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Reinsurance (Tables)

6 Months Ended

Jun. 30, 2020

schedule of reinsurance recoverable on ceded insurance


	June 30, 2020							December 31, 2019
(in millions of U.S. dollars)		Net Reinsurance Recoverable ⁽¹⁾		Valuation allowance				Net Reinsurance Recoverable ⁽¹⁾			Valuation allowance
Reinsurance recoverable on unpaid losses and loss expenses		$	14,361	$	240	$	14,181		$	240
Reinsurance recoverable on paid losses and loss expenses		846		63		1,000			76
Reinsurance recoverable on losses and loss expenses		$	15,207	$	303	$	15,181		$	316
Reinsurance recoverable on policy benefits		$	197	$	4	$	197		$	4

⁽¹⁾Net of valuation allowance for uncollectible reinsurance.

Reinsurance Recoverable, Allowance for Credit Loss [Table Text Block]

The following table presents a roll-forward of valuation allowance for uncollectible reinsurance related to Reinsurance recoverable on loss and loss expenses:


	Six Months Ended
	June 30
(in millions of U.S. dollars)	2020
Reinsurance recoverable
Valuation allowance for uncollectible reinsurance - beginning of period	$	316
Provision for uncollectible reinsurance	5
Write-offs charged against the valuation allowance	(19)

Foreign exchange revaluation	1
Valuation allowance for uncollectible reinsurance - end of period	$	303