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SEGMENT INFORMATION - Segment results (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2021
USD ($)
reportableSegment
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Segment Reporting [Abstract]      
Number of reportable segments | reportableSegment 2    
Segment Information [Line Items]      
Gross premiums written $ 7,685,984 $ 6,826,938 $ 6,898,858
Net premiums written 4,926,624 4,336,409 4,489,615
Net premiums earned 4,709,850 4,371,309 4,587,178
Other insurance related income 23,295 (8,089) 16,444
Net losses and loss expenses (3,008,783) (3,281,252) (3,044,798)
Acquisition costs (921,834) (929,517) (1,024,582)
Underwriting-related general and administrative expenses (663,304) (579,790) (634,831)
Net investment income 454,301 349,601 478,572
Net investment gains 134,279 129,133 91,233
Foreign exchange losses (315) (81,069) 12,041
Interest expense and financing costs (62,302) (75,049) (68,107)
Reorganization expenses 0 (7,881) (37,384)
Amortization of value of business acquired (3,854) (5,139) (26,722)
Amortization of intangible assets (12,424) (11,390) (11,597)
Income before income taxes and interest in income of equity method investments 648,909 (129,133) 337,447
Income tax expense (62,384) 12,321 (23,692)
Interest in income of equity method investments 32,084 (3,612) 9,718
Net income (loss) 618,609 (120,424) 323,473
Preferred share dividends 30,250 30,250 41,112
Net income (loss) available (attributable) to common shareholders 588,359 (150,674) 282,361
Goodwill and intangible assets 309,518    
Operating Segments      
Segment Information [Line Items]      
Gross premiums written 7,685,984 6,826,938 6,898,858
Net premiums written 4,926,624 4,336,409 4,489,615
Net premiums earned 4,709,850 4,371,309 4,587,178
Other insurance related income 23,295 (8,089) 16,444
Net losses and loss expenses (3,008,783) (3,281,252) (3,044,798)
Acquisition costs (921,834) (929,517) (1,024,582)
Underwriting-related general and administrative expenses (536,834) (477,968) (505,735)
Underwriting income (loss) $ 265,694 $ (325,517) $ 28,507
Net losses and loss expenses ratio 63.90% 75.10% 66.40%
Acquisition cost ratio 19.60% 21.30% 22.30%
General and administrative expense ratio 14.00% 13.20% 13.90%
Combined ratio 97.50% 109.60% 102.60%
Goodwill and intangible assets $ 309,518 $ 320,434 $ 332,553
Operating Segments | Insurance      
Segment Information [Line Items]      
Gross premiums written 4,863,232 4,018,399 3,675,931
Net premiums written 2,894,885 2,357,501 2,209,155
Net premiums earned 2,651,339 2,299,038 2,190,084
Other insurance related income 1,662 2,647 2,858
Net losses and loss expenses (1,514,998) (1,697,014) (1,278,679)
Acquisition costs (484,344) (461,533) (468,281)
Underwriting-related general and administrative expenses (429,282) (378,839) (401,963)
Underwriting income (loss) $ 224,377 $ (235,701) $ 44,019
Net losses and loss expenses ratio 57.10% 73.80% 58.40%
Acquisition cost ratio 18.30% 20.10% 21.40%
General and administrative expense ratio 16.20% 16.50% 18.30%
Combined ratio 91.60% 110.40% 98.10%
Goodwill and intangible assets $ 309,518 $ 320,434 $ 332,553
Operating Segments | Reinsurance      
Segment Information [Line Items]      
Gross premiums written 2,822,752 2,808,539 3,222,927
Net premiums written 2,031,739 1,978,908 2,280,460
Net premiums earned 2,058,511 2,072,271 2,397,094
Other insurance related income 21,633 (10,736) 13,586
Net losses and loss expenses (1,493,785) (1,584,238) (1,766,119)
Acquisition costs (437,490) (467,984) (556,301)
Underwriting-related general and administrative expenses (107,552) (99,129) (103,772)
Underwriting income (loss) $ 41,317 $ (89,816) $ (15,512)
Net losses and loss expenses ratio 72.60% 76.40% 73.70%
Acquisition cost ratio 21.30% 22.60% 23.20%
General and administrative expense ratio 5.10% 4.80% 4.30%
Combined ratio 99.00% 103.80% 101.20%
Goodwill and intangible assets $ 0 $ 0 $ 0
Significant Reconciling Items      
Segment Information [Line Items]      
Net investment income 454,301 349,601 478,572
Net investment gains 134,279 129,133 91,233
Foreign exchange losses (315) (81,069) 12,041
Interest expense and financing costs (62,302) (75,049) (68,107)
Reorganization expenses 0 (7,881) (37,384)
Amortization of value of business acquired (3,854) (5,139) (26,722)
Amortization of intangible assets (12,424) (11,390) (11,597)
Corporate      
Segment Information [Line Items]      
Underwriting-related general and administrative expenses $ (126,470) $ (101,822) $ (129,096)