Liability for Unpaid Loss and Loss Adjustment Expense (Tables)

9 Months Ended

Sep. 30, 2013

Liability for Unpaid Loss and Loss Adjustment Expense

Rollforward of Liability for Unpaid Loss and Loss Adjustment Expense

			Nine months ended September 30,				Three months ended September 30,
			2013		2012		2013		2012
Net reserves for loss and loss adjustment expense payable
	at beginning of period		$	2,749,803	$	2,683,483	$	2,811,021	$	2,748,995
Net reserve additions from acquired businesses				-		14,705		0		0
Foreign currency adjustment				(2,296)		11,261		22,331		15,717
Net loss and loss adjustment expense				992,547		969,767		320,376		304,014
Net loss and loss adjustment expense payments				(884,022)		(944,203)		(297,696)		(333,713)
	Net reserves for loss and loss adjustment expense
		payable at end of period	$	2,856,032	$	2,735,013	$	2,856,032	$	2,735,013

LiabilityForUnpaidClaimsAdjustmentExpenseByExpenseTypeTextBlock

			Nine months ended September 30,				Three months ended September 30,
			2013		2012		2013		2012
Net (favorable) adverse loss development:
	U.S. Property & Casualty		$	(40,754)	$	2,138	$	(40,754)	$	2,138
	Professional Liability			(26,284)		(26,186)		(26,284)		(26,186)
	Accident & Health			-		(10,695)		-		(10,695)
	U.S. Surety & Credit			(9,492)		-		-		-
	International			36,896		-		39,196		-
	Exited Lines			-		111		-		111
		Total net favorable loss development		(39,634)		(34,632)		(27,842)		(34,632)
Catastrophe losses				48,055		21,406		18,134		8,738
All other net loss and loss adjustment expense				984,126		982,993		330,084		329,908
		Net loss and loss adjustment expense	$	992,547	$	969,767	$	320,376	$	304,014