481 30,498,941
Liabilities:    
Financial instruments sold, but not yet purchased 30,944 [8] 20,844 [8]
Other liabilities 117,071 [7] 58,706 [7]
Total liabilities accounted for at fair value 148,015 79,550
Recurring | U.S. Government and Government - Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 2,135,368 1,990,983
Recurring | Corporate [Member]
   
ASSETS    
Fixed maturities, at fair value 10,007,137 [1],[3] 10,108,622 [1],[3]
Recurring | Residential mortgage-backed securities - Agency ("RMBS - Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 5,376,903 5,379,406
Recurring | Residential mortgage-backed securities - Non-Agency ("RMBS - Non-Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 636,325 641,815
Recurring | Commercial mortgage-backed securities ("CMBS") [Member]
   
ASSETS    
Fixed maturities, at fair value 1,034,409 974,835
Recurring | Collateralized debt obligations ("CDO") [Member]
   
ASSETS    
Fixed maturities, at fair value 682,566 658,602
Recurring | Other asset-backed securities [Member]
   
ASSETS    
Fixed maturities, at fair value 1,458,544 [1] 1,340,249 [1]
Recurring | U.S. States and political subdivisions of the States [Member]
   
ASSETS    
Fixed maturities, at fair value 1,820,105 1,797,378
Recurring | Non-U.S. Sovereign Government, Provincial, Supranational, and Government-Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 4,274,936 3,298,135
Recurring | Quoted prices in active markets for identical assets (Level 1)
   
ASSETS    
Fixed maturities, at fair value 0 0 [1]
Equity securities, at fair value 230,539 [2] 239,175 [2]
Short-term investments, at fair value 0 [3],[4] 0 [3],[4]
Total investments available for sale 230,539 239,175
Cash equivalents 2,037,971 [5] 1,686,101 [5]
Other investments 0 [6] 0 [6]
Other assets 0 [7] 0 [7]
Total assets accounted for at fair value 2,268,510 1,925,276
Liabilities:    
Financial instruments sold, but not yet purchased 0 [8] 0 [8]
Other liabilities 0 [7] 0 [7]
Total liabilities accounted for at fair value 0 0
Recurring | Quoted prices in active markets for identical assets (Level 1) | U.S. Government and Government - Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Corporate [Member]
   
ASSETS    
Fixed maturities, at fair value 0 [1],[3] 0 [1],[3]
Recurring | Quoted prices in active markets for identical assets (Level 1) | Residential mortgage-backed securities - Agency ("RMBS - Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Residential mortgage-backed securities - Non-Agency ("RMBS - Non-Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Commercial mortgage-backed securities ("CMBS") [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Collateralized debt obligations ("CDO") [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Other asset-backed securities [Member]
   
ASSETS    
Fixed maturities, at fair value 0 [1] 0 [1]
Recurring | Quoted prices in active markets for identical assets (Level 1) | U.S. States and political subdivisions of the States [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Non-U.S. Sovereign Government, Provincial, Supranational, and Government-Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Significant other observable inputs (Level 2)
   
ASSETS    
Fixed maturities, at fair value 26,630,137 25,466,763 [1]
Equity securities, at fair value 335,388 [2] 229,022 [2]
Short-term investments, at fair value 323,705 [3],[4] 359,063 [3],[4]
Total investments available for sale 27,289,230 26,054,848
Cash equivalents 321,646 [5] 1,068,264 [5]
Other investments 783,813 [6] 547,598 [6]
Other assets 10,611 [7] 143,622 [7]
Total assets accounted for at fair value 28,405,300 27,814,332
Liabilities:    
Financial instruments sold, but not yet purchased 30,944 [8] 20,844 [8]
Other liabilities 82,009 [7] 16,871 [7]
Total liabilities accounted for at fair value 112,953 37,715
Recurring | Significant other observable inputs (Level 2) | U.S. Government and Government - Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 2,135,368 1,990,983
Recurring | Significant other observable inputs (Level 2) | Corporate [Member]
   
ASSETS    
Fixed maturities, at fair value 9,978,002 [1],[3] 10,084,804 [1],[3]
Recurring | Significant other observable inputs (Level 2) | Residential mortgage-backed securities - Agency ("RMBS - Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 5,343,046 5,347,365
Recurring | Significant other observable inputs (Level 2) | Residential mortgage-backed securities - Non-Agency ("RMBS - Non-Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 628,486 641,815
Recurring | Significant other observable inputs (Level 2) | Commercial mortgage-backed securities ("CMBS") [Member]
   
ASSETS    
Fixed maturities, at fair value 1,001,040 974,835
Recurring | Significant other observable inputs (Level 2) | Collateralized debt obligations ("CDO") [Member]
   
