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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2020

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 values of allocated goodwill and intangible assets:

						2020																		2019
			Three months ended and at September 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	935,817					$	395,361					$	1,331,178					$	894,902					$	511,604					$	1,406,506
			Net premiums written			544,857						271,125						815,982						517,050						339,031						856,081
			Net premiums earned			570,184						521,128						1,091,312						536,451						620,856						1,157,307
			Other insurance related income			688						752						1,440						733						800						1,533
			Net losses and loss expenses			(443,389)						(436,288)						(879,677)						(338,966)						(511,947)						(850,913)
			Acquisition costs			(114,569)						(115,995)						(230,564)						(115,551)						(144,475)						(260,026)
			Underwriting-related general and administrative expenses			(94,379)						(23,456)						(117,835)						(100,559)						(26,060)						(126,619)
			Underwriting loss			$	(81,465)					$	(53,859)					(135,324)						$	(17,892)					$	(60,826)					(78,718)
			Net investment income															101,956																		115,763
			Net investment gains															55,609																		14,527
			Corporate expenses															(20,988)																		(28,903)
			Foreign exchange (losses) gains															(60,734)																		59,543
			Interest expense and financing costs															(15,574)																		(18,042)
			Reorganization expenses															(1,413)																		(11,215)
			Amortization of value of business acquired															(1,028)																		(4,368)
			Amortization of intangible assets															(2,838)																		(2,831)
			Income (loss) before income taxes and interest in income (loss) of equity method investments															$	(80,334)																	$	45,756
			Net losses and loss expenses ratio			77.8		%				83.7		%				80.6		%				63.2		%				82.5		%				73.5		%
			Acquisition cost ratio			20.1		%				22.3		%				21.1		%				21.5		%				23.3		%				22.5		%
			General and administrative expense ratio			16.5		%				4.5		%				12.8		%				18.8		%				4.1		%				13.4		%
			Combined ratio			114.4		%				110.5		%				114.5		%				103.5		%				109.9		%				109.4		%
			Goodwill and intangible assets			$	324,365					$	—					$	324,365					$	346,356					$	—					$	346,356

						2020																		2019
			Nine months ended and at September 30,			Insurance						Reinsurance						Total						Insurance						Reinsurance						Total
			Gross premiums written			$	2,914,100					$	2,564,419					$	5,478,519					$	2,714,322					$	2,923,169					$	5,637,491
			Net premiums written			1,729,268						1,821,692						3,550,960						1,638,197						2,065,263						3,703,460
			Net premiums earned			1,709,268						1,574,673						3,283,941						1,630,473						1,784,653						3,415,126
			Other insurance related income (loss)			2,091						(7,361)						(5,270)						1,779						9,606						11,385
			Net losses and loss expenses			(1,252,569)						(1,211,443)						(2,464,012)						(961,444)						(1,225,959)						(2,187,403)
			Acquisition costs			(343,579)						(354,137)						(697,716)						(344,981)						(417,826)						(762,807)
			Underwriting-related general and administrative expenses			(284,909)						(76,714)						(361,623)						(311,491)						(87,049)						(398,540)
			Underwriting income (loss)			$	(169,698)					$	(74,982)					(244,680)						$	14,336					$	63,425					77,761
			Net investment income															240,098																		361,014
			Net investment gains															45,777																		48,522
			Corporate expenses															(74,915)																		(97,468)
			Foreign exchange (losses) gains															(8,760)																		64,868
			Interest expense and financing costs															(59,641)																		(49,545)
			Reorganization expenses															(822)																		(29,310)
			Amortization of value of business acquired															(4,111)																		(24,666)
			Amortization of intangible assets															(8,564)																		(8,744)
			Income (loss) before income taxes and interest in income (loss) of equity method investments															$	(115,618)																	$	342,432
			Net losses and loss expenses ratio			73.3		%				76.9		%				75.0		%				59.0		%				68.7		%				64.1		%
			Acquisition cost ratio			20.1		%				22.5		%				21.2		%				21.2		%				23.4		%				22.3		%
			General and administrative expense ratio			16.7		%				4.9		%				13.4		%				19.0		%				4.9		%				14.5		%
			Combined ratio			110.1		%				104.3		%				109.6		%				99.2		%				97.0		%				100.9		%
			Goodwill and intangible assets			$	324,365					$	—					$	324,365					$	346,356					$	—					$	346,356

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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No definition available.

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