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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 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 amounts of allocated goodwill and intangible assets:

			At and year ended December 31, 2020			Insurance						Reinsurance						Total
			Gross premiums written			$	4,018,399					$	2,808,539					$	6,826,938
			Net premiums written			2,357,501						1,978,908						4,336,409
			Net premiums earned			2,299,038						2,072,271						4,371,309
			Other insurance related income (loss)			2,647						(10,736)						(8,089)
			Net losses and loss expenses			(1,697,014)						(1,584,238)						(3,281,252)
			Acquisition costs			(461,533)						(467,984)						(929,517)
			Underwriting-related general and administrative expenses			(378,839)						(99,129)						(477,968)
			Underwriting income (loss)			$	(235,701)					$	(89,816)					$	(325,517)
			Net investment income															349,601
			Net investment gains															129,133
			Corporate expenses															(101,822)
			Foreign exchange losses															(81,069)
			Interest expense and financing costs															(75,049)
			Reorganization expenses															(7,881)
			Amortization of value of business acquired															(5,139)
			Amortization of intangible assets															(11,390)
			Income (loss) before income taxes and interest in income (loss) of equity method investments															$	(129,133)
			Net losses and loss expenses ratio			73.8		%				76.4		%				75.1		%
			Acquisition cost ratio			20.1		%				22.6		%				21.3		%
			General and administrative expense ratio			16.5		%				4.8		%				13.2		%
			Combined ratio			110.4		%				103.8		%				109.6		%
			Goodwill and intangible assets			$	320,434					$	—					$	320,434

			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)
			Underwriting-related 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 (loss) 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)
			Underwriting-related 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 (loss) 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

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,			2020						2019						2018
			Bermuda			$	602,432					$	738,258					$	606,452
			Ireland			1,516,596						1,679,646						1,805,882
			U.S.			3,398,108						3,090,547						2,811,537
			Lloyd's of London			1,309,802						1,390,407						1,686,194
			Gross premiums written			$	6,826,938					$	6,898,858					$	6,910,065

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,			2020						2019						2018
			Insurance
			Property			$	605,650					$	633,550					$	796,945
			Marine			293,746						281,764						300,944
			Terrorism			47,378						47,345						49,150
			Aviation			70,910						55,028						74,203
			Credit and political risk			105,869						91,698						102,825
			Professional lines			715,276						661,250						570,241
			Liability			313,291						264,667						229,373
			Accident and health			143,723						144,499						207,777
			Discontinued lines - Novae			3,195						10,283						31,148
			Total Insurance			2,299,038						2,190,084						2,362,606
			Reinsurance
			Catastrophe			244,934						267,591						250,016
			Property			256,244						311,625						317,038
			Credit and surety			187,721						208,717						250,276
			Professional lines			207,605						206,328						220,687
			Motor			255,916						398,565						438,693
			Liability			396,906						373,664						363,292
			Engineering			60,521						63,899						67,932
			Agriculture			73,696						188,925						176,435
			Marine and aviation			53,516						59,209						35,570
			Accident and health			333,996						319,619						299,813
			Discontinued lines - Novae			1,216						(1,048)						9,137
			Total Reinsurance			2,072,271						2,397,094						2,428,889
			Total			$	4,371,309					$	4,587,178					$	4,791,495

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