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REINSURANCE - Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 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