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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
UNDERWRITING RESULTS OF REPORTABLE SEGMENTS | The following tables summarize the underwriting results of the reportable segments, as well as the carrying values of allocated goodwill and intangible assets:
| At and year ended December 31, 2017 | Insurance |  | Reinsurance |  | Total |
| Gross premiums written | $ | 3,127,837 |  |  | $ | 2,428,436 |  |  | $ | 5,556,273 |  |
| Net premiums written | 2,087,734 |  |  | 1,939,409 |  |  | 4,027,143 |  |
| Net premiums earned | 2,106,363 |  |  | 2,042,397 |  |  | 4,148,760 |  |
| Other insurance related income (losses) | 3,458 |  |  | (4,698 | ) |  | (1,240 | ) |
| Net losses and loss expenses | (1,661,032 | ) |  | (1,626,740 | ) |  | (3,287,772 | ) |
| Acquisition costs | (332,749 | ) |  | (490,842 | ) |  | (823,591 | ) |
| General and administrative expenses | (344,012 | ) |  | (105,471 | ) |  | (449,483 | ) |
| Underwriting loss | $ | (227,972 | ) |  | $ | (185,354 | ) |  | (413,326 | ) |
| Corporate expenses |  |  |  |  | (129,945 | ) |
| Net investment income |  |  |  |  | 400,805 |  |
| Net realized investment losses |  |  |  |  | 28,226 |  |
| Foreign exchange losses |  |  |  |  | (134,737 | ) |
| Interest expense and financing costs |  |  |  |  | (54,811 | ) |
| Bargain purchase gain |  |  |  |  | 15,044 |  |
| Transaction and reorganization expenses |  |  |  |  | (26,718 | ) |
| Amortization of value of business acquired |  |  |  |  | (50,104 | ) |
| Amortization of intangibles |  |  |  |  | (2,543 | ) |
| Loss before income taxes and interest in income (loss) of equity method investments |  |  |  |  | $ | (368,109 | ) |
| Net loss and loss expense ratio | 78.9 | % |  | 79.6 | % |  | 79.2 | % |
| Acquisition cost ratio | 15.8 | % |  | 24.0 | % |  | 19.9 | % |
| General and administrative expense ratio | 16.3 | % |  | 5.2 | % |  | 14.0 | % |
| Combined ratio | 111.0 | % |  | 108.8 | % |  | 113.1 | % |
| Goodwill and intangible assets | $ | 566,828 |  |  | $ | — |  |  | $ | 566,828 |  |
| At and year ended December 31, 2016 | Insurance |  | Reinsurance |  | Total |
| Gross premiums written | $ | 2,720,242 |  |  | $ | 2,249,966 |  |  | $ | 4,970,208 |  |
| Net premiums written | 1,807,125 |  |  | 1,945,849 |  |  | 3,752,974 |  |
| Net premiums earned | 1,777,321 |  |  | 1,928,304 |  |  | 3,705,625 |  |
| Other insurance related income | 89 |  |  | 7,133 |  |  | 7,222 |  |
| Net losses and loss expenses | (1,141,933 | ) |  | (1,062,264 | ) |  | (2,204,197 | ) |
| Acquisition costs | (251,120 | ) |  | (495,756 | ) |  | (746,876 | ) |
| General and administrative expenses | (346,857 | ) |  | (135,844 | ) |  | (482,701 | ) |
| Underwriting income | $ | 37,500 |  |  | $ | 241,573 |  |  | 279,073 |  |
| Corporate expenses |  |  |  |  | (120,016 | ) |
| Net investment income |  |  |  |  | 353,335 |  |
| Net realized investment loss |  |  |  |  | (60,525 | ) |
| Foreign exchange gains |  |  |  |  | 121,295 |  |
| Interest expense and financing costs |  |  |  |  | (51,360 | ) |
| Income before income taxes and interest in income (loss) of equity method investments |  |  |  |  | $ | 521,802 |  |
| Net loss and loss expense ratio | 64.3 | % |  | 55.1 | % |  | 59.5 | % |
| Acquisition cost ratio | 14.1 | % |  | 25.7 | % |  | 20.2 | % |
| General and administrative expense ratio | 19.5 | % |  | 7.0 | % |  | 16.2 | % |
| Combined ratio | 97.9 | % |  | 87.8 | % |  | 95.9 | % |
| Goodwill and intangible assets | $ | 85,049 |  |  | $ | — |  |  | $ | 85,049 |  |
| At and year ended December 31, 2015 | Insurance |  | Reinsurance |  | Total |
| Gross premiums written | $ | 2,583,081 |  |  | $ | 2,020,649 |  |  | $ | 4,603,730 |  |
