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REINSURANCE (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 |  | March 31, 2023 |  |  |  |  |
| Premiums Written |  |  |  |  |  |  |  |
| Direct | $ | 320,657 |  |  | $ | 172,696 |  |  |  |  |  |
| Assumed | 3,670,027 |  |  | 2,617,565 |  |  |  |  |  |
| Ceded | (791,111) |  |  | (526,558) |  |  |  |  |  |
| Net premiums written | $ | 3,199,573 |  |  | $ | 2,263,703 |  |  |  |  |  |
| Premiums Earned |  |  |  |  |  |  |  |
| Direct | $ | 279,742 |  |  | $ | 254,019 |  |  |  |  |  |
| Assumed | 2,597,198 |  |  | 1,843,669 |  |  |  |  |  |
| Ceded | (433,030) |  |  | (417,138) |  |  |  |  |  |
| Net premiums earned | $ | 2,443,910 |  |  | $ | 1,680,550 |  |  |  |  |  |
| Claims and Claim Expenses |  |  |  |  |  |  |  |
| Gross claims and claim expenses incurred | $ | 1,159,623 |  |  | $ | 959,704 |  |  |  |  |  |
| Claims and claim expenses recovered | 6,500 |  |  | (158,504) |  |  |  |  |  |
| Net claims and claim expenses incurred | $ | 1,166,123 |  |  | $ | 801,200 |  |  |  |  |  |
Schedule of Provision for Current Expected Credit Losses of Premiums Receivable | 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, 2024 |  | March 31, 2023 |  |  |  |  |
| Beginning balance | $ | 3,514 |  |  | $ | 4,606 |  |  |  |  |  |
| Provision for (release of) allowance | 1,450 |  |  | (1,235) |  |  |  |  |  |
| Ending balance | $ | 4,964 |  |  | $ | 3,371 |  |  |  |  |  |
Schedule of Provision for Current Expected Credit Losses of 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, 2024 |  | March 31, 2023 |  |  |  |  |
| Beginning balance | $ | 13,280 |  |  | $ | 12,169 |  |  |  |  |  |
| Provision for (release of) allowance | (1,291) |  |  | (665) |  |  |  |  |  |
| Ending balance | $ | 11,989 |  |  | $ | 11,504 |  |  |  |  |  |

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