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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
reportable_segment
Sep. 30, 2019
USD ($)
Segment Reporting [Abstract]        
Number of reportable segments | reportable_segment     2  
Segment Information [Line Items]        
Net premiums earned $ 1,091,312 $ 1,157,307 $ 3,283,941 $ 3,415,126
Other insurance related income 1,440 1,533 (5,270) 11,385
Net losses and loss expenses (879,677) (850,913) (2,464,012) (2,187,403)
Acquisition costs (230,564) (260,026) (697,716) (762,807)
Expenses (138,823) (155,522) (436,538) (496,008)
Net investment income 101,956 115,763 240,098 361,014
Net investment gains 55,609 14,527 45,777 48,522
Foreign exchange (losses) gains (60,734) 59,543 (8,760) 64,868
Interest expense and financing costs (15,574) (18,042) (59,641) (49,545)
Reorganization expenses (1,413) (11,215) (822) (29,310)
Amortization of value of business acquired (1,028) (4,368) (4,111) (24,666)
Amortization of intangible assets (2,838) (2,831) (8,564) (8,744)
Income (loss) before income taxes and interest in income (loss) of equity method investments (80,334) 45,756 (115,618) 342,432
Operating Segments        
Segment Information [Line Items]        
Gross premiums written 1,331,178 1,406,506 5,478,519 5,637,491
Net premiums written 815,982 856,081 3,550,960 3,703,460
Net premiums earned 1,091,312 1,157,307 3,283,941 3,415,126
Other insurance related income 1,440 1,533 (5,270) 11,385
Net losses and loss expenses (879,677) (850,913) (2,464,012) (2,187,403)
Acquisition costs (230,564) (260,026) (697,716) (762,807)
Expenses (117,835) (126,619) (361,623) (398,540)
Underwriting loss $ (135,324) $ (78,718) $ (244,680) $ 77,761
Net losses and loss expenses ratio 80.60% 73.50% 75.00% 64.10%
Acquisition cost ratio 21.10% 22.50% 21.20% 22.30%
General and administrative expense ratio 12.80% 13.40% 13.40% 14.50%
Combined ratio 114.50% 109.40% 109.60% 100.90%
Goodwill and intangible assets $ 324,365 $ 346,356 $ 324,365 $ 346,356
Operating Segments | Insurance        
Segment Information [Line Items]        
Gross premiums written 935,817 894,902 2,914,100 2,714,322
Net premiums written 544,857 517,050 1,729,268 1,638,197
Net premiums earned 570,184 536,451 1,709,268 1,630,473
Other insurance related income 688 733 2,091 1,779
Net losses and loss expenses (443,389) (338,966) (1,252,569) (961,444)
Acquisition costs (114,569) (115,551) (343,579) (344,981)
Expenses (94,379) (100,559) (284,909) (311,491)
Underwriting loss $ (81,465) $ (17,892) $ (169,698) $ 14,336
Net losses and loss expenses ratio 77.80% 63.20% 73.30% 59.00%
Acquisition cost ratio 20.10% 21.50% 20.10% 21.20%
General and administrative expense ratio 16.50% 18.80% 16.70% 19.00%
Combined ratio 114.40% 103.50% 110.10% 99.20%
Goodwill and intangible assets $ 324,365 $ 346,356 $ 324,365 $ 346,356
Operating Segments | Reinsurance        
Segment Information [Line Items]        
Gross premiums written 395,361 511,604 2,564,419 2,923,169
Net premiums written 271,125 339,031 1,821,692 2,065,263
Net premiums earned 521,128 620,856 1,574,673 1,784,653
Other insurance related income 752 800 (7,361) 9,606
Net losses and loss expenses (436,288) (511,947) (1,211,443) (1,225,959)
Acquisition costs (115,995) (144,475) (354,137) (417,826)
Expenses (23,456) (26,060) (76,714) (87,049)
Underwriting loss $ (53,859) $ (60,826) $ (74,982) $ 63,425
Net losses and loss expenses ratio 83.70% 82.50% 76.90% 68.70%
Acquisition cost ratio 22.30% 23.30% 22.50% 23.40%
General and administrative expense ratio 4.50% 4.10% 4.90% 4.90%
Combined ratio 110.50% 109.90% 104.30% 97.00%
Goodwill and intangible assets $ 0 $ 0 $ 0 $ 0
Corporate Expenses        
Segment Information [Line Items]        
Expenses (20,988) (28,903) (74,915) (97,468)
Segment Reconciling Items        
Segment Information [Line Items]        
Net investment income 101,956 115,763 240,098 361,014
Net investment gains 55,609 14,527 45,777 48,522
Foreign exchange (losses) gains (60,734) 59,543 (8,760) 64,868
Interest expense and financing costs (15,574) (18,042) (59,641) (49,545)
Reorganization expenses (1,413) (11,215) (822) (29,310)
Amortization of value of business acquired (1,028) (4,368) (4,111) (24,666)
Amortization of intangible assets $ (2,838) $ (2,831) $ (8,564) $ (8,744)