ASSETS    
Fixed maturities, at fair value 7,773 7,751
Recurring | Significant other observable inputs (Level 2) | Other asset-backed securities [Member]
   
ASSETS    
Fixed maturities, at fair value 1,441,381 [1] 1,323,697 [1]
Recurring | Significant other observable inputs (Level 2) | U.S. States and political subdivisions of the States [Member]
   
ASSETS    
Fixed maturities, at fair value 1,820,105 1,797,378
Recurring | Significant other observable inputs (Level 2) | Non-U.S. Sovereign Government, Provincial, Supranational, and Government-Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 4,274,936 3,298,135
Recurring | Significant other unobservable inputs (Level 3)
   
ASSETS    
Fixed maturities, at fair value 796,156 723,262 [1]
Equity securities, at fair value 0 [2] 0 [2]
Short-term investments, at fair value 0 [3],[4] 0 [3],[4]
Total investments available for sale 796,156 723,262
Cash equivalents 0 [5] 0 [5]
Other investments 119,975 [6] 113,959 [6]
Other assets 0 [7] 0 [7]
Total assets accounted for at fair value 916,131 837,221
Liabilities:    
Financial instruments sold, but not yet purchased 0 [8] 0 [8]
Other liabilities 35,062 [7] 42,644 [7]
Total liabilities accounted for at fair value 35,062 42,644
Recurring | Significant other unobservable inputs (Level 3) | U.S. Government and Government - Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Significant other unobservable inputs (Level 3) | Corporate [Member]
   
ASSETS    
Fixed maturities, at fair value 29,135 [1],[3] 23,818 [1],[3]
Recurring | Significant other unobservable inputs (Level 3) | Residential mortgage-backed securities - Agency ("RMBS - Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 33,857 32,041
Recurring | Significant other unobservable inputs (Level 3) | Residential mortgage-backed securities - Non-Agency ("RMBS - Non-Agency") [Member]
   
ASSETS    
Fixed maturities, at fair value 7,839 0
Recurring | Significant other unobservable inputs (Level 3) | Commercial mortgage-backed securities ("CMBS") [Member]
   
ASSETS    
Fixed maturities, at fair value 33,369 0
Recurring | Significant other unobservable inputs (Level 3) | Collateralized debt obligations ("CDO") [Member]
   
ASSETS    
Fixed maturities, at fair value 674,793 650,851
Recurring | Significant other unobservable inputs (Level 3) | Other asset-backed securities [Member]
   
ASSETS    
Fixed maturities, at fair value 17,163 [1] 16,552 [1]
Recurring | Significant other unobservable inputs (Level 3) | U.S. States and political subdivisions of the States [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Significant other unobservable inputs (Level 3) | Non-U.S. Sovereign Government, Provincial, Supranational, and Government-Related/Supported [Member]
   
ASSETS    
Fixed maturities, at fair value 0 0
Recurring | Collateral and counterparty netting
   
ASSETS    
Other assets 41,540 [7] (77,888) [7]
Total assets accounted for at fair value 41,540 (77,888)
Liabilities:    
Other liabilities 0 [7] (809) [7]
Total liabilities accounted for at fair value $ 0 $ (809)
[1] The Company invests in covered bonds issued by financial institutions ("Covered Bonds"). Covered Bonds are senior secured debt instruments issued by financial institutions and backed by over-collateralized pools of public sector or mortgage loans. Covered Bonds are included within Other asset-backed securities to align the Company's classification to market indices.
[2] Certain investments in fixed income funds are included within equity securities.
[3] Included within Corporate are certain medium term notes supported primarily by pools of European investment grade credit with varying degrees of leverage.
[4] Short-term investments consist primarily of Corporate securities and U.S. Government and Government-Related/Supported securities.
[5] Cash equivalents balances subject to fair value measurement include certificates of deposit and money market funds. Operating cash balances are not subject to fair value measurement guidance.
[6] The Other investments balance excludes certain structured transactions including certain investments in project finance transactions, a payment obligation and liquidity financing provided to a structured credit vehicle as part of a third party medium term note facility. These investments are carried at amortized cost.
[7] Other assets and other liabilities include derivative instruments. The derivative balances included in each category above are reported on a gross basis by level with a netting adjustment presented separately in the "Collateral and Counterpary Netting" column. The Company often enters into different types of derivative contracts with a single counterparty and these contracts are covered under a netting agreement.. Net cash collateral related to derivative positions is included within cash and cash equivalents and the corresponding liability to return the collateral has been offset against the derivative positions within the balance sheet as appropriate under the netting agreement. The fair values of the individual derivative contracts are reported gross in their respective levels based on the fair value hierarchy.
[8] Financial instruments sold, but not yet purchased, represent "short sales" and are included within "Payable for investments purchased" on the balance sheet.