COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Letters of Credit Facilities

At September 30, 2017, the Company had the following letter of credit facilities, which automatically renew each year unless terminated by either party in accordance with the applicable required notice period:

	Facility		Termination Date	Notice period required for termination
	($ in thousands)
Butterfield Bank (Cayman) Limited	$	100,000	June 30, 2018	90 days prior to termination date
Citibank Europe plc	400,000		October 11, 2018	120 days prior to termination date
JP Morgan Chase Bank N.A.	100,000		January 27, 2018	120 days prior to termination date
	$	600,000

Schedule of Commitments and Contingencies, Fiscal Year Maturity Schedule

Schedule of Commitments and Contingencies

The following is a schedule of future minimum payments required under the above commitments: 

	2017		2018		2019		2020		2021		Thereafter		Total
	($ in thousands)
Operating lease obligations	$	154	$	388	$	155	$	155	$	58	$	—	$	910
Private equity and limited partnerships (1)	7,214		—		—		—		—		—		7,214
	$	7,368	$	388	$	155	$	155	$	58	$	—	$	8,124

⁽¹⁾ Given the nature of these investments, the Company is unable to determine with any degree of accuracy when these commitments will be called. Therefore, for purposes of the above table, the Company has assumed that all commitments with no fixed payment schedules will be called during the year ending December 31, 2017.