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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
reportable_segment
Sep. 30, 2018
USD ($)
Segment Reporting [Abstract]        
Number of reportable segments | reportable_segment     2  
Segment Information [Line Items]        
Net premiums earned $ 1,157,307 $ 1,224,075 $ 3,415,126 $ 3,577,026
Other insurance related income 1,533 8,475 11,385 18,811
Net losses and loss expenses (850,913) (794,959) (2,187,403) (2,162,945)
Acquisition costs (260,026) (248,314) (762,807) (709,527)
Expenses (155,522) (154,894) (496,008) (489,944)
Net investment income 115,763 114,421 361,014 325,380
Net investment gains (losses) 14,527 (17,628) 48,522 (77,551)
Foreign exchange (losses) gains 59,543 (8,305) 64,868 (2,066)
Interest expense and financing costs (18,042) (16,897) (49,545) (50,758)
Transaction and reorganization expenses (11,215) (16,300) (29,310) (48,125)
Amortization of value of business acquired (4,368) (39,018) (24,666) (149,535)
Amortization of intangible assets (2,831) (1,753) (8,744) (8,564)
Income before income taxes and interest in income of equity method investments 45,756 48,903 342,432 222,202
Operating Segments        
Segment Information [Line Items]        
Gross premiums written 1,406,506 1,423,707 5,637,491 5,737,327
Net premiums written 856,081 919,938 3,703,460 3,906,264
Net premiums earned 1,157,307 1,224,075 3,415,126 3,577,026
Other insurance related income 1,533 8,475 11,385 18,811
Net losses and loss expenses (850,913) (794,959) (2,187,403) (2,162,945)
Acquisition costs (260,026) (248,314) (762,807) (709,527)
Expenses (126,619) (130,251) (398,540) (404,875)
Underwriting income (loss) $ (78,718) $ 59,026 $ 77,761 $ 318,490
Net losses and loss expenses ratio 73.50% 64.90% 64.10% 60.50%
Acquisition cost ratio 22.50% 20.30% 22.30% 19.80%
General and administrative expense ratio 13.40% 12.70% 14.50% 13.70%
Combined ratio 109.40% 97.90% 100.90% 94.00%
Total intangible assets $ 346,356 $ 408,441 $ 346,356 $ 408,441
Operating Segments | Insurance        
Segment Information [Line Items]        
Gross premiums written 894,902 969,364 2,714,322 2,876,856
Net premiums written 517,050 602,070 1,638,197 1,748,142
Net premiums earned 536,451 614,795 1,630,473 1,772,126
Other insurance related income 733 1,526 1,779 3,359
Net losses and loss expenses (338,966) (415,488) (961,444) (1,065,799)
Acquisition costs (115,551) (111,888) (344,981) (290,082)
Expenses (100,559) (100,656) (311,491) (305,394)
Underwriting income (loss) $ (17,892) $ (11,711) $ 14,336 $ 114,210
Net losses and loss expenses ratio 63.20% 67.60% 59.00% 60.10%
Acquisition cost ratio 21.50% 18.20% 21.20% 16.40%
General and administrative expense ratio 18.80% 16.40% 19.00% 17.20%
Combined ratio 103.50% 102.20% 99.20% 93.70%
Total intangible assets $ 346,356 $ 408,441 $ 346,356 $ 408,441
Operating Segments | Reinsurance        
Segment Information [Line Items]        
Gross premiums written 511,604 454,343 2,923,169 2,860,471
Net premiums written 339,031 317,868 2,065,263 2,158,122
Net premiums earned 620,856 609,280 1,784,653 1,804,900
Other insurance related income 800 6,949 9,606 15,452
Net losses and loss expenses (511,947) (379,471) (1,225,959) (1,097,146)
Acquisition costs (144,475) (136,426) (417,826) (419,445)
Expenses (26,060) (29,595) (87,049) (99,481)
Underwriting income (loss) $ (60,826) $ 70,737 $ 63,425 $ 204,280
Net losses and loss expenses ratio 82.50% 62.30% 68.70% 60.80%
Acquisition cost ratio 23.30% 22.40% 23.40% 23.20%
General and administrative expense ratio 4.10% 4.80% 4.90% 5.50%
Combined ratio 109.90% 89.50% 97.00% 89.50%
Total intangible assets $ 0 $ 0 $ 0 $ 0
Corporate Expenses        
Segment Information [Line Items]        
Expenses (28,903) (24,643) (97,468) (85,069)
Segment Reconciling Items        
Segment Information [Line Items]        
Net investment income 115,763 114,421 361,014 325,380
Net investment gains (losses) 14,527 (17,628) 48,522 (77,551)
Foreign exchange (losses) gains 59,543 (8,305) 64,868 (2,066)
Interest expense and financing costs (18,042) (16,897) (49,545) (50,758)
Transaction and reorganization expenses (11,215) (16,300) (29,310) (48,125)
Amortization of value of business acquired (4,368) (39,018) (24,666) (149,535)
Amortization of intangible assets $ (2,831) $ (1,753) $ (8,744) $ (8,564)