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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
reportable_segment
Jun. 30, 2019
USD ($)
Segment Reporting [Abstract]        
Number of reportable segments | reportable_segment     2  
Segment Information [Line Items]        
Net premiums earned $ 1,104,003 $ 1,123,607 $ 2,192,628 $ 2,257,819
Other insurance related income (loss) 1,996 2,925 (6,710) 9,852
Net losses and loss expenses (676,261) (672,463) (1,584,335) (1,336,491)
Acquisition costs (228,502) (242,363) (467,152) (502,781)
Expenses (140,652) (165,395) (297,712) (340,486)
Net investment income 45,040 137,949 138,140 245,254
Net investment gains 53,043 21,225 (9,831) 33,996
Foreign exchange (losses) gains (9,709) 12,381 51,974 5,325
Interest expense and financing costs (20,595) (15,607) (44,067) (31,502)
Reorganization expenses (392) (3,276) 591 (18,096)
Amortization of value of business acquired (1,285) (7,194) (3,083) (20,298)
Amortization of intangible assets (2,855) (2,912) (5,725) (5,914)
Income (loss) before income taxes and interest in income (loss) of equity method investments 123,831 188,877 (35,282) 296,678
Operating Segments        
Segment Information [Line Items]        
Gross premiums written 1,716,183 1,647,760 4,147,341 4,230,986
Net premiums written 1,055,934 1,070,321 2,734,978 2,847,381
Net premiums earned 1,104,003 1,123,607 2,192,628 2,257,819
Other insurance related income (loss) 1,996 2,925 (6,710) 9,852
Net losses and loss expenses (676,261) (672,463) (1,584,335) (1,336,491)
Acquisition costs (228,502) (242,363) (467,152) (502,781)
Expenses (113,824) (133,047) (243,786) (271,920)
Underwriting income $ 87,412 $ 78,659 $ (109,355) $ 156,479
Net losses and loss expenses ratio 61.30% 59.80% 72.30% 59.20%
Acquisition cost ratio 20.70% 21.60% 21.30% 22.30%
General and administrative expense ratio 12.70% 14.70% 13.50% 15.00%
Combined ratio 94.70% 96.10% 107.10% 96.50%
Goodwill and intangible assets $ 327,095 $ 353,428 $ 327,095 $ 353,428
Operating Segments | Insurance        
Segment Information [Line Items]        
Gross premiums written 1,037,568 968,325 1,978,283 1,819,421
Net premiums written 602,761 591,909 1,184,411 1,121,149
Net premiums earned 577,019 537,260 1,139,083 1,094,022
Other insurance related income (loss) 755 (695) 1,403 1,046
Net losses and loss expenses (337,367) (308,703) (809,180) (622,479)
Acquisition costs (116,259) (111,655) (229,010) (229,430)
Expenses (89,751) (104,898) (190,529) (210,932)
Underwriting income $ 34,397 $ 11,309 $ (88,233) $ 32,227
Net losses and loss expenses ratio 58.50% 57.50% 71.00% 56.90%
Acquisition cost ratio 20.10% 20.80% 20.10% 21.00%
General and administrative expense ratio 15.60% 19.50% 16.80% 19.20%
Combined ratio 94.20% 97.80% 107.90% 97.10%
Goodwill and intangible assets $ 327,095 $ 353,428 $ 327,095 $ 353,428
Operating Segments | Reinsurance        
Segment Information [Line Items]        
Gross premiums written 678,615 679,435 2,169,058 2,411,565
Net premiums written 453,173 478,412 1,550,567 1,726,232
Net premiums earned 526,984 586,347 1,053,545 1,163,797
Other insurance related income (loss) 1,241 3,620 (8,113) 8,806
Net losses and loss expenses (338,894) (363,760) (775,155) (714,012)
Acquisition costs (112,243) (130,708) (238,142) (273,351)
Expenses (24,073) (28,149) (53,257) (60,988)
Underwriting income $ 53,015 $ 67,350 $ (21,122) $ 124,252
Net losses and loss expenses ratio 64.30% 62.00% 73.60% 61.40%
Acquisition cost ratio 21.30% 22.30% 22.60% 23.50%
General and administrative expense ratio 4.60% 4.80% 5.00% 5.20%
Combined ratio 90.20% 89.10% 101.20% 90.10%
Goodwill and intangible assets $ 0 $ 0 $ 0 $ 0
Corporate Expenses        
Segment Information [Line Items]        
Expenses (26,828) (32,348) (53,926) (68,566)
Segment Reconciling Items        
Segment Information [Line Items]        
Net investment income 45,040 137,949 138,140 245,254
Net investment gains 53,043 21,225 (9,831) 33,996
Foreign exchange (losses) gains (9,709) 12,381 51,974 5,325
Interest expense and financing costs (20,595) (15,607) (44,067) (31,502)
Reorganization expenses (392) (3,276) 591 (18,096)
Amortization of value of business acquired (1,285) (7,194) (3,083) (20,298)
Amortization of intangible assets $ (2,855) $ (2,912) $ (5,725) $ (5,914)