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Segment Information - Statement of earnings by segment (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Segment Reporting Information [Line Items]        
Gross premiums written $ 2,025,472 $ 1,856,355 $ 4,503,358 $ 4,260,022
Net premiums written 1,533,868 1,432,900 3,641,522 3,474,624
Net premiums earned 1,562,393 1,486,593 3,092,084 2,923,010
Net losses and loss expenses 1,054,373 957,503 2,008,410 1,932,875
Acquisition costs 231,886 218,937 452,145 443,087
Operating expenses 236,342 [1] 237,066 [1] 463,355 [1] 463,767 [1]
Underwriting profit (loss) 39,792 73,087 168,174 83,281
Net investment income 214,410 245,225 443,137 493,219
Net results from structured products 6,053 [2] (13,759) [3] 11,229 [4] (8,502) [5]
Net fee income and other (791) [6] 1,288 [6] (1,055) [6] (351) [6]
Net realized gains (losses) on investments 40,968 (12,393) 77,477 8,409
Contribution from P&C and Life Operations 300,432 293,448 698,962 576,056
Corporate & other:        
Net realized and unrealized gains (losses) on derivative instruments (5,105) (4,301) 2,780 (3,598)
Net income (loss) from investment fund affiliates and operating affiliates 79,368 23,554 142,587 [7] 59,216
Exchange (gains) losses (11,331) (17,976) (44,766) (5,258)
Corporate operating expenses 55,155 50,062 102,078 94,322
Interest expense 26,121 26,194 52,257 53,454
Non-controlling interests 3,180 3,455 38,922 40,012
Income tax 28,872 29,812 72,351 51,362
Net income (loss) attributable to ordinary shareholders 272,698 221,154 623,487 397,782
Total P&C
       
Segment Reporting Information [Line Items]        
Gross premiums written 1,944,170 1,763,452 4,349,086 4,080,436
Net premiums written 1,459,972 1,347,277 3,502,181 3,310,505
Net premiums earned 1,488,497 1,400,970 2,952,743 2,758,867
Net losses and loss expenses 937,606 826,354 1,780,690 1,680,420
Acquisition costs 224,631 211,007 440,787 427,506
Operating expenses 234,136 [1] 234,237 [1] 458,554 [1] 458,331 [1]
Underwriting profit (loss) 92,124 129,372 272,712 192,610
Net investment income 143,818 170,579 300,857 343,547
Net results from structured products 6,053 [2] (13,759) [3] 11,229 [4] (8,502) [5]
Net fee income and other (835) [6] 1,246 [6] (2,142) [6] (441) [6]
Net realized gains (losses) on investments 29,369 (2,154) 74,947 22,812
Contribution from P&C and Life Operations 270,529 285,284 657,603 550,026
Ratios - P&C operations        
Loss and loss expense ratio 63.00% [8] 59.00% [8] 60.30% [8] 60.90% [8]
Underwriting expense ratio 30.80% [8] 31.80% [8] 30.50% [8] 32.10% [8]
Combined ratio 93.80% [8] 90.80% [8] 90.80% [8] 93.00% [8]
Insurance Segment
       
Segment Reporting Information [Line Items]        
Gross premiums written 1,472,388 1,311,035 2,970,175 2,647,669
Net premiums written 1,049,163 944,266 2,238,351 1,980,792
Net premiums earned 1,058,542 959,293 2,097,634 1,893,348
Net losses and loss expenses 721,323 635,282 1,371,840 1,266,968
Acquisition costs 138,032 123,285 268,654 251,540
Operating expenses 194,514 [1] 192,246 [1] 378,511 [1] 377,593 [1]
Underwriting profit (loss) 4,673 8,480 78,629 (2,753)
Net results from structured products 3,532 [2] 9,047 [3] 7,717 [4] 11,866 [5]
Net fee income and other (1,355) [6] 256 [6] (3,294) [6] (1,764) [6]
Ratios - P&C operations        
Loss and loss expense ratio 68.10% [8] 66.20% [8] 65.40% [8] 66.90% [8]
Underwriting expense ratio 31.50% [8] 32.90% [8] 30.90% [8] 33.20% [8]
Combined ratio 99.60% [8] 99.10% [8] 96.30% [8] 100.10% [8]
Reinsurance Segment
       
Segment Reporting Information [Line Items]        
Gross premiums written 471,782 452,417 1,378,911 1,432,767
Net premiums written 410,809 403,011 1,263,830 1,329,713
Net premiums earned 429,955 441,677 855,109 865,519
Net losses and loss expenses 216,283 191,072 408,850 413,452
Acquisition costs 86,599 87,722 172,133 175,966
Operating expenses 39,622 [1] 41,991 [1] 80,043 [1] 80,738 [1]
Underwriting profit (loss) 87,451 120,892 194,083 195,363
Net results from structured products 2,521 [2] (22,806) [3] 3,512 [4] (20,368) [5]
Net fee income and other 520 [6] 990 [6] 1,152 [6] 1,323 [6]
Ratios - P&C operations        
Loss and loss expense ratio 50.30% [8] 43.30% [8] 47.80% [8] 47.80% [8]
Underwriting expense ratio 29.40% [8] 29.30% [8] 29.50% [8] 29.60% [8]
Combined ratio 79.70% [8] 72.60% [8] 77.30% [8] 77.40% [8]
Life Operations Segment
       
Segment Reporting Information [Line Items]        
Gross premiums written 81,302 92,903 154,272 179,586
Net premiums written 73,896 85,623 139,341 164,119
Net premiums earned 73,896 85,623 139,341 164,143
Net losses and loss expenses 116,767 131,149 227,720 252,455
Acquisition costs 7,255 7,930 11,358 15,581
Operating expenses 2,206 [1] 2,829 [1] 4,801 [1] 5,436 [1]
Underwriting profit (loss) (52,332) (56,285) (104,538) (109,329)
Net investment income 70,592 74,646 142,280 149,672
Net results from structured products 0 [2] 0 [3] 0 [4] 0 [5]
Net fee income and other 44 [6] 42 [6] 1,087 [6] 90 [6]
Net realized gains (losses) on investments 11,599 (10,239) 2,530 (14,403)
Contribution from P&C and Life Operations $ 29,903 $ 8,164 $ 41,359 $ 26,030
[1] Operating expenses exclude Corporate operating expenses, shown separately.
[2] The net results from P&C structured products include net investment income and interest expense of $18.1 million and $12.1 million, respectively
[3] The net results from P&C structured products include net investment income and interest expense of $17.4 million and $31.2 million, respectively.
[4] The net results from P&C structured products include net investment income and interest expense of $35.9 million and $24.6 million, respectively.
[5] The net results from P&C structured products include net investment income and interest expense of $34.7 million and $43.2 million, respectively.
[6] Net fee income and other includes operating expenses from the Company's loss prevention consulting services business.
[7] The Company records the income related to the alternative funds and to the private investment and operating fund affiliates on a one-month and three-month lag, respectively.
[8] Ratios are based on net premiums earned from P&C operations.