GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2018

The table below provides details of goodwill and intangible assets related to the Company's insurance segment:




	Goodwill		Intangible assets with an indefinite life		Intangible assets with a finite life			Total

Balance at December 31, 2016
Gross amount	$	42,237	$	26,036	$	23,030		$	91,303
Accumulated amortization	n/a		n/a		(9,356		)	(9,356		)
Accumulated translation adjustment	4,911		—		—			4,911
	47,148		26,036		13,674			86,858
Amortization	n/a		n/a		(1,809		)	(1,809		)
Balance at December 31, 2017
Gross amount ⁽¹⁾	42,237		26,036		23,030			91,303
Accumulated amortization ⁽¹⁾	n/a		n/a		(11,165		)	(11,165		)
Accumulated translation adjustment	4,911		—		—			4,911
	47,148		26,036		11,865			85,049
Acquired during the year	54,855		94,748		387,545			537,148
Amortization	n/a		n/a		(55,369		)	(55,369		)
Balance at December 31, 2018
Gross amount	$	97,092	$	120,784	$	410,575		$	628,451
Accumulated amortization	n/a		n/a		(66,534		)	(66,534		)
Accumulated translation adjustment	4,911		—		—			4,911
	102,003		120,784		344,041			566,828
Amortization	n/a		n/a		(184,043		)	(184,043		)
Impairment charge	—		—		(3,500		)	(3,500		)
	$	102,003	$	120,784	$	156,498		$	379,285

n/a – not applicable

The tables below provide details of the gross amount and accumulated amortization by category of VOBA and intangible assets:



	VOBA and intangible assets
Balance At December 31, 2018	Gross amount		Accumulated amortization and impairment			Total

U.S. state licenses	$	26,036	n/a			$	26,036
Customer lists, trademark and non-compete - Media Pro	9,700		(9,598		)	102
Customer relationships and customers lists - Ternian	13,330		(4,999		)	8,331
VOBA - Aviabel	2,140		(2,140		)	—
VOBA - Novae	256,942		(221,228		)	35,714
Syndicate capacity	94,748		n/a			94,748
Coverholders	63,565		(6,622		)	56,943
Large brokers	46,641		(3,888		)	42,753
SME brokers	14,126		(1,471		)	12,655
MGA contract⁽¹⁾	4,131		(4,131		)	—
	$	531,359	$	(254,077	)	$	277,282


(1)	During the year ended December 31, 2018, an impairment charge of $3,500 was recognized related to the termination of the MGA contract intangible asset identified in connection with the acquisition of Novae.



	VOBA and Intangible assets
Balance At December 31, 2017	Gross amount		Accumulated amortization			Total

U.S. state licenses	$	26,036	n/a			$	26,036
Customer lists, trademark and non-compete - Media Pro	9,700		(9,244		)	456
Customer relationships and customers lists - Ternian	13,330		(3,666		)	9,664
VOBA - Aviabel	2,140		(977		)	1,163
VOBA - Novae	256,942		(50,104		)	206,838
Syndicate capacity	94,748		n/a			94,748
Coverholders	63,565		(1,324		)	62,241
Large brokers	46,641		(777		)	45,864
SME brokers	14,126		(294		)	13,832
MGA contract	4,131		(148		)	3,983
	$	531,359	$	(66,534	)	$	464,825

The tables below provide details of the gross amount and accumulated amortization by category of VOBA and intangible assets:



	VOBA and intangible assets
Balance At December 31, 2018	Gross amount		Accumulated amortization and impairment			Total

U.S. state licenses	$	26,036	n/a			$	26,036
Customer lists, trademark and non-compete - Media Pro	9,700		(9,598		)	102
Customer relationships and customers lists - Ternian	13,330		(4,999		)	8,331
VOBA - Aviabel	2,140		(2,140		)	—
VOBA - Novae	256,942		(221,228		)	35,714
Syndicate capacity	94,748		n/a			94,748
Coverholders	63,565		(6,622		)	56,943
Large brokers	46,641		(3,888		)	42,753
SME brokers	14,126		(1,471		)	12,655
MGA contract⁽¹⁾	4,131		(4,131		)	—
	$	531,359	$	(254,077	)	$	277,282


(1)	During the year ended December 31, 2018, an impairment charge of $3,500 was recognized related to the termination of the MGA contract intangible asset identified in connection with the acquisition of Novae.



	VOBA and Intangible assets
Balance At December 31, 2017	Gross amount		Accumulated amortization			Total

U.S. state licenses	$	26,036	n/a			$	26,036
Customer lists, trademark and non-compete - Media Pro	9,700		(9,244		)	456
Customer relationships and customers lists - Ternian	13,330		(3,666		)	9,664
VOBA - Aviabel	2,140		(977		)	1,163
VOBA - Novae	256,942		(50,104		)	206,838
Syndicate capacity	94,748		n/a			94,748
Coverholders	63,565		(1,324		)	62,241
Large brokers	46,641		(777		)	45,864
SME brokers	14,126		(294		)	13,832
MGA contract	4,131		(148		)	3,983
	$	531,359	$	(66,534	)	$	464,825

The table below provides details of estimated amortization expense of VOBA and intangible assets with a finite life:




	VOBA		Intangible assets		Total
2019	26,722		11,017		37,739
2020	5,139		10,916		16,055
2021	3,853		10,916		14,769
2022	—		10,916		10,916
2023	—		10,916		10,916
2024 and thereafter	—		66,103		66,103
Total remaining amortization expense	35,714		120,784		156,498
Indefinite lived intangible assets	—		120,784		120,784
Total intangible assets	$	35,714	$	241,568	$	277,282