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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
UNDERWRITING RESULTS OF REPORTABLE SEGMENTS | The following tables present the underwriting results of the Company's reportable segments, as well as the carrying amounts of allocated goodwill and intangible assets:
| At and year ended December 31, 2019 | Insurance |  | Reinsurance |  | Total |
| Gross premiums written | $ | 3,675,931 |  |  | $ | 3,222,927 |  |  | $ | 6,898,858 |  |
| Net premiums written | 2,209,155 |  |  | 2,280,460 |  |  | 4,489,615 |  |
| Net premiums earned | 2,190,084 |  |  | 2,397,094 |  |  | 4,587,178 |  |
| Other insurance related income | 2,858 |  |  | 13,586 |  |  | 16,444 |  |
| Net losses and loss expenses | (1,278,679 | ) |  | (1,766,119 | ) |  | (3,044,798 | ) |
| Acquisition costs | (468,281 | ) |  | (556,301 | ) |  | (1,024,582 | ) |
| General and administrative expenses | (401,963 | ) |  | (103,772 | ) |  | (505,735 | ) |
| Underwriting income (loss) | $ | 44,019 |  |  | $ | (15,512 | ) |  | $ | 28,507 |  |
| Net investment income |  |  |  |  | 478,572 |  |
| Net investment gains |  |  |  |  | 91,233 |  |
| Corporate expenses |  |  |  |  | (129,096 | ) |
| Foreign exchange gains |  |  |  |  | 12,041 |  |
| Interest expense and financing costs |  |  |  |  | (68,107 | ) |
| Reorganization expenses |  |  |  |  | (37,384 | ) |
| Amortization of value of business acquired |  |  |  |  | (26,722 | ) |
| Amortization of intangible assets |  |  |  |  | (11,597 | ) |
| Income before income taxes and interest in income (loss) of equity method investments |  |  |  |  | $ | 337,447 |  |
| Net losses and loss expenses ratio | 58.4 | % |  | 73.7 | % |  | 66.4 | % |
| Acquisition cost ratio | 21.4 | % |  | 23.2 | % |  | 22.3 | % |
| General and administrative expense ratio | 18.3 | % |  | 4.3 | % |  | 13.9 | % |
| Combined ratio | 98.1 | % |  | 101.2 | % |  | 102.6 | % |
| Goodwill and intangible assets | $ | 332,553 |  |  | $ | — |  |  | $ | 332,553 |  |
| At and year ended December 31, 2018 | Insurance |  | Reinsurance |  | Total |
| Gross premiums written | $ | 3,797,592 |  |  | $ | 3,112,473 |  |  | $ | 6,910,065 |  |
| Net premiums written | 2,324,747 |  |  | 2,334,215 |  |  | 4,658,962 |  |
| Net premiums earned | 2,362,606 |  |  | 2,428,889 |  |  | 4,791,495 |  |
| Other insurance related income | 3,460 |  |  | 7,162 |  |  | 10,622 |  |
| Net losses and loss expenses | (1,494,323 | ) |  | (1,695,964 | ) |  | (3,190,287 | ) |
| Acquisition costs | (399,193 | ) |  | (569,642 | ) |  | (968,835 | ) |
| General and administrative expenses | (395,252 | ) |  | (123,916 | ) |  | (519,168 | ) |
| Underwriting income | $ | 77,298 |  |  | $ | 46,529 |  |  | $ | 123,827 |  |
| Net investment income |  |  |  |  | 438,507 |  |
| Net investment losses |  |  |  |  | (150,218 | ) |
| Corporate expenses |  |  |  |  | (108,221 | ) |
| Foreign exchange gains |  |  |  |  | 29,165 |  |
| Interest expense and financing costs |  |  |  |  | (67,432 | ) |
| Reorganization expenses |  |  |  |  | (66,940 | ) |
| Amortization of value of business acquired |  |  |  |  | (172,332 | ) |
| Amortization of intangible assets |  |  |  |  | (13,814 | ) |
| Income before income taxes and interest in income (loss) of equity method investments |  |  |  |  | $ | 12,542 |  |
| Net losses and loss expenses ratio | 63.2 | % |  | 69.8 | % |  | 66.6 | % |
| Acquisition cost ratio | 16.9 | % |  | 23.5 | % |  | 20.2 | % |
| General and administrative expense ratio | 16.8 | % |  | 5.1 | % |  | 13.1 | % |
| Combined ratio | 96.9 | % |  | 98.4 | % |  | 99.9 | % |
| Goodwill and intangible assets | $ | 343,571 |  |  | $ | — |  |  | $ | 343,571 |  |
| At and year ended December 31, 2017 | Insurance |  | Reinsurance |  | Total |
