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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
reportable_segment
Jun. 30, 2020
USD ($)
Segment Reporting [Abstract]        
Number of reportable segments | reportable_segment     2  
Segment Information [Line Items]        
Net premiums earned $ 1,156,941 $ 1,104,003 $ 2,260,663 $ 2,192,628
Other insurance related income 5,817 1,996 8,598 (6,710)
Net losses and loss expenses (666,473) (676,261) (1,381,190) (1,584,335)
Acquisition costs (219,070) (228,502) (437,941) (467,152)
Expenses (162,452) (140,652) (320,860) (297,712)
Net investment income 104,672 45,040 218,836 138,140
Net investment gains 73,293 53,043 102,936 (9,831)
Foreign exchange losses (19,602) (9,709) (23,716) 51,974
Interest expense and financing costs (15,235) (20,595) (30,806) (44,067)
Reorganization expenses 0 (392) 0 591
Amortization of value of business acquired (1,028) (1,285) (2,056) (3,083)
Amortization of intangible assets (3,324) (2,855) (6,013) (5,725)
Income before income taxes and interest in income of equity method investments 253,539 123,831 388,451 (35,282)
Operating Segments        
Segment Information [Line Items]        
Gross premiums written 1,941,186 1,716,183 4,476,667 4,147,341
Net premiums written 1,203,858 1,055,934 2,982,744 2,734,978
Net premiums earned 1,156,941 1,104,003 2,260,663 2,192,628
Other insurance related income 5,817 1,996 8,598 (6,710)
Net losses and loss expenses (666,473) (676,261) (1,381,190) (1,584,335)
Acquisition costs (219,070) (228,502) (437,941) (467,152)
Expenses (128,961) (113,824) (261,629) (243,786)
Underwriting income $ 148,254 $ 87,412 $ 188,501 $ (109,355)
Net losses and loss expenses ratio 57.60% 61.30% 61.10% 72.30%
Acquisition cost ratio 18.90% 20.70% 19.40% 21.30%
General and administrative expense ratio 14.10% 12.70% 14.20% 13.50%
Combined ratio 90.60% 94.70% 94.70% 107.10%
Goodwill and intangible assets $ 315,087 $ 327,095 $ 315,087 $ 327,095
Operating Segments | Insurance        
Segment Information [Line Items]        
Gross premiums written 1,268,472 1,037,568 2,371,670 1,978,283
Net premiums written 712,885 602,761 1,420,699 1,184,411
Net premiums earned 631,675 577,019 1,247,962 1,139,083
Other insurance related income 552 755 967 1,403
Net losses and loss expenses (332,175) (337,367) (689,072) (809,180)
Acquisition costs (106,963) (116,259) (224,642) (229,010)
Expenses (99,569) (89,751) (202,872) (190,529)
Underwriting income $ 93,520 $ 34,397 $ 132,343 $ (88,233)
Net losses and loss expenses ratio 52.60% 58.50% 55.20% 71.00%
Acquisition cost ratio 16.90% 20.10% 18.00% 20.10%
General and administrative expense ratio 15.80% 15.60% 16.30% 16.80%
Combined ratio 85.30% 94.20% 89.50% 107.90%
Goodwill and intangible assets $ 315,087 $ 327,095 $ 315,087 $ 327,095
Operating Segments | Reinsurance        
Segment Information [Line Items]        
Gross premiums written 672,714 678,615 2,104,997 2,169,058
Net premiums written 490,973 453,173 1,562,045 1,550,567
Net premiums earned 525,266 526,984 1,012,701 1,053,545
Other insurance related income 5,265 1,241 7,631 (8,113)
Net losses and loss expenses (334,298) (338,894) (692,118) (775,155)
Acquisition costs (112,107) (112,243) (213,299) (238,142)
Expenses (29,392) (24,073) (58,757) (53,257)
Underwriting income $ 54,734 $ 53,015 $ 56,158 $ (21,122)
Net losses and loss expenses ratio 63.60% 64.30% 68.30% 73.60%
Acquisition cost ratio 21.30% 21.30% 21.10% 22.60%
General and administrative expense ratio 5.70% 4.60% 5.80% 5.00%
Combined ratio 90.60% 90.20% 95.20% 101.20%
Goodwill and intangible assets $ 0 $ 0 $ 0 $ 0
Corporate Expenses        
Segment Information [Line Items]        
Expenses (33,491) (26,828) (59,231) (53,926)
Segment Reconciling Items        
Segment Information [Line Items]        
Net investment income 104,672 45,040 218,836 138,140
Net investment gains 73,293 53,043 102,936 (9,831)
Foreign exchange losses (19,602) (9,709) (23,716) 51,974
Interest expense and financing costs (15,235) (20,595) (30,806) (44,067)
Reorganization expenses 0 (392) 0 591
Amortization of value of business acquired (1,028) (1,285) (2,056) (3,083)
Amortization of intangible assets $ (3,324) $ (2,855) $ (6,013) $ (5,725)