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REINSURANCE (Tables) | 6 Months Ended
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Jun. 30, 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 |  | Six months ended |
|  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023 |
| Premiums Written |  |  |  |  |  |  |  |
| Direct | $ | 298,787 |  |  | $ | 278,695 |  |  | $ | 619,444 |  |  | $ | 451,391 |  |
| Assumed | 3,126,708 |  |  | 2,372,926 |  |  | 6,796,735 |  |  | 4,990,491 |  |
| Ceded | (586,984) |  |  | (455,818) |  |  | (1,378,095) |  |  | (982,376) |  |
| Net premiums written | $ | 2,838,511 |  |  | $ | 2,195,803 |  |  | $ | 6,038,084 |  |  | $ | 4,459,506 |  |
| Premiums Earned |  |  |  |  |  |  |  |
| Direct | $ | 259,581 |  |  | $ | 281,437 |  |  | $ | 539,323 |  |  | $ | 535,456 |  |
| Assumed | 2,717,610 |  |  | 1,903,299 |  |  | 5,314,808 |  |  | 3,746,968 |  |
| Ceded | (435,876) |  |  | (399,474) |  |  | (868,906) |  |  | (816,612) |  |
| Net premiums earned | $ | 2,541,315 |  |  | $ | 1,785,262 |  |  | $ | 4,985,225 |  |  | $ | 3,465,812 |  |
| Claims and Claim Expenses |  |  |  |  |  |  |  |
| Gross claims and claim expenses incurred | $ | 1,459,511 |  |  | $ | 1,089,656 |  |  | $ | 2,619,134 |  |  | $ | 2,049,360 |  |
| Claims and claim expenses recovered | (150,009) |  |  | (158,445) |  |  | (143,509) |  |  | (316,949) |  |
| Net claims and claim expenses incurred | $ | 1,309,502 |  |  | $ | 931,211 |  |  | $ | 2,475,625 |  |  | $ | 1,732,411 |  |
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 |  | Six months ended |
|  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023 |
| Beginning balance | $ | 4,964 |  |  | $ | 3,371 |  |  | $ | 3,514 |  |  | $ | 4,606 |  |
| Provision for (release of) allowance | (418) |  |  | (220) |  |  | 1,032 |  |  | (1,455) |  |
| Ending balance | $ | 4,546 |  |  | $ | 3,151 |  |  | $ | 4,546 |  |  | $ | 3,151 |  |
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 |  | Six months ended |
|  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023 |
| Beginning balance | $ | 11,989 |  |  | $ | 11,504 |  |  | $ | 13,280 |  |  | $ | 12,169 |  |
| Provision for (release of) allowance | 1,593 |  |  | (48) |  |  | 302 |  |  | (713) |  |
| Ending balance | $ | 13,582 |  |  | $ | 11,456 |  |  | $ | 13,582 |  |  | $ | 11,456 |  |

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