| Net premiums written | 1,759,359 |  |  | 1,915,307 |  |  | 3,674,666 |  |
| Net premiums earned | 1,798,191 |  |  | 1,888,226 |  |  | 3,686,417 |  |
| Other insurance related income (losses) | 1,036 |  |  | (3,989 | ) |  | (2,953 | ) |
| Net losses and loss expenses | (1,154,928 | ) |  | (1,021,271 | ) |  | (2,176,199 | ) |
| Acquisition costs | (261,208 | ) |  | (456,904 | ) |  | (718,112 | ) |
| General and administrative expenses | (341,658 | ) |  | (145,253 | ) |  | (486,911 | ) |
| Underwriting income | $ | 41,433 |  |  | $ | 260,809 |  |  | 302,242 |  |
| Corporate expenses |  |  |  |  | (109,910 | ) |
| Net investment income |  |  |  |  | 305,336 |  |
| Net realized investment loss |  |  |  |  | (138,491 | ) |
| Foreign exchange gains |  |  |  |  | 102,312 |  |
| Interest expense and financing costs |  |  |  |  | (50,963 | ) |
| Termination fee received |  |  |  |  | 280,000 |  |
| Transaction and reorganization expenses |  |  |  |  | (45,867 | ) |
| Income before income taxes and interest in income (loss) of equity method investments |  |  |  |  | $ | 644,659 |  |
| Net loss and loss expense ratio | 64.2 | % |  | 54.1 | % |  | 59.0 | % |
| Acquisition cost ratio | 14.5 | % |  | 24.2 | % |  | 19.5 | % |
| General and administrative expense ratio | 19.1 | % |  | 7.7 | % |  | 16.2 | % |
| Combined ratio | 97.8 | % |  | 86.0 | % |  | 94.7 | % |
| Goodwill and intangible assets | $ | 86,858 |  |  | $ | — |  |  | $ | 86,858 |  |
GROSS PREMIUMS WRITTEN BY GEOGRAPHICAL LOCATION OF SUBSIDIARIES | The following table presents gross premiums written by the geographical location of the Company's subsidiaries:
| Year ended December 31, | 2017 |  | 2016 |  | 2015 |
| Bermuda | $ | 529,425 |  |  | $ | 465,980 |  |  | $ | 525,226 |  |
| Ireland | 1,569,956 |  |  | 1,650,229 |  |  | 1,532,753 |  |
| U.S. | 2,814,933 |  |  | 2,562,789 |  |  | 2,364,099 |  |
| Lloyd's of London | 641,959 |  |  | 291,210 |  |  | 181,652 |  |
| Total gross premium written | $ | 5,556,273 |  |  | $ | 4,970,208 |  |  | $ | 4,603,730 |  |
NET PREMIUMS EARNED BY SEGMENT AND LINE OF BUSINESS | The following table presents net premiums earned by segment and line of business:
| Year ended December 31, | 2017 |  | 2016 |  | 2015 |
| Insurance |  |  |  |  |  |
| Property | $ | 543,342 |  |  | $ | 426,918 |  |  | $ | 432,587 |  |
| Marine | 181,533 |  |  | 150,046 |  |  | 183,696 |  |
| Terrorism | 36,084 |  |  | 33,279 |  |  | 36,818 |  |
| Aviation | 75,107 |  |  | 44,980 |  |  | 45,659 |  |
| Credit and Political Risk | 56,432 |  |  | 57,964 |  |  | 63,583 |  |
| Professional Lines | 519,759 |  |  | 510,806 |  |  | 596,430 |  |
| Liability | 188,770 |  |  | 169,182 |  |  | 161,614 |  |
| Accident and Health | 489,046 |  |  | 384,146 |  |  | 277,804 |  |
| Discontinued lines - Novae | 16,290 |  |  | — |  |  | — |  |
| Total Insurance | 2,106,363 |  |  | 1,777,321 |  |  | 1,798,191 |  |
| Reinsurance |  |  |  |  |  |
| Catastrophe | 209,470 |  |  | 199,825 |  |  | 216,020 |  |
| Property | 304,376 |  |  | 272,403 |  |  | 306,083 |  |
| Professional Lines | 226,622 |  |  | 289,868 |  |  | 310,915 |  |
| Credit and Surety | 244,186 |  |  | 252,210 |  |  | 250,208 |  |
| Motor | 371,501 |  |  | 318,863 |  |  | 299,883 |  |
| Liability | 351,940 |  |  | 332,479 |  |  | 297,000 |  |
| Agriculture | 195,391 |  |  | 142,501 |  |  | 129,346 |  |
| Engineering | 66,291 |  |  | 62,833 |  |  | 61,043 |  |
| Marine and Other | 64,449 |  |  | 57,322 |  |  | 17,728 |  |
| Discontinued lines - Novae | 8,171 |  |  | — |  |  | — |  |
| Total Reinsurance | 2,042,397 |  |  | 1,928,304 |  |  | 1,888,226 |  |
| Total | $ | 4,148,760 |  |  | $ | 3,705,625 |  |  | $ | 3,686,417 |  |

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