GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

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

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