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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Preferred shares
At December 31, 2019 and 2018, the Company's issued and outstanding redeemable preferred shares, each with a par value of $1.00 per share, were as follows (in millions of U.S. dollars, except number of shares and percentage amounts):
 
Series F
 
Series G
 
Series H
 
Series I
 
Total
Date of issuance
 February 2013

 
May 2016

 
May 2016

 
May 2016

 
 
Number of preferred shares outstanding
2,679,426

 
6,415,264

 
11,753,798

 
7,320,574

 
28,169,062

Annual dividend rate
5.875
%
 
6.5
%
 
7.25
%
 
5.875
%
 
 
Underwriting discounts and commissions (1)
$
2.3

 
$
5.4

 
$
9.5

 
$
6.4

 
$
23.6

Aggregate liquidation value, at $25 per share
$
67.0

 
$
160.4

 
$
293.8

 
$
183.0

 
$
704.2

 
(1)
Underwriting discounts and commissions represent the original amounts paid to issue Series D, E and F shares. These amounts were reallocated on a pro-rata basis between the previously issued and the newly issued shares as a result of the share exchange in May 2016 for $nil consideration described below.