Reserves For Losses And LAE (Tables)

12 Months Ended

Dec. 31, 2013

Reserve For Losses And LAE [Abstract]

Summary Of Activity In The Reserve For Losses And LAE

	At December 31,
(Dollars in thousands)	2013			2012			2011
Gross reserves at January 1	$	8,143,055		$	8,290,619		$	7,652,303
Less reinsurance recoverables		(3,444,970	)		(3,374,427	)		(3,265,528	)
Net reserves at January 1		4,698,085			4,916,192			4,386,775
Incurred related to:
Current year		1,227,525			1,237,486			1,862,836
Prior years		44,631			12,258			14,767
Total incurred losses and LAE		1,272,156			1,249,744			1,877,603
Paid related to:
Current year		464,914			365,805			447,182
Prior years		1,209,941			1,097,353			894,242
Total paid losses and LAE		1,674,855			1,463,158			1,341,424
Foreign exchange/translation adjustment		(69,542	)		(4,693	)		(6,762	)
Net reserves at December 31		4,225,844			4,698,085			4,916,192
Plus reinsurance recoverables		3,427,385			3,444,970			3,374,427
Gross reserves at December 31	$	7,653,229		$	8,143,055		$	8,290,619

Summary Of Incurred Losses With Respect To A&E Reserve On Both Gross And Net Of Reinsurance Basis

	At December 31,
(Dollars in thousands)	2013			2012			2011
Gross basis:
Beginning of period reserves	$	442,821		$	499,911		$	554,790
Incurred losses		5,598			132			753
Paid losses		(45,958	)		(57,222	)		(55,632	)
End of period reserves	$	402,461		$	442,821		$	499,911
Net basis:
Beginning of period reserves	$	305,469		$	341,251		$	382,507
Incurred losses		3,965			17			(30	)
Paid losses		(40,064	)		(35,799	)		(41,226	)
End of period reserves	$	269,370		$	305,469		$	341,251