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REINSURANCE (Tables)
9 Months Ended
Sep. 30, 2022
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 endedNine months ended
September 30,
2022
September 30,
2021
September 30,
2022
September 30,
2021
Premiums Written
Direct$295,213 $255,148 $935,079 $739,999 
Assumed1,925,448 1,519,032 6,693,185 5,780,781 
Ceded(398,950)(287,740)(1,777,720)(1,697,965)
Net premiums written$1,821,711 $1,486,440 $5,850,544 $4,822,815 
Premiums Earned
Direct$280,389 $216,658 $801,759 $567,161 
Assumed2,006,596 1,798,229 5,307,078 4,669,877 
Ceded(519,964)(508,622)(1,399,008)(1,384,147)
Net premiums earned$1,767,021 $1,506,265 $4,709,829 $3,852,891 
Claims and Claim Expenses
Gross claims and claim expenses incurred$3,096,540 $3,063,826 $4,913,313 $4,980,178 
Claims and claim expenses recovered(1,128,609)(1,265,781)(1,397,410)(1,795,061)
Net claims and claim expenses incurred$1,967,931 $1,798,045 $3,515,903 $3,185,117 
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 endedNine months ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Beginning balance$4,350 $2,776 $2,776 $2,776 
Provision for allowance419 1,574 1,993 1,574 
Ending balance$4,769 $4,350 $4,769 $4,350 
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 endedNine months ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Beginning balance$9,005 $8,344 $8,344 $8,344 
Provision for allowance3,082 661 3,743 661 
Ending balance$12,087 $9,005 $12,087 $9,005