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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of recognized identified assets acquired and liabilities assumed | The fair value of the assets acquired and liabilities assumed and the allocation of the purchase price on the acquisition date are summarized in the following table:
| Total purchase price paid |  | $ | 616,926 |  |
| Assets |  |  |
| Investments |  | 1,733,611 |  |
| Cash and cash equivalents |  | 191,337 |  |
| Insurance and reinsurance premium balances receivable |  | 472,180 |  |
| Reinsurance recoverable on unpaid and paid losses |  | 787,907 |  |
| Prepaid reinsurance premiums |  | 197,907 |  |
| Other assets |  | 42,696 |  |
| Total assets acquired |  | $ | 3,425,638 |  |
| Liabilities |  |  |
| Reserve for losses and loss expenses |  | 2,125,634 |  |
| Unearned premiums |  | 717,442 |  |
| Insurance and reinsurance balances payable |  | 273,405 |  |
| Notes payable |  | 101,846 |  |
| Other liabilities |  | 124,585 |  |
| Total liabilities assumed |  | $ | 3,342,912 |  |
| Fair value of identifiable intangible assets: |  |  |
| Value of business acquired - definite lived intangible asset |  | 256,942 |  |
| Identifiable definite lived intangible assets |  | 128,463 |  |
| Identifiable indefinite lived intangible assets |  | 94,748 |  |
| Excess purchase price over fair value of net assets acquired assigned to goodwill |  | $ | 54,047 |  |
Intangible assets acquired as part of business combination | Identifiable intangible assets at the acquisition date are included in intangible assets in the Consolidated Balance Sheets and are shown in the following table:
|  |  |  |  | Economic Useful Life |
| Indefinite lived intangible assets |  |  |  |  |
| Lloyd's syndicate capacity |  | $ | 94,748 |  |  | Indefinite |
| Finite lived other intangible assets |  |  |  |  |
| Distribution networks: |  |  |  |  |
| Coverholders |  | 63,565 |  |  | 12 years |
| Large brokers |  | 46,641 |  |  | 15 years |
| Small & Mid-sized Enterprise ("SME") brokers |  | 14,126 |  |  | 12 years |
| Managing General Agent ("MGA") Contract |  | 4,131 |  |  | 7 years |
| Total |  | 128,463 |  |  |  |
| Identifiable intangible assets at October 2, 2017 |  | $ | 223,211 |  |  |  |
Business acquisition, pro forma information | The following selected audited information is a summary of the results of Novae that has been included in the Consolidated Financial Statements for the year ended December 31, 2017.
|  |  | From acquisition date to |
| (in thousands) |  | December 31, 2017 |
| Net premiums written |  | $ | 140,635 |  |
| Total revenue |  | 191,929 |  |
| Total expenses |  | (197,895 | ) |
| Net income |  | $ | (5,966 | ) |
|  |  | Years ended December 31, |
|  |  | 2017 |  | 2016 |
| (in thousands) |  | (unaudited) |  | (unaudited) |
| Net premiums earned |  | $ | 4,728,700 |  |  | $ | 4,560,800 |  |
| Net income |  | $ | (468,400 | ) |  | $ | 532,500 |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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