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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS | The table below provides details of goodwill and intangible assets related to the Company's insurance segment:
|  | Goodwill |  | Intangible assets with an indefinite life |  | Intangible assets with a finite life |  | Total |
| Balance at December 31, 2017 |  |  |  |  |  |  |  |
| Gross amount | $ | 42,237 |  |  | $ | 26,036 |  |  | $ | 23,030 |  |  | $ | 91,303 |  |
| Accumulated amortization | n/a |  |  | n/a |  |  | (11,165 | ) |  | (11,165 | ) |
| Accumulated translation adjustment | 4,911 |  |  | — |  |  | — |  |  | 4,911 |  |
|  | 47,148 |  |  | 26,036 |  |  | 11,865 |  |  | 85,049 |  |
| Acquired during the year | 54,855 |  |  | 94,748 |  |  | 387,545 |  |  | 537,148 |  |
| Amortization | n/a |  |  | n/a |  |  | (55,369 | ) |  | (55,369 | ) |
| Balance at December 31, 2018 |  |  |  |  |  |  |  |
| Gross amount | 97,092 |  |  | 120,784 |  |  | 410,575 |  |  | 628,451 |  |
| Accumulated amortization | n/a |  |  | n/a |  |  | (66,534 | ) |  | (66,534 | ) |
| Accumulated translation adjustment | 4,911 |  |  | — |  |  | — |  |  | 4,911 |  |
|  | 102,003 |  |  | 120,784 |  |  | 344,041 |  |  | 566,828 |  |
| Amortization | n/a |  |  | n/a |  |  | (184,043 | ) |  | (184,043 | ) |
| Impairment charges | — |  |  | — |  |  | (3,500 | ) |  | (3,500 | ) |
| Balance at December 31, 2019 |  |  |  |  |  |  |  |
| Gross amount | $ | 97,092 |  |  | $ | 120,784 |  |  | $ | 404,304 |  |  | $ | 622,180 |  |
| Accumulated amortization | n/a |  |  | n/a |  |  | (247,804 | ) |  | (247,804 | ) |
| Accumulated translation adjustment | 4,911 |  |  | — |  |  | — |  |  | 4,911 |  |
|  | 102,003 |  |  | 120,784 |  |  | 156,500 |  |  | 379,287 |  |
| Amortization | n/a |  |  | n/a |  |  | (37,742 | ) |  | (37,742 | ) |
|  | $ | 102,003 |  |  | $ | 120,784 |  |  | $ | 118,758 |  |  | $ | 341,545 |  |
n/a – not applicable
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS | The tables below provide details of the gross amount and accumulated amortization by category of VOBA and intangible assets:
|  |  | VOBA and intangible assets |
| Balance At December 31, 2019 |  | Gross amount |  | Accumulated amortization |  | Total |
| U.S. state licenses |  | $ | 26,036 |  |  | n/a |  |  | $ | 26,036 |  |
| Customer lists, trademark and non-compete - Media Pro (1) |  | 9,700 |  |  | (9,700 | ) |  | — |  |
| Customer relationships and customers lists - Ternian (2) |  | 13,330 |  |  | (6,333 | ) |  | 6,997 |  |
| VOBA - Novae |  | 256,942 |  |  | (247,950 | ) |  | 8,992 |  |
| Syndicate capacity |  | 94,748 |  |  | n/a |  |  | 94,748 |  |
| Coverholders |  | 63,565 |  |  | (11,918 | ) |  | 51,647 |  |
| Large brokers |  | 46,641 |  |  | (6,996 | ) |  | 39,645 |  |
| SME brokers |  | 14,126 |  |  | (2,649 | ) |  | 11,477 |  |
|  |  | $ | 525,088 |  |  | $ | (285,546 | ) |  | $ | 239,542 |  |
(1) On May 1, 2007, the Company acquired the assets and operations of Media/Professional Insurance (Media/Pro) and recognized the definite life intangible assets detailed above. (2) On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC and recognized definite life intangible assets detailed above.
|  |  | VOBA and intangible assets |
| Balance At December 31, 2018 |  | Gross amount |  | Accumulated amortization and impairment |  | Total |
| U.S. state licenses |  | $ | 26,036 |  |  | n/a |  |  | $ | 26,036 |  |
| Customer lists, trademark and non-compete - Media Pro |  | 9,700 |  |  | (9,598 | ) |  | 102 |  |
| Customer relationships and customers lists - Ternian |  | 13,330 |  |  | (4,999 | ) |  | 8,331 |  |
| VOBA - Aviabel |  | 2,140 |  |  | (2,140 | ) |  | — |  |
| VOBA - Novae |  | 256,942 |  |  | (221,228 | ) |  | 35,714 |  |
| Syndicate capacity |  | 94,748 |  |  | n/a |  |  | 94,748 |  |
| Coverholders |  | 63,565 |  |  | (6,622 | ) |  | 56,943 |  |
| Large brokers |  | 46,641 |  |  | (3,888 | ) |  | 42,753 |  |
| SME brokers |  | 14,126 |  |  | (1,471 | ) |  | 12,655 |  |
| MGA contract(1) |  | 4,131 |  |  | (4,131 | ) |  | — |  |
|  |  | $ | 531,359 |  |  | $ | (254,077 | ) |  | $ | 277,282 |  |
(1) During the year ended December 31, 2018, an impairment charge of $3,500 was recognized related to the termination of the MGA contract intangible asset identified in connection with the acquisition of Novae.
