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Taxation (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The following is a summary of the Company’s income (loss) before taxes allocated between domestic and foreign operations:
| Year ended December 31, | 2021 |  | 2020 |  | 2019 |
| Domestic |  |  |  |  |  |
| Bermuda | $ | 156,031 |  |  | $ | 1,122,261 |  |  | $ | 861,068 |  |
| Foreign |  |  |  |  |  |
| Singapore | 4,420 |  |  | 16,416 |  |  | (6,334) |  |
| Ireland | 101 |  |  | 1,315 |  |  | (388) |  |
| U.S. | (92,335) |  |  | 286 |  |  | 102,724 |  |
| Australia | 7,148 |  |  | (1,689) |  |  | 3,390 |  |
| Switzerland | (106,249) |  |  | (40,502) |  |  | 14,255 |  |
| U.K. | (83,224) |  |  | (102,167) |  |  | (7,233) |  |
| Income (loss) before taxes | $ | (114,108) |  |  | $ | 995,920 |  |  | $ | 967,482 |  |
Schedule of Components of Income Tax (Expense) Benefit | Income tax (expense) benefit is comprised as follows:
| Year ended December 31, 2021 | Current |  | Deferred |  | Total |
| Total income tax (expense) benefit | $ | (992) |  |  | $ | 11,660 |  |  | $ | 10,668 |  |
| Year ended December 31, 2020 |  |  |  |  |  |
| Total income tax (expense) benefit | $ | (6,313) |  |  | $ | 3,451 |  |  | $ | (2,862) |  |
| Year ended December 31, 2019 |  |  |  |  |  |
| Total income tax (expense) benefit | $ | (2,128) |  |  | $ | (15,087) |  |  | $ | (17,215) |  |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the difference between the provision for income taxes and the expected tax provision at the weighted average tax rate is as follows:
| Year ended December 31, | 2021 |  | 2020 |  | 2019 |
| Expected income tax benefit (expense) | $ | 53,093 |  |  | $ | 25,489 |  |  | $ | (22,874) |  |
| Nondeductible expenses | (334) |  |  | 5,074 |  |  | (7,059) |  |
| Reinsurance adjustment | (4,604) |  |  | — |  |  | — |  |
| Income tax audit adjustment | — |  |  | 3,424 |  |  | — |  |
| Effect of change in tax rate | 14,904 |  |  | 3,055 |  |  | (262) |  |
| Transfer pricing | 224 |  |  | 206 |  |  | 2,503 |  |
| GAAP to statutory accounting difference | — |  |  | — |  |  | 6,553 |  |
| U.S. base erosion and anti-abuse tax | (1,725) |  |  | (36) |  |  | — |  |
| Withholding tax | (1,013) |  |  | (1,822) |  |  | (665) |  |
| Non-taxable loss on sale of RenaissanceRe UK | — |  |  | (6,091) |  |  | — |  |
| Change in valuation allowance | (42,819) |  |  | (13,003) |  |  | (5,481) |  |
| Foreign branch adjustments | (5,491) |  |  | (17,821) |  |  | 7,315 |  |
| Other | (1,567) |  |  | (1,337) |  |  | 2,755 |  |
| Income tax benefit (expense) | $ | 10,668 |  |  | $ | (2,862) |  |  | $ | (17,215) |  |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:
| At December 31, | 2021 |  | 2020 |
| Deferred tax assets |  |  |  |
| Tax loss and credit carryforwards | $ | 149,739 |  |  | $ | 128,561 |  |
| Unearned premiums | 36,962 |  |  | 20,854 |  |
| Reserve for claims and claim expenses | 22,611 |  |  | 14,983 |  |
| Deferred finance charges | 17,962 |  |  | 11,427 |  |
| Deferred underwriting results | 12,483 |  |  | 7,228 |  |
| Accrued expenses | 1,788 |  |  | 4,826 |  |
| Amortization and depreciation | 6,969 |  |  | — |  |
|  | 248,514 |  |  | 187,879 |  |
| Deferred tax liabilities |  |  |  |
| Investments | (2,180) |  |  | (23,598) |  |
| Deferred acquisition expenses | (49,661) |  |  | (23,040) |  |
| Intangible assets | (4,242) |  |  | (1,142) |  |
| Amortization and depreciation | — |  |  | (1,130) |  |
| VOBA | — |  |  | (1,017) |  |
|  | (56,083) |  |  | (49,927) |  |
| Net deferred tax asset (liability) before valuation allowance | 192,431 |  |  | 137,952 |  |
| Valuation allowance | (131,507) |  |  | (88,688) |  |
| Net deferred tax asset (liability) | $ | 60,924 |  |  | $ | 49,264 |  |

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