XML 92 R82.htm IDEA: XBRL DOCUMENT v3.22.2.2
Municipal Bond Guarantee Insurance - Narrative (Details) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Jan. 31, 2021
Mar. 31, 2021
Jun. 30, 2018
Sep. 30, 2022
Dec. 31, 2022
Sep. 01, 2022
Jan. 31, 2020
Jul. 31, 2012
Guarantor Obligations [Line Items]                    
Percentage of risk premium ceded 60.00%         60.00%        
Insurance-linked securities, term       12 years 12 years          
Insurance-linked securities, callable term       5 years 5 years          
Debt $ 615.5 $ 420.9       $ 615.5        
HG Global                    
Guarantor Obligations [Line Items]                    
Collateral held in supplement trust 833.9 852.0       833.9        
Collateral trusts, investments and cash 457.7 481.7       457.7        
BAM                    
Guarantor Obligations [Line Items]                    
Surplus notes 364.6 364.6       364.6        
Interest receivable 11.6 5.7       11.6        
HG Global                    
Guarantor Obligations [Line Items]                    
Surplus notes $ 503.0         $ 503.0       $ 503.0
Percentage of par value of policy reinsured 15.00%         15.00%        
Percent over a target trust balance           102.00%        
Supplement trust target $ 603.0         $ 603.0        
HG Global | Series A BAM Surplus Note                    
Guarantor Obligations [Line Items]                    
Assets Held-in-trust $ 574.5 601.8       $ 574.5        
HG Global | BAM | Maximum                    
Guarantor Obligations [Line Items]                    
Aggregate losses on ceded business                 $ 125.0  
HG Re                    
Guarantor Obligations [Line Items]                    
Percentage of par value of policy reinsured 15.00%         15.00%        
Assets Held-in-trust $ 259.4 250.2       $ 259.4        
BAM                    
Guarantor Obligations [Line Items]                    
Principal 98,619.0 89,196.5 $ 805.5     98,619.0   $ 42.5    
BAM | HG Global                    
Guarantor Obligations [Line Items]                    
Interest receivable 166.4 157.6       166.4        
BAM | Surplus Note                    
Guarantor Obligations [Line Items]                    
Repayments of unsecured debt   33.8                
Accrued interest payment on surplus notes   9.8                
BAM | Surplus Note | HG Global                    
Guarantor Obligations [Line Items]                    
Debt $ 364.6 364.6       $ 364.6        
BAM | Supplemental Trust                    
Guarantor Obligations [Line Items]                    
Repayments of unsecured debt   23.6                
Accrued interest payment on surplus notes   $ 0.4                
BAM | US Treasury (UST) Interest Rate | Surplus Note                    
Guarantor Obligations [Line Items]                    
Basis spread on variable rate           3.00%        
BAM | Fixed interest rate | Surplus Note                    
Guarantor Obligations [Line Items]                    
Derivative, fixed interest rate (as a percent) 8.00%         8.00%        
BAM | Forecast | US Treasury (UST) Interest Rate | Surplus Note                    
Guarantor Obligations [Line Items]                    
Effective percentage             3.20%      
BAM | Fidus Re Ltd.                    
Guarantor Obligations [Line Items]                    
Secured debt       $ 150.0 $ 100.0          
Aggregate losses on ceded business       135.0 165.0          
Premium receivable, Premium expected to be collected       150.0 100.0          
Percentage of quota share reinsurance agreement 100.00%   100.00%              
BAM | Fidus Re Ltd. | 2018 Covered Portfolio                    
Guarantor Obligations [Line Items]                    
Percentage of financial guaranty policies covered           28.00%        
BAM | Fidus Re Ltd. | 2021 Covered Portfolio                    
Guarantor Obligations [Line Items]                    
Percentage of financial guaranty policies covered           33.00%        
BAM | Fidus Re Ltd. | Maximum                    
Guarantor Obligations [Line Items]                    
Aggregate losses on ceded business       $ 301.7 $ 276.1          
Fidus Re Ltd. | BAM                    
Guarantor Obligations [Line Items]                    
Losses above retention, percentage of liability       90.00% 90.00%