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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
reportable_segment
Jun. 30, 2018
USD ($)
Segment Information [Line Items]        
Number of reportable segments | reportable_segment     2  
Net premiums earned $ 1,123,607 $ 1,185,548 $ 2,257,819 $ 2,352,950
Other insurance related income (losses) 2,925 3,730 9,852 10,335
Net losses and loss expenses (672,463) (706,641) (1,336,491) (1,367,986)
Acquisition costs (242,363) (231,952) (502,781) (461,212)
Expenses (165,395) (165,213) (340,486) (335,049)
Net investment income 137,949 109,960 245,254 210,961
Net investment gains (losses) 21,225 (45,093) 33,996 (59,923)
Operating lease expense 4,061 8,000 11,095 14,000
Foreign exchange gains 12,381 44,099 5,325 6,239
Interest expense and financing costs (15,607) (17,098) (31,502) (33,861)
Transaction and reorganization expenses (3,276) (18,772) (18,096) (31,825)
Amortization of value of business acquired (7,194) (53,407) (20,298) (110,517)
Amortization of intangible assets (2,912) (4,029) (5,914) (6,811)
Income before income taxes and interest in income of equity method investments $ 188,877 $ 101,132 $ 296,678 $ 173,301
Net losses and loss expenses ratio 59.80% 59.60% 59.20% 58.10%
Acquisition cost ratio 21.60% 19.60% 22.30% 19.60%
General and administrative expense ratio 14.70% 13.90% 15.00% 14.30%
Combined ratio 96.10% 93.10% 96.50% 92.00%
Total intangible assets $ 353,428 $ 450,073 $ 353,428 $ 450,073
Operating Segments        
Segment Information [Line Items]        
Gross premiums written 1,647,760 1,650,825 4,230,986 4,313,620
Net premiums written 1,070,321 1,000,455 2,847,381 2,986,326
Net premiums earned 1,123,607 1,185,548 2,257,819 2,352,950
Other insurance related income (losses) 2,925 3,730 9,852 10,335
Net losses and loss expenses (672,463) (706,641) (1,336,491) (1,367,986)
Acquisition costs (242,363) (231,952) (502,781) (461,212)
Expenses (133,047) (134,959) (271,920) (274,624)
Underwriting income 78,659 115,726 156,479 259,463
Operating Segments | Insurance        
Segment Information [Line Items]        
Gross premiums written 968,325 1,026,644 1,819,421 1,907,492
Net premiums written 591,909 598,179 1,121,149 1,146,071
Net premiums earned 537,260 577,271 1,094,022 1,157,330
Other insurance related income (losses) (695) 1,214 1,046 1,833
Net losses and loss expenses (308,703) (328,773) (622,479) (650,312)
Acquisition costs (111,655) (90,864) (229,430) (178,193)
Expenses (104,898) (102,369) (210,932) (204,738)
Underwriting income $ 11,309 $ 56,479 $ 32,227 $ 125,920
Net losses and loss expenses ratio 57.50% 57.00% 56.90% 56.20%
Acquisition cost ratio 20.80% 15.70% 21.00% 15.40%
General and administrative expense ratio 19.50% 17.70% 19.20% 17.70%
Combined ratio 97.80% 90.40% 97.10% 89.30%
Total intangible assets $ 353,428 $ 450,073 $ 353,428 $ 450,073
Operating Segments | Reinsurance        
Segment Information [Line Items]        
Gross premiums written 679,435 624,181 2,411,565 2,406,128
Net premiums written 478,412 402,276 1,726,232 1,840,255
Net premiums earned 586,347 608,277 1,163,797 1,195,620
Other insurance related income (losses) 3,620 2,516 8,806 8,502
Net losses and loss expenses (363,760) (377,868) (714,012) (717,674)
Acquisition costs (130,708) (141,088) (273,351) (283,019)
Expenses (28,149) (32,590) (60,988) (69,886)
Underwriting income $ 67,350 $ 59,247 $ 124,252 $ 133,543
Net losses and loss expenses ratio 62.00% 62.10% 61.40% 60.00%
Acquisition cost ratio 22.30% 23.20% 23.50% 23.70%
General and administrative expense ratio 4.80% 5.40% 5.20% 5.80%
Combined ratio 89.10% 90.70% 90.10% 89.50%
Total intangible assets $ 0 $ 0 $ 0 $ 0
Corporate, Non-Segment        
Segment Information [Line Items]        
Expenses (32,348) (30,254) (68,566) (60,425)
Significant Reconciling Items        
Segment Information [Line Items]        
Net investment income 137,949 109,960 245,254 210,961
Net investment gains (losses) 21,225 (45,093) 33,996 (59,923)
Foreign exchange gains 12,381 44,099 5,325 6,239
Interest expense and financing costs (15,607) (17,098) (31,502) (33,861)
Transaction and reorganization expenses (3,276) (18,772) (18,096) (31,825)
Amortization of value of business acquired (7,194) (53,407) (20,298) (110,517)
Amortization of intangible assets $ (2,912) $ (4,029) $ (5,914) $ (6,811)