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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Intangible Assets
The table below provides details of goodwill and intangible assets related to the Company's insurance segment:
GoodwillIntangible
assets with an
indefinite life		Intangible
assets with a
finite life		Total
At December 31, 2022
Gross amount$95,890 $120,785 $394,604 $611,279 
Accumulated amortizationn/an/a(306,671)(306,671)
Accumulated translation adjustment4,911 — — 4,911 
100,801 120,785 87,933 309,519 
Amortizationn/an/a(10,917)(10,917)
Impairment charges— — — — 
At December 31, 2023
Gross amount95,890 120,785 394,604 611,279 
Accumulated amortizationn/an/a(317,588)(317,588)
Accumulated translation adjustment4,911 — — 4,911 
100,801 120,785 77,016 298,602 
Amortizationn/an/a(10,917)(10,917)
Impairment charges— — — — 
At December 31, 2024
Gross amount95,890 120,785 394,604 611,279 
Accumulated amortizationn/an/a(328,505)(328,505)
Accumulated translation adjustment4,911 — — 4,911 
100,801 120,785 66,099 287,685 
Amortizationn/an/a(10,917)(10,917)
Impairment charges— — — — 
Tax-related adjustments
(34,303)— — (34,303)
$66,498 $120,785 $55,182 $242,465 
n/a – not applicable
Summary of Finite-Lived Intangible Assets
The tables below provide details of the gross amount and accumulated amortization by category of value of business acquired ("VOBA") and intangible assets:
VOBA and intangible assets
At December 31, 2024
Gross amountAccumulated amortizationTotal
U.S. state licenses$26,036 n/a$26,036 
Syndicate capacity (2)
94,748 n/a94,748 
Customer relationships and customers lists (1)
13,330 (12,993)337 
VOBA(2)
256,942 (256,942)— 
Coverholders (2)
63,565 (38,408)25,157 
Large brokers (2)
46,641 (22,545)24,096 
SME brokers (2)
14,126 (8,533)5,593 
$515,388 $(339,421)$175,967 
n/a – not applicable
(1)    On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC and recognized the definite life intangible assets detailed above.
(2)    On October 2, 2017, the Company acquired Novae and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.

VOBA and intangible assets
At December 31, 2023
Gross amountAccumulated amortizationTotal
U.S. state licenses$26,036 n/a$26,036 
Syndicate capacity (2)
94,748 n/a94,748 
Customer relationships and customers lists (1)
13,330 (11,661)1,669 
VOBA(2)
256,942 (256,942)— 
Coverholders (2)
63,565 (33,110)30,455 
Large brokers (2)
46,641 (19,435)27,206 
SME brokers (2)
14,126 (7,357)6,769 
$515,388 $(328,505)$186,883 
n/a – not applicable
(1)     On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC (renamed AXIS Group Benefits LLC in 2022) and recognized the definite life intangible assets detailed above.
(2)    On October 2, 2017, the Company acquired Novae Group plc ("Novae") and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.
Summary of Indefinite-Lived Intangible Assets
The tables below provide details of the gross amount and accumulated amortization by category of value of business acquired ("VOBA") and intangible assets:
VOBA and intangible assets
At December 31, 2024
Gross amountAccumulated amortizationTotal
U.S. state licenses$26,036 n/a$26,036 
Syndicate capacity (2)
94,748 n/a94,748 
Customer relationships and customers lists (1)
13,330 (12,993)337 
VOBA(2)
256,942 (256,942)— 
Coverholders (2)
63,565 (38,408)25,157 
Large brokers (2)
46,641 (22,545)24,096 
SME brokers (2)
14,126 (8,533)5,593 
$515,388 $(339,421)$175,967 
n/a – not applicable
(1)    On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC and recognized the definite life intangible assets detailed above.
(2)    On October 2, 2017, the Company acquired Novae and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.

VOBA and intangible assets
At December 31, 2023
Gross amountAccumulated amortizationTotal
U.S. state licenses$26,036 n/a$26,036 
Syndicate capacity (2)
94,748 n/a94,748 
Customer relationships and customers lists (1)
13,330 (11,661)1,669 
VOBA(2)
256,942 (256,942)— 
Coverholders (2)
63,565 (33,110)30,455 
Large brokers (2)
46,641 (19,435)27,206 
SME brokers (2)
14,126 (7,357)6,769 
$515,388 $(328,505)$186,883 
n/a – not applicable
(1)     On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC (renamed AXIS Group Benefits LLC in 2022) and recognized the definite life intangible assets detailed above.
(2)    On October 2, 2017, the Company acquired Novae Group plc ("Novae") and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.
Summary of Future Amortization Expense
The table below provides details of estimated amortization expense of intangible assets with a finite life:
Total
2025
$9,921 
2026
9,583 
2027
9,583 
2028
9,583 
2029
7,965 
After 2029
8,547 
Total remaining amortization expense55,182 
Indefinite lived intangible assets120,785 
Total intangible assets$175,967