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DERIVATIVE INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Location and Amounts of Derivative Fair Values on the Consolidated Balance Sheet | The following table provides the balance sheet classifications of derivatives recorded at fair value:
|  | December 31, 2022 |  | December 31, 2021 |
|  | Derivative notional amount |  | Derivative asset fair value(1) |  | Derivative liability fair value(1) |  | Derivative notional amount |  | Derivative asset fair value(1) |  | Derivative liability fair value(1) |
| Relating to investment portfolio: |  |  |  |  |  |  |  |  |  |  |  |
| Foreign exchange forward contracts | $ | 54,076 |  |  | $ | 81 |  |  | $ | 559 |  |  | $ | 184,187 |  |  | $ | 13 |  |  | $ | 1,463 |  |
| Relating to underwriting portfolio: |  |  |  |  |  |  |  |  |  |  |  |
| Foreign exchange forward contracts | 1,441,273 |  |  | 37,601 |  |  | 144 |  |  | 1,258,836 |  |  | 3,103 |  |  | 13,524 |  |
| Other underwriting-related contracts | — |  |  | — |  |  | — |  |  | 50,000 |  |  | — |  |  | 5,630 |  |
| Total derivatives |  |  | $ | 37,682 |  |  | $ | 703 |  |  |  |  | $ | 3,116 |  |  | $ | 20,617 |  |
(1)Derivative assets and derivative liabilities are classified within other assets and other liabilities in the consolidated balance sheets.
Summary of Reconciliation of Gross Derivative Assets to Net Amounts Presented in Balance Sheets | The following table provides a reconciliation of gross derivative assets and liabilities to the net amounts presented in the consolidated balance sheets, with the difference being attributable to the impact of master netting agreements:
|  | December 31, 2022 |  | December 31, 2021 |
|  | Gross amounts | Gross amounts offset | Net amounts(1) |  | Gross amounts | Gross amounts offset | Net amounts(1) |
| Derivative assets | $ | 41,762 |  | $ | (4,080) |  | $ | 37,682 |  |  | $ | 9,047 |  | $ | (5,931) |  | $ | 3,116 |  |
| Derivative liabilities | $ | 4,783 |  | $ | (4,080) |  | $ | 703 |  |  | $ | 26,548 |  | $ | (5,931) |  | $ | 20,617 |  |
(1)Net asset and liability derivatives are classified within other assets and other liabilities in the consolidated balance sheets.
Summary of Reconciliation of Gross Derivative Liabilities to Net Amounts Presented in Balance Sheets | The following table provides a reconciliation of gross derivative assets and liabilities to the net amounts presented in the consolidated balance sheets, with the difference being attributable to the impact of master netting agreements:
|  | December 31, 2022 |  | December 31, 2021 |
|  | Gross amounts | Gross amounts offset | Net amounts(1) |  | Gross amounts | Gross amounts offset | Net amounts(1) |
| Derivative assets | $ | 41,762 |  | $ | (4,080) |  | $ | 37,682 |  |  | $ | 9,047 |  | $ | (5,931) |  | $ | 3,116 |  |
| Derivative liabilities | $ | 4,783 |  | $ | (4,080) |  | $ | 703 |  |  | $ | 26,548 |  | $ | (5,931) |  | $ | 20,617 |  |
(1)Net asset and liability derivatives are classified within other assets and other liabilities in the consolidated balance sheets.
Derivatives Not Designated as Hedging Instruments | The following table provides the total unrealized and realized gains (losses) recognized in net income (loss) for derivatives not designated as hedges:
|  | Consolidated statement of operations line item that includes gain (loss) recognized in net income (loss) | Amount of gain (loss) recognized in net income (loss) |
|  | 2022 |  | 2021 |  | 2020 |
| Relating to investment portfolio: |  |  |  |  |  |  |
| Foreign exchange forward contracts | Net investment gains (losses) | $ | 7,656 |  |  | $ | 4,346 |  |  | $ | (2,434) |  |
| Relating to underwriting portfolio: |  |  |  |  |  |  |
| Foreign exchange forward contracts | Foreign exchange (losses) gains | (31,609) |  |  | (50,738) |  |  | 44,166 |  |
| Other underwriting-related contracts | Other insurance related income (loss) | 3,542 |  |  | 2,742 |  |  | (9,035) |  |
| Total |  | $ | (20,411) |  |  | $ | (43,650) |  |  | $ | 32,697 |  |

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