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SEGMENT INFORMATION (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
reportable_segment
Sep. 30, 2017
USD ($)
Segment Information [Line Items]        
Number of reportable segments | reportable_segment     2  
Net premiums earned $ 1,224,075 $ 1,017,131 $ 3,577,026 $ 2,937,265
Other insurance related income (losses) 8,475 (3,197) 18,811 (4,420)
Net losses and loss expenses (794,959) (1,235,367) (2,162,945) (2,447,640)
Acquisition costs (248,314) (194,724) (709,527) (588,879)
Expenses (154,894) (124,629) (489,944) (433,704)
Net investment income 114,421 95,169 325,380 299,899
Net investment gains (losses) (17,628) 14,632 (77,551) (14,811)
Foreign exchange losses (8,305) (32,510) (2,066) (90,093)
Interest expense and financing costs (16,897) (12,835) (50,758) (38,377)
Bargain purchase gain 0 0 0 15,044
Transaction and reorganization expenses (16,300) (5,970) (48,125) (5,970)
Amortization of value of business acquired (39,018) 0 (149,535) 0
Amortization of intangible assets (1,753) 0 (8,564) 0
Income (loss) before income taxes and interest in income (loss) of equity method investments $ 48,903 $ (482,300) $ 222,202 $ (371,686)
Net loss and loss expense ratio 64.90% 121.50% 60.50% 83.30%
Acquisition cost ratio 20.30% 19.10% 19.80% 20.00%
General and administrative expense ratio 12.70% 12.30% 13.70% 14.80%
Combined ratio 97.90% 152.90% 94.00% 118.10%
Total intangible assets $ 408,441 $ 87,206 $ 408,441 $ 87,206
Operating Segments        
Segment Information [Line Items]        
Gross premiums written 1,423,707 1,185,574 5,737,327 4,459,772
Net premiums written 919,938 832,743 3,906,264 3,297,718
Net premiums earned 1,224,075 1,017,131 3,577,026 2,937,265
Other insurance related income (losses) 8,475 (3,197) 18,811 (4,420)
Net losses and loss expenses (794,959) (1,235,367) (2,162,945) (2,447,640)
Acquisition costs (248,314) (194,724) (709,527) (588,879)
Expenses (130,251) (96,696) (404,875) (335,782)
Underwriting income (loss) 59,026 (512,853) 318,490 (439,456)
Operating Segments | Insurance        
Segment Information [Line Items]        
Gross premiums written 969,364 651,145 2,876,856 1,960,608
Net premiums written 602,070 407,054 1,748,142 1,259,999
Net premiums earned 614,795 420,775 1,772,126 1,230,279
Other insurance related income (losses) 1,526 302 3,359 853
Net losses and loss expenses (415,488) (576,688) (1,065,799) (1,093,237)
Acquisition costs (111,888) (61,541) (290,082) (177,937)
Expenses (100,656) (71,007) (305,394) (239,389)
Underwriting income (loss) $ (11,711) $ (288,159) $ 114,210 $ (279,431)
Net loss and loss expense ratio 67.60% 137.10% 60.10% 88.90%
Acquisition cost ratio 18.20% 14.60% 16.40% 14.40%
General and administrative expense ratio 16.40% 16.90% 17.20% 19.50%
Combined ratio 102.20% 168.60% 93.70% 122.80%
Total intangible assets $ 408,441 $ 87,206 $ 408,441 $ 87,206
Operating Segments | Reinsurance        
Segment Information [Line Items]        
Gross premiums written 454,343 534,429 2,860,471 2,499,164
Net premiums written 317,868 425,689 2,158,122 2,037,719
Net premiums earned 609,280 596,356 1,804,900 1,706,986
Other insurance related income (losses) 6,949 (3,499) 15,452 (5,273)
Net losses and loss expenses (379,471) (658,679) (1,097,146) (1,354,403)
Acquisition costs (136,426) (133,183) (419,445) (410,942)
Expenses (29,595) (25,689) (99,481) (96,393)
Underwriting income (loss) $ 70,737 $ (224,694) $ 204,280 $ (160,025)
Net loss and loss expense ratio 62.30% 110.50% 60.80% 79.30%
Acquisition cost ratio 22.40% 22.30% 23.20% 24.20%
General and administrative expense ratio 4.80% 4.30% 5.50% 5.60%
Combined ratio 89.50% 137.10% 89.50% 109.10%
Total intangible assets $ 0 $ 0 $ 0 $ 0
Corporate, Non-Segment        
Segment Information [Line Items]        
Expenses (24,643) (27,933) (85,069) (97,922)
Significant Reconciling Items        
Segment Information [Line Items]        
Net investment income 114,421 95,169 325,380 299,899
Net investment gains (losses) (17,628) 14,632 (77,551) (14,811)
Foreign exchange losses (8,305) (32,510) (2,066) (90,093)
Interest expense and financing costs (16,897) (12,835) (50,758) (38,377)
Bargain purchase gain     0 15,044
Transaction and reorganization expenses (16,300) (5,970) (48,125) (5,970)
Amortization of value of business acquired (39,018) 0 (149,535) 0
Amortization of intangible assets $ (1,753) $ 0 $ (8,564) $ 0