Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities
Net income (loss) before preference dividends	$ (266,608)	$ 52,539
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Net realized and unrealized (gains) losses on investments	290,502	(33,720)
Amortization of fixed assets	1	38
Share-based compensation	610	0
Changes in:
Accrued investment income	(2,329)	2,121
Premiums receivable	(16,272)	(22,686)
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses	(23,069)	(16,703)
Prepaid reinsurance premiums	4,007	(11,374)
Deferred acquisition costs, net	(7,995)	471
Reserve for losses and loss adjustment expenses	60,178	67,964
Unearned premiums	42,654	10,667
Reinsurance balances payable	(6,901)	6,069
Funds held with reinsurers	(2,868)	598
Other liabilities	(27,662)	18,353
Other items	(19,673)	(4,031)
Net Cash Provided By Operating Activities	24,575	70,306
Investing Activities
Purchase of term loans	(86,702)	(72,168)
Purchase of fixed maturity investments	(328,927)	(306,656)
Purchase of short-term investments with maturities over three months	(36,119)	0
Proceeds from sale, redemptions and maturity of term loans	98,992	48,630
Proceeds from sales, redemptions and maturities of fixed maturity investments	215,719	303,076
Proceeds from sales, redemptions and maturities of short-term investments with maturities over three months	5,596	25,000
Net (purchases) sales of short-term investments with maturities less than three months	22,337	504
Purchases of equity securities	(6,388)	(38,399)
Proceeds from sales of equity securities	1,531	7,312
Net settlements of derivative instruments	2,336	824
Purchases of furniture, equipment and other assets	(2)	0
Net Cash Provided by (Used For) Investing Activities	(111,627)	(31,877)
Financing Activities
Dividends paid on redeemable preference shares	(1,148)	(4,816)
Repayments on borrowings	0	(100,102)
Proceeds from borrowings	92,199	59,000
Purchases of common shares under share repurchase program	(2,867)	0
Net Cash Provided By (Used For) Financing Activities	88,184	(45,918)
Effects of exchange rate changes on foreign currency cash	(6,989)	261
Increase (decrease) in cash	(5,857)	(7,228)
Cash and cash equivalents, beginning of period	102,437	63,529
Cash and cash equivalents, end of period	96,580	56,301
Supplementary information
Income taxes paid	0	0
Interest paid	5,422	7,864
Non-cash exchange of investments	$ 13,467	$ 0