| Gross premiums written | $ | 2,814,918 |  |  | $ | 2,741,355 |  |  | $ | 5,556,273 |  |
| Net premiums written | 1,775,825 |  |  | 2,251,318 |  |  | 4,027,143 |  |
| Net premiums earned | 1,816,438 |  |  | 2,332,322 |  |  | 4,148,760 |  |
| Other insurance related income (losses) | 2,944 |  |  | (4,184 | ) |  | (1,240 | ) |
| Net losses and loss expenses | (1,465,427 | ) |  | (1,822,345 | ) |  | (3,287,772 | ) |
| Acquisition costs | (270,229 | ) |  | (553,362 | ) |  | (823,591 | ) |
| General and administrative expenses | (325,368 | ) |  | (124,115 | ) |  | (449,483 | ) |
| Underwriting loss | $ | (241,642 | ) |  | $ | (171,684 | ) |  | $ | (413,326 | ) |
| Net investment income |  |  |  |  | 400,805 |  |
| Net investment gains |  |  |  |  | 28,226 |  |
| Corporate expenses |  |  |  |  | (129,945 | ) |
| 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 intangible assets |  |  |  |  | (2,543 | ) |
| Loss before income taxes and interest in income (loss) of equity method investments |  |  |  |  | $ | (368,109 | ) |
| Net losses and loss expenses ratio | 80.7 | % |  | 78.1 | % |  | 79.2 | % |
| Acquisition cost ratio | 14.9 | % |  | 23.7 | % |  | 19.9 | % |
| General and administrative expense ratio | 17.9 | % |  | 5.3 | % |  | 14.0 | % |
| Combined ratio | 113.5 | % |  | 107.1 | % |  | 113.1 | % |
| Goodwill and intangible assets | $ | 359,990 |  |  | $ | — |  |  | $ | 359,990 |  |
GROSS PREMIUMS WRITTEN BY GEOGRAPHICAL LOCATION OF SUBSIDIARIES | The following table presents gross premiums written by the geographical location of the Company's subsidiaries:
| Years ended December 31, | 2019 |  | 2018 |  | 2017 |
| Bermuda | $ | 738,258 |  |  | $ | 606,452 |  |  | $ | 529,425 |  |
| Ireland | 1,679,646 |  |  | 1,805,882 |  |  | 1,569,956 |  |
| U.S. | 3,090,547 |  |  | 2,811,537 |  |  | 2,814,933 |  |
| Lloyd's of London | 1,390,407 |  |  | 1,686,194 |  |  | 641,959 |  |
| Gross premiums written | $ | 6,898,858 |  |  | $ | 6,910,065 |  |  | $ | 5,556,273 |  |
NET PREMIUMS EARNED BY SEGMENT AND LINE OF BUSINESS | The following table presents net premiums earned by segment and line of business:
| Years ended December 31, | 2019 |  | 2018 |  | 2017 |
| Insurance |  |  |  |  |  |
| Property | $ | 633,550 |  |  | $ | 796,945 |  |  | $ | 543,342 |  |
| Marine | 281,764 |  |  | 300,944 |  |  | 181,533 |  |
| Terrorism | 47,345 |  |  | 49,150 |  |  | 36,084 |  |
| Aviation | 55,028 |  |  | 74,203 |  |  | 75,107 |  |
| Credit and political risk | 91,698 |  |  | 102,825 |  |  | 56,432 |  |
| Professional lines | 661,250 |  |  | 570,241 |  |  | 519,759 |  |
| Liability | 264,667 |  |  | 229,373 |  |  | 188,770 |  |
| Accident and health | 144,499 |  |  | 207,777 |  |  | 199,121 |  |
| Discontinued lines - Novae | 10,283 |  |  | 31,148 |  |  | 16,290 |  |
| Total Insurance | 2,190,084 |  |  | 2,362,606 |  |  | 1,816,438 |  |
| Reinsurance |  |  |  |  |  |
| Catastrophe | 267,591 |  |  | 250,016 |  |  | 209,470 |  |
| Property | 311,625 |  |  | 317,038 |  |  | 304,376 |  |
| Professional lines | 206,328 |  |  | 220,687 |  |  | 226,622 |  |
| Credit and surety | 208,717 |  |  | 250,276 |  |  | 244,186 |  |
| Motor | 398,565 |  |  | 438,693 |  |  | 371,501 |  |
| Liability | 373,664 |  |  | 363,292 |  |  | 351,940 |  |
| Agriculture | 188,925 |  |  | 176,435 |  |  | 195,391 |  |
| Engineering | 63,899 |  |  | 67,932 |  |  | 66,291 |  |
| Marine and other | 59,209 |  |  | 35,570 |  |  | 64,449 |  |
| Accident and health | 319,619 |  |  | 299,813 |  |  | 289,925 |  |
| Discontinued lines - Novae | (1,048 | ) |  | 9,137 |  |  | 8,171 |  |
| Total Reinsurance | 2,397,094 |  |  | 2,428,889 |  |  | 2,332,322 |  |
| Total | $ | 4,587,178 |  |  | $ | 4,791,495 |  |  | $ | 4,148,760 |  |

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