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Reserve for Losses and Loss Adjustment Expenses - Reconciliation of beginning and ending balances of losses and loss adjustment reserves (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]    
Reserve for losses and loss adjustment expenses at beginning of period $ 16,513,929 $ 13,891,842
Unpaid losses and loss adjustment expenses recoverable 4,314,855 4,082,650
Net reserve for losses and loss adjustment expenses at beginning of period 12,199,074 9,809,192
Net incurred losses and loss adjustment expenses relating to losses occurring in:    
Current year 1,244,772 1,134,442
Prior years (41,672) (19,023)
Total net incurred losses and loss adjustment expenses 1,203,100 1,115,419
Retroactive reinsurance transaction [1] (183,893) 60,635
Net foreign exchange (gains) losses (46,877) (142,573)
Net paid losses and loss adjustment expenses relating to losses occurring in:    
Current year (58,984) (41,260)
Prior years (585,118) (561,947)
Total net paid losses and loss adjustment expenses (644,102) (603,207)
Net reserve for losses and loss adjustment expenses at end of period 12,527,302 10,239,466
Unpaid losses and loss adjustment expenses recoverable 3,916,650 4,070,114
Reserve for losses and loss adjustment expenses at end of period $ 16,443,952 $ 14,309,580
[1] During 2021 first quarter, the Company entered into a reinsurance to close and other related agreements with Premia Managing Agency Limited (“Premia”), in connection with the 2018 and prior years of account related to the acquisition of Barbican Group Holdings Limited (“Barbican”). During the 2020 first quarter, the Company entered into a reinsurance to close agreement of the 2017 and prior years of account previously covered by a third party arrangement.