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REINSURANCE (Tables) | 12 Months Ended
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Dec. 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:
| Year ended December 31, | 2024 |  | 2023 |  | 2022 |
| Premiums Written |  |  |  |  |  |
| Direct | $ | 1,197,360 |  |  | $ | 865,771 |  |  | $ | 1,264,410 |  |
| Assumed | 10,535,706 |  |  | 7,996,595 |  |  | 7,949,130 |  |
| Ceded | (1,780,850) |  |  | (1,394,553) |  |  | (2,017,380) |  |
| Net premiums written | $ | 9,952,216 |  |  | $ | 7,467,813 |  |  | $ | 7,196,160 |  |
| Premiums Earned |  |  |  |  |  |
| Direct | $ | 1,097,726 |  |  | $ | 1,013,372 |  |  | $ | 1,105,164 |  |
| Assumed | 10,815,336 |  |  | 8,072,193 |  |  | 7,079,632 |  |
| Ceded | (1,817,302) |  |  | (1,614,432) |  |  | (1,850,807) |  |
| Net premiums earned | $ | 10,095,760 |  |  | $ | 7,471,133 |  |  | $ | 6,333,989 |  |
| Claims and Claim Expenses |  |  |  |  |  |
| Gross claims and claim expenses incurred | $ | 5,629,756 |  |  | $ | 3,950,362 |  |  | $ | 5,851,140 |  |
| Claims and claim expenses recovered | (296,775) |  |  | (376,853) |  |  | (1,512,300) |  |
| Net claims and claim expenses incurred | $ | 5,332,981 |  |  | $ | 3,573,509 |  |  | $ | 4,338,840 |  |
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:
| Year ended December 31, | 2024 |  | 2023 |
| Beginning balance | $ | 3,514 |  |  | $ | 4,606 |  |
| Provision for (release of) allowance | 1,117 |  |  | (2,788) |  |
| Amounts acquired (1) | — |  |  | 1,696 |  |
| Ending balance | $ | 4,631 |  |  | $ | 3,514 |  |
(1)Represents Validus’ provision for current expected credit losses on premiums receivable, acquired November 1, 2023.
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:
| Year ended December 31, | 2024 |  | 2023 |
| Beginning balance | $ | 13,279 |  |  | $ | 12,169 |  |
| Provision for (release of) allowance | (1,549) |  |  | (3,644) |  |
| Amounts acquired (1) | — |  |  | 4,754 |  |
| Ending balance | $ | 11,730 |  |  | $ | 13,279 |  |
(1)Represents Validus’ provision for current expected credit losses on reinsurance recoverable, acquired November 1, 2023.

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