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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
segment
Mar. 31, 2024
USD ($)
Segment Reporting [Abstract]    
Number of reportable segments | segment 2  
Segment Information [Line Items]    
Net premiums earned $ 1,340,820 $ 1,258,041
Other insurance related income 3,578 8,340
Current accident year net losses and loss expenses (803,862) (728,671)
Net favorable prior year reserve development 17,937 0
Acquisition costs (264,581) (254,254)
Underwriting-related general and administrative expenses (159,163) (163,373)
Net investment income 207,713 167,383
Foreign exchange (losses) gains (57,034) 23,552
Interest expense and financing costs (16,572) (17,147)
Reorganization expenses 0 (12,299)
Amortization of intangible assets (2,729) (2,729)
Income before income taxes and interest in income of equity method investments 236,102 269,636
Income tax (expense) benefit (44,322) 124,654
Interest in income of equity method investments 2,291 1,169
Net income 194,071 395,459
Preferred share dividends 7,563 7,563
Net income available to common shareholders 186,508 387,896
Insurance    
Segment Information [Line Items]    
Net favorable prior year reserve development 13,978 0
Reinsurance    
Segment Information [Line Items]    
Net favorable prior year reserve development 3,959 0
Operating Segments    
Segment Information [Line Items]    
Gross premiums written 2,794,652 2,654,427
Net premiums written 1,750,039 1,722,073
Net premiums earned 1,340,820 1,258,041
Other insurance related income 3,578 8,340
Current accident year net losses and loss expenses (803,862) (728,671)
Net favorable prior year reserve development 17,937 0
Acquisition costs (264,581) (254,254)
Underwriting-related general and administrative expenses (130,438) (137,793)
Underwriting income $ 163,454 $ 145,663
Current accident year loss ratio (as a percent) 60.00% 57.90%
Prior year reserve development ratio (as a percent) (1.40%) 0.00%
Net losses and loss expenses ratio (as a percent) 58.60% 57.90%
Acquisition cost ratio (as a percent) 19.70% 20.20%
General and administrative expense ratio (as a percent) 11.90% 13.00%
Combined ratio (as a percent) 90.20% 91.10%
Goodwill and intangible assets $ 239,736 $ 284,956
Operating Segments | Insurance    
Segment Information [Line Items]    
Gross premiums written 1,655,903 1,574,505
Net premiums written 1,044,580 1,022,354
Net premiums earned 1,010,086 917,946
Other insurance related income 156 21
Current accident year net losses and loss expenses (576,066) (496,864)
Net favorable prior year reserve development 13,978 0
Acquisition costs (194,021) (176,029)
Underwriting-related general and administrative expenses (119,592) (122,087)
Underwriting income $ 134,541 $ 122,987
Current accident year loss ratio (as a percent) 57.00% 54.10%
Prior year reserve development ratio (as a percent) (1.40%) 0.00%
Net losses and loss expenses ratio (as a percent) 55.60% 54.10%
Acquisition cost ratio (as a percent) 19.20% 19.20%
General and administrative expense ratio (as a percent) 11.90% 13.30%
Combined ratio (as a percent) 86.70% 86.60%
Goodwill and intangible assets $ 239,736 $ 284,956
Operating Segments | Reinsurance    
Segment Information [Line Items]    
Gross premiums written 1,138,749 1,079,922
Net premiums written 705,459 699,719
Net premiums earned 330,734 340,095
Other insurance related income 3,422 8,319
Current accident year net losses and loss expenses (227,796) (231,807)
Net favorable prior year reserve development 3,959 0
Acquisition costs (70,560) (78,225)
Underwriting-related general and administrative expenses (10,846) (15,706)
Underwriting income $ 28,913 $ 22,676
Current accident year loss ratio (as a percent) 68.90% 68.20%
Prior year reserve development ratio (as a percent) (1.20%) 0.00%
Net losses and loss expenses ratio (as a percent) 67.70% 68.20%
Acquisition cost ratio (as a percent) 21.30% 23.00%
General and administrative expense ratio (as a percent) 3.30% 4.60%
Combined ratio (as a percent) 92.30% 95.80%
Goodwill and intangible assets $ 0 $ 0
Segment Reconciling Items    
Segment Information [Line Items]    
Net investment income 207,713 167,383
Net investment gains (losses) (30,005) (9,207)
Foreign exchange (losses) gains (57,034) 23,552
Interest expense and financing costs (16,572) (17,147)
Reorganization expenses 0 (12,299)
Amortization of intangible assets (2,729) (2,729)
Corporate expenses    
Segment Information [Line Items]    
Underwriting-related general and administrative expenses $ (28,725) $ (25,580)