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REINSURANCE (Tables)
 12 Months Ended
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 31,202420232022
Premiums Written
Direct$1,197,360 $865,771 $1,264,410 
Assumed10,535,706 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 
Assumed10,815,336 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 31,20242023
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 31,20242023
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.