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Reserves for Losses and Loss Adjustment Expenses (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense
The following table presents a reconciliation of reserves for losses and loss adjustment expenses for the years ended December 31, 2025, 2024 and 2023:
202520242023
Reserves for losses and loss adjustment expenses, beginning of year$3,134.3 $2,448.9 $2,045.2 
Reinsurance recoverable on reserves for losses and loss adjustment expenses(1,255.6)(1,108.6)(976.1)
Net reserves for losses and loss adjustment expenses, beginning of year1,878.7 1,340.3 1,069.1 
Net losses and loss adjustment expenses incurred in respect of losses occurring in:
Current year1,092.8 1,031.2 761.7 
Prior years(3.0)124.6 (62.9)
Total incurred1,089.8 1,155.8 698.8 
Net losses and loss adjustment expenses paid in respect of losses occurring in:
Current year(268.5)(188.4)(110.1)
Prior years(1,314.2)(406.8)(329.4)
Total paid(1,582.7)(595.2)(439.5)
Foreign exchange25.7 (22.2)11.9 
Net reserves for losses and loss adjustment expenses, end of year1,411.5 1,878.7 1,340.3 
Reinsurance recoverable on reserves for losses and loss adjustment expenses1,195.6 1,255.6 1,108.6 
Reserves for losses and loss adjustment expenses, end of year
$2,607.1 $3,134.3 $2,448.9 
The table below reconciles the loss development information to the Group’s reserves for losses and loss adjustment expenses at December 31, 2025 and 2024:
20252024
Reserves for losses and loss adjustment expenses, net of reinsurance
Insurance$1,147.2 $1,611.8 
Reinsurance238.6 237.6 
Total reserves for losses and loss adjustment expenses, net of reinsurance1,385.8 1,849.4 
Reinsurance recoverable on reserves for losses and loss adjustment expenses
Insurance939.2 879.5 
Reinsurance256.4 376.1 
Total reinsurance recoverable on reserves for losses and loss adjustment expenses1,195.6 1,255.6 
Unallocated loss adjustment expenses25.7 29.3 
Total gross reserves for losses and loss adjustment expenses$2,607.1 $3,134.3 
Schedule of Short-Duration Insurance Contracts, Claims Development
Insurance
Incurred losses and loss adjustment expenses – net of reinsurance
Accident Year2016201720182019202020212022202320242025Total of IBNR
plus expected development on reported losses
<-------------------------------------------------------------------- Unaudited ------------------------------------------------------------->
2016$19.2 $11.2 $9.4 $8.4 $7.0 $4.3 $3.8 $4.0 $3.7 $3.7 $0.1 
201724.516.912.711.611.29.99.49.610.31.0
201845.037.731.630.028.120.918.720.2(9.7)
201968.850.357.761.773.168.068.41.6
2020161.8121.9130.8127.5130.1122.3(61.1)
2021310.3260.9279.6262.0266.2(2.0)
2022678.4660.51,027.81,358.1(69.6)
2023674.6504.5505.032.1
2024907.5655.3139.9
2025921.8547.8
Total$3,931.3 $580.1 
Cumulative paid losses and loss adjustment expenses - net of reinsurance
Accident Year2016201720182019202020212022202320242025
<-------------------------------------------------------------------- Unaudited ------------------------------------------------------------->
2016$— $2.9 $3.8 $4.0 $4.1 $3.7 $3.6 $3.6 $3.6 $3.6 
2017—2.44.26.17.97.67.47.57.8
20180.55.813.021.520.924.626.627.6
20197.123.224.336.649.259.060.2
202026.6212.3216.2168.0164.7173.9
202144.6123.5188.1213.7241.0
202261.9218.8412.71,376.8
202389.5260.2380.7
2024158.5306.3
2025209.5
Total2,787.4
Reserve FX3.3
ULAE20.8
Liabilities for losses and loss adjustment expenses, net of reinsurance$1,168.0 
Reinsurance
Incurred losses and loss adjustment expenses – net of reinsurance
Accident Year2016201720182019202020212022202320242025Total of IBNR
plus expected development on reported losses
<-------------------------------------------------------------------- Unaudited ------------------------------------------------------------->
2016$74.1 $61.3 $54.0 $48.7 $45.0 $41.1 $40.9 $33.0 $33.1 $33.2 $0.1 
201787.158.751.655.653.055.450.847.445.43.9
201881.890.892.691.284.368.664.963.6(1.0)
201946.447.447.148.539.938.137.31.6
2020193.0226.7245.3241.6245.8237.98.8
2021369.7401.5399.0383.1366.415.1
2022176.4150.4147.8149.624.1
202389.752.052.03.9
2024121.767.913.9
2025175.380.6
Total$1,228.6 $151.0 
Cumulative paid losses and loss adjustment expenses - net of reinsurance
Accident Year2016201720182019202020212022202320242025
<-------------------------------------------------------------------- Unaudited ------------------------------------------------------------->
2016$2.1 $12.0 $20.2 $21.6 $21.8 $22.5 $22.7 $22.9 $33.0 $33.0 
201726.545.047.052.352.734.838.038.539.6
201823.818.942.755.268.363.963.063.4
20193.035.837.436.334.834.535.3
202056.5140.2172.8195.1200.4223.6
2021164.7305.9370.7353.1349.3
202221.979.994.098.6
202322.636.541.5
202432.143.6
202559.0
986.9
Reserve FX(3.1)
ULAE4.9
Liabilities for losses and loss adjustment expenses, net of reinsurance$243.5 
Schedule of Short-Duration Insurance Contracts, Schedule of Historical Claims Duration
The following table presents the Group’s historical average annual percentage payout of losses and loss adjustment expenses incurred, net of reinsurance by age at December 31, 2025:
Year 1Year 2Year 3Year 4
Year 5
Year 6Year 7
<------------------------------------------------------------- Unaudited -------------------------------------------------------------->
Insurance15 %25 %17 %52 %8 %10 %3 %
Reinsurance34 %35 %15 %3 %2 %— %2 %