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REINSURANCE (Tables)
3 Months Ended
Mar. 31, 2023
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on net claims and claim expenses incurred:
Three months ended
March 31,
2023
March 31,
2022
Premiums Written
Direct$172,696 $301,105 
Assumed2,617,565 2,641,859 
Ceded(526,558)(777,747)
Net premiums written$2,263,703 $2,165,217 
Premiums Earned
Direct$254,019 $242,761 
Assumed1,843,669 1,690,268 
Ceded(417,138)(446,604)
Net premiums earned$1,680,550 $1,486,425 
Claims and Claim Expenses
Gross claims and claim expenses incurred$959,704 $1,017,555 
Claims and claim expenses recovered(158,504)(175,822)
Net claims and claim expenses incurred$801,200 $841,733 
Schedule of Activity in the Allowance Recorded Against Premium Receivables The following table provides a roll forward of the provision for current expected credit losses of the Company’s premiums receivable:
Three months ended
March 31, 2023March 31, 2022
Beginning balance$4,606 $2,776 
Provision for (release of) allowance(1,235)— 
Ending balance$3,371 $2,776 
Schedule of Activity in the Allowance Recorded Against Reinsurance Recoverable The following table provides a roll forward of the provision for current expected credit losses of the Company’s reinsurance recoverable:
Three months ended
March 31, 2023March 31, 2022
Beginning balance$12,169 $8,344 
Provision for (release of) allowance(665)— 
Ending balance$11,504 $8,344