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SEGMENT INFORMATION (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
reportable_segment
Jun. 30, 2017
USD ($)
Segment Information [Line Items]        
Number of reportable segments | reportable_segment     2  
Net premiums earned $ 1,185,548 $ 981,431 $ 2,352,950 $ 1,920,133
Other insurance related income (losses) 3,730 2,560 10,335 (1,222)
Net losses and loss expenses (706,641) (605,332) (1,367,986) (1,212,273)
Acquisition costs (231,952) (204,361) (461,212) (394,153)
Expenses (165,213) (147,816) (335,049) (309,075)
Net investment income 109,960 106,063 210,961 204,728
Net investment losses (45,093) (4,392) (59,923) (29,443)
Foreign exchange (losses) gains 44,099 (36,118) 6,239 (57,583)
Interest expense and financing costs (17,098) (12,751) (33,861) (25,543)
Bargain purchase gain 0 15,044 0 15,044
Reorganization expenses (18,772) 0 (31,825) 0
Amortization of value of business acquired (53,407) 0 (110,517) 0
Amortization of intangible assets (4,029) 0 (6,811) 0
Income before income taxes and interest in income (loss) of equity method investments $ 101,132 $ 94,328 $ 173,301 $ 110,613
Net loss and loss expense ratio 59.60% 61.70% 58.10% 63.10%
Acquisition cost ratio 19.60% 20.80% 19.60% 20.50%
General and administrative expense ratio 13.90% 15.10% 14.30% 16.20%
Combined ratio 93.10% 97.60% 92.00% 99.80%
Goodwill and intangible assets $ 450,073 $ 86,220 $ 450,073 $ 86,220
Operating Segments        
Segment Information [Line Items]        
Gross premiums written 1,650,825 1,362,327 4,313,620 3,274,199
Net premiums written 1,000,455 956,017 2,986,326 2,464,976
Net premiums earned 1,185,548 981,431 2,352,950 1,920,133
Other insurance related income (losses) 3,730 2,560 10,335 (1,222)
Net losses and loss expenses (706,641) (605,332) (1,367,986) (1,212,273)
Acquisition costs (231,952) (204,361) (461,212) (394,153)
Expenses (134,959) (117,286) (274,624) (239,086)
Underwriting income (loss) 115,726 57,012 259,463 73,399
Operating Segments | Insurance        
Segment Information [Line Items]        
Gross premiums written 1,026,644 764,202 1,907,492 1,309,464
Net premiums written 598,179 496,109 1,146,071 852,945
Net premiums earned 577,271 417,541 1,157,330 809,504
Other insurance related income (losses) 1,214 508 1,833 551
Net losses and loss expenses (328,773) (275,465) (650,312) (516,549)
Acquisition costs (90,864) (62,390) (178,193) (116,394)
Expenses (102,369) (83,126) (204,738) (168,381)
Underwriting income (loss) $ 56,479 $ (2,932) $ 125,920 $ 8,731
Net loss and loss expense ratio 57.00% 66.00% 56.20% 63.80%
Acquisition cost ratio 15.70% 14.90% 15.40% 14.40%
General and administrative expense ratio 17.70% 19.90% 17.70% 20.80%
Combined ratio 90.40% 100.80% 89.30% 99.00%
Goodwill and intangible assets $ 450,073 $ 86,220 $ 450,073 $ 86,220
Operating Segments | Reinsurance        
Segment Information [Line Items]        
Gross premiums written 624,181 598,125 2,406,128 1,964,735
Net premiums written 402,276 459,908 1,840,255 1,612,031
Net premiums earned 608,277 563,890 1,195,620 1,110,629
Other insurance related income (losses) 2,516 2,052 8,502 (1,773)
Net losses and loss expenses (377,868) (329,867) (717,674) (695,724)
Acquisition costs (141,088) (141,971) (283,019) (277,759)
Expenses (32,590) (34,160) (69,886) (70,705)
Underwriting income (loss) $ 59,247 $ 59,944 $ 133,543 $ 64,668
Net loss and loss expense ratio 62.10% 58.50% 60.00% 62.60%
Acquisition cost ratio 23.20% 25.20% 23.70% 25.00%
General and administrative expense ratio 5.40% 6.10% 5.80% 6.40%
Combined ratio 90.70% 89.70% 89.50% 94.00%
Goodwill and intangible assets $ 0 $ 0 $ 0 $ 0
Corporate, Non-Segment        
Segment Information [Line Items]        
Expenses (30,254) (30,530) (60,425) (69,989)
Significant Reconciling Items        
Segment Information [Line Items]        
Net investment income 109,960 106,063 210,961 204,728
Net investment losses (45,093) (4,392) (59,923) (29,443)
Foreign exchange (losses) gains 44,099 (36,118) 6,239 (57,583)
Interest expense and financing costs (17,098) (12,751) (33,861) (25,543)
Bargain purchase gain 0 15,044 0 15,044
Reorganization expenses (18,772) 0 (31,825) 0
Amortization of value of business acquired (53,407) 0 (110,517) 0
Amortization of intangible assets $ (4,029) $ 0 $ (6,811) $ 0