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SEGMENT INFORMATION - Segment results (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
reportable_segment
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Segment Reporting [Abstract]                      
Number of reportable segments | reportable_segment                 2    
Segment Information [Line Items]                      
Gross premiums written                 $ 6,826,938 $ 6,898,858 $ 6,910,065
Net premiums written                 4,336,409 4,489,615 4,658,962
Net premiums earned $ 1,087,368 $ 1,091,312 $ 1,104,003 $ 1,088,625 $ 1,172,051 $ 1,157,307 $ 1,123,607 $ 1,134,212 4,371,309 4,587,178 4,791,495
Other insurance related income (loss)                 (8,089) 16,444 10,622
Net losses and loss expenses                 (3,281,252) (3,044,798) (3,190,287)
Acquisition costs                 (929,517) (1,024,582) (968,835)
Underwriting-related general and administrative expenses                 (579,790) (634,831) (627,389)
Underwriting income (loss) (80,835) (135,324) 87,412 (196,767) (49,254) (78,718) 78,659 77,822      
Net investment income 109,503 101,956 45,040 93,101 117,557 115,763 137,949 107,303 349,601 478,572 438,507
Net investment gains 83,356 55,609 53,043 (62,877) 42,712 14,527 21,225 12,767 129,133 91,233 (150,218)
Foreign exchange losses                 (81,069) 12,041 29,165
Interest expense and financing costs                 (75,049) (68,107) (67,432)
Reorganization expenses                 (7,881) (37,384) (66,940)
Amortization of value of business acquired (1,000) (1,000) (1,000) (2,000) (2,000) (4,000) (7,000) (13,000) (5,139) (26,722) (172,332)
Amortization of intangible assets                 (11,390) (11,597) (13,814)
Income (loss) before income taxes and interest in income (loss) of equity method investments                 (129,133) 337,447 12,542
Goodwill and intangible assets 324,288               324,288    
Operating Segments                      
Segment Information [Line Items]                      
Gross premiums written                 6,826,938 6,898,858 6,910,065
Net premiums written                 4,336,409 4,489,615 4,658,962
Net premiums earned                 4,371,309 4,587,178 4,791,495
Other insurance related income (loss)                 (8,089) 16,444 10,622
Net losses and loss expenses                 (3,281,252) (3,044,798) (3,190,287)
Acquisition costs                 (929,517) (1,024,582) (968,835)
Underwriting-related general and administrative expenses                 (477,968) (505,735) (519,168)
Underwriting income (loss)                 $ (325,517) $ 28,507 $ 123,827
Net losses and loss expenses ratio                 75.10% 66.40% 66.60%
Acquisition cost ratio                 21.30% 22.30% 20.20%
General and administrative expense ratio                 13.20% 13.90% 13.10%
Combined ratio                 109.60% 102.60% 99.90%
Goodwill and intangible assets 320,434       332,553       $ 320,434 $ 332,553 $ 343,571
Operating Segments | Insurance                      
Segment Information [Line Items]                      
Gross premiums written                 4,018,399 3,675,931 3,797,592
Net premiums written                 2,357,501 2,209,155 2,324,747
Net premiums earned                 2,299,038 2,190,084 2,362,606
Other insurance related income (loss)                 2,647 2,858 3,460
Net losses and loss expenses                 (1,697,014) (1,278,679) (1,494,323)
Acquisition costs                 (461,533) (468,281) (399,193)
Underwriting-related general and administrative expenses                 (378,839) (401,963) (395,252)
Underwriting income (loss)                 $ (235,701) $ 44,019 $ 77,298
Net losses and loss expenses ratio                 73.80% 58.40% 63.20%
Acquisition cost ratio                 20.10% 21.40% 16.90%
General and administrative expense ratio                 16.50% 18.30% 16.80%
Combined ratio                 110.40% 98.10% 96.90%
Goodwill and intangible assets 320,434       332,553       $ 320,434 $ 332,553 $ 343,571
Operating Segments | Reinsurance                      
Segment Information [Line Items]                      
Gross premiums written                 2,808,539 3,222,927 3,112,473
Net premiums written                 1,978,908 2,280,460 2,334,215
Net premiums earned                 2,072,271 2,397,094 2,428,889
Other insurance related income (loss)                 (10,736) 13,586 7,162
Net losses and loss expenses                 (1,584,238) (1,766,119) (1,695,964)
Acquisition costs                 (467,984) (556,301) (569,642)
Underwriting-related general and administrative expenses                 (99,129) (103,772) (123,916)
Underwriting income (loss)                 $ (89,816) $ (15,512) $ 46,529
Net losses and loss expenses ratio                 76.40% 73.70% 69.80%
Acquisition cost ratio                 22.60% 23.20% 23.50%
General and administrative expense ratio                 4.80% 4.30% 5.10%
Combined ratio                 103.80% 101.20% 98.40%
Goodwill and intangible assets 0       0       $ 0 $ 0 $ 0
Significant Reconciling Items                      
Segment Information [Line Items]                      
Net investment income                 349,601 478,572 438,507
Net investment gains                 129,133 91,233 (150,218)
Foreign exchange losses                 (81,069) 12,041 29,165
Interest expense and financing costs                 (75,049) (68,107) (67,432)
Reorganization expenses                 (7,881) (37,384) (66,940)
Amortization of value of business acquired                 (5,139) (26,722) (172,332)
Amortization of intangible assets                 (11,390) (11,597) (13,814)
Corporate                      
Segment Information [Line Items]                      
Underwriting-related general and administrative expenses $ (27,000) $ (21,000) $ (27,000) $ (27,000) $ (32,000) $ (29,000) $ (32,000) $ (36,000) $ (101,822) $ (129,096) $ (108,221)