SCHEDULE OF INDEFINITE-LIVED INTANGIBLE ASSETS | The tables below provide details of the gross amount and accumulated amortization by category of VOBA and intangible assets:
|  |  | VOBA and intangible assets |
| Balance At December 31, 2019 |  | Gross amount |  | Accumulated amortization |  | Total |
| U.S. state licenses |  | $ | 26,036 |  |  | n/a |  |  | $ | 26,036 |  |
| Customer lists, trademark and non-compete - Media Pro (1) |  | 9,700 |  |  | (9,700 | ) |  | — |  |
| Customer relationships and customers lists - Ternian (2) |  | 13,330 |  |  | (6,333 | ) |  | 6,997 |  |
| VOBA - Novae |  | 256,942 |  |  | (247,950 | ) |  | 8,992 |  |
| Syndicate capacity |  | 94,748 |  |  | n/a |  |  | 94,748 |  |
| Coverholders |  | 63,565 |  |  | (11,918 | ) |  | 51,647 |  |
| Large brokers |  | 46,641 |  |  | (6,996 | ) |  | 39,645 |  |
| SME brokers |  | 14,126 |  |  | (2,649 | ) |  | 11,477 |  |
|  |  | $ | 525,088 |  |  | $ | (285,546 | ) |  | $ | 239,542 |  |
(1) On May 1, 2007, the Company acquired the assets and operations of Media/Professional Insurance (Media/Pro) and recognized the definite life intangible assets detailed above. (2) On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC and recognized definite life intangible assets detailed above.
|  |  | VOBA and intangible assets |
| Balance At December 31, 2018 |  | Gross amount |  | Accumulated amortization and impairment |  | Total |
| U.S. state licenses |  | $ | 26,036 |  |  | n/a |  |  | $ | 26,036 |  |
| Customer lists, trademark and non-compete - Media Pro |  | 9,700 |  |  | (9,598 | ) |  | 102 |  |
| Customer relationships and customers lists - Ternian |  | 13,330 |  |  | (4,999 | ) |  | 8,331 |  |
| VOBA - Aviabel |  | 2,140 |  |  | (2,140 | ) |  | — |  |
| VOBA - Novae |  | 256,942 |  |  | (221,228 | ) |  | 35,714 |  |
| Syndicate capacity |  | 94,748 |  |  | n/a |  |  | 94,748 |  |
| Coverholders |  | 63,565 |  |  | (6,622 | ) |  | 56,943 |  |
| Large brokers |  | 46,641 |  |  | (3,888 | ) |  | 42,753 |  |
| SME brokers |  | 14,126 |  |  | (1,471 | ) |  | 12,655 |  |
| MGA contract(1) |  | 4,131 |  |  | (4,131 | ) |  | — |  |
|  |  | $ | 531,359 |  |  | $ | (254,077 | ) |  | $ | 277,282 |  |
(1) During the year ended December 31, 2018, an impairment charge of $3,500 was recognized related to the termination of the MGA contract intangible asset identified in connection with the acquisition of Novae.
FUTURE AMORTIZATION EXPENSE | The table below provides details of estimated amortization expense of VOBA and intangible assets with a finite life:
|  |  | VOBA |  | Intangible assets |  | Total |
| 2020 |  | 5,139 |  |  | 10,916 |  |  | 16,055 |  |
| 2021 |  | 3,853 |  |  | 10,916 |  |  | 14,769 |  |
| 2022 |  | — |  |  | 10,916 |  |  | 10,916 |  |
| 2023 |  | — |  |  | 10,916 |  |  | 10,916 |  |
| 2024 |  | — |  |  | 10,916 |  |  | 10,916 |  |
| 2025 and thereafter |  | — |  |  | 55,186 |  |  | 55,186 |  |
| Total remaining amortization expense |  | 8,992 |  |  | 109,766 |  |  | 118,758 |  |
| Indefinite lived intangible assets |  | — |  |  | 120,784 |  |  | 120,784 |  |
| Total intangible assets |  | $ | 8,992 |  |  | $ | 230,550 |  |  | $ | 239,542 |  |

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