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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary 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
			December 31, 2021
			Gross amount			$	95,890					$	120,784					$	394,604					$	611,278
			Accumulated amortization			n/a						n/a						(291,901)						(291,901)
			Accumulated translation adjustment			4,911						—						—						4,911
						100,801						120,784						102,703						324,288
			Amortization			n/a						n/a						(14,770)						(14,770)
			Impairment charges			—						—						—						—
			At December 31, 2022
			Gross amount			95,890						120,784						394,604						611,278
			Accumulated amortization			n/a						n/a						(306,671)						(306,671)
			Accumulated translation adjustment			4,911						—						—						4,911
						100,801						120,784						87,933						309,518
			Amortization			n/a						n/a						(10,917)						(10,917)
			Impairment charges			—						—						—						—
			At December 31, 2023
			Gross amount			95,890						120,784						394,604						611,278
			Accumulated amortization			n/a						n/a						(317,588)						(317,588)
			Accumulated translation adjustment			4,911						—						—						4,911
						100,801						120,784						77,016						298,601
			Amortization			n/a						n/a						(10,917)						(10,917)
			Impairment charges			—						—						—						—
						$	100,801					$	120,784					$	66,099					$	287,684

n/a – not applicable

Summary of Finite-Lived Intangible Assets

The tables below provide details of the gross amount and accumulated amortization by category of value of business acquired ("VOBA") and intangible assets:

									VOBA and intangible assets
			At December 31, 2023						Gross amount						Accumulated amortization						Total
			U.S. state licenses						$	26,036					n/a						$	26,036
			Syndicate capacity (2)						94,748						n/a						94,748
			Customer relationships and customers lists - Ternian (1)						13,330						(11,661)						1,669
			VOBA - Novae (2)						256,942						(256,942)						—
			Coverholders (2)						63,565						(33,110)						30,455
			Large brokers (2)						46,641						(19,435)						27,206
			SME brokers (2)						14,126						(7,357)						6,769
									$	515,388					$	(328,505)					$	186,883

n/a – not applicable

(1)    On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC (renamed AXIS Group Benefits LLC in 2022) and recognized the definite life intangible assets detailed above.

(2)    On October 2, 2017, the Company acquired Novae and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.

									VOBA and intangible assets
			At December 31, 2022						Gross amount						Accumulated amortization						Total
			U.S. state licenses						$	26,036					n/a						$	26,036
			Syndicate capacity (2)						94,748						n/a						94,748
			Customer relationships and customers lists - Ternian (1)						13,330						(10,329)						3,001
			VOBA - Novae (2)						256,942						(256,942)						—
			Coverholders (2)						63,565						(27,812)						35,753
			Large brokers (2)						46,641						(16,325)						30,316
			SME brokers (2)						14,126						(6,180)						7,946
									$	515,388					$	(317,588)					$	197,800

n/a – not applicable

(1)     On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC (renamed AXIS Group Benefits LLC in 2022) and recognized the definite life intangible assets detailed above.

(2)    On October 2, 2017, the Company acquired Novae and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.

Summary of Indefinite-Lived Intangible Assets

The tables below provide details of the gross amount and accumulated amortization by category of value of business acquired ("VOBA") and intangible assets:

									VOBA and intangible assets
			At December 31, 2023						Gross amount						Accumulated amortization						Total
			U.S. state licenses						$	26,036					n/a						$	26,036
			Syndicate capacity (2)						94,748						n/a						94,748
			Customer relationships and customers lists - Ternian (1)						13,330						(11,661)						1,669
			VOBA - Novae (2)						256,942						(256,942)						—
			Coverholders (2)						63,565						(33,110)						30,455
			Large brokers (2)						46,641						(19,435)						27,206
			SME brokers (2)						14,126						(7,357)						6,769
									$	515,388					$	(328,505)					$	186,883

n/a – not applicable

(1)    On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC (renamed AXIS Group Benefits LLC in 2022) and recognized the definite life intangible assets detailed above.

(2)    On October 2, 2017, the Company acquired Novae and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.

									VOBA and intangible assets
			At December 31, 2022						Gross amount						Accumulated amortization						Total
			U.S. state licenses						$	26,036					n/a						$	26,036
			Syndicate capacity (2)						94,748						n/a						94,748
			Customer relationships and customers lists - Ternian (1)						13,330						(10,329)						3,001
			VOBA - Novae (2)						256,942						(256,942)						—
			Coverholders (2)						63,565						(27,812)						35,753
			Large brokers (2)						46,641						(16,325)						30,316
			SME brokers (2)						14,126						(6,180)						7,946
									$	515,388					$	(317,588)					$	197,800

n/a – not applicable

(1)     On April 1, 2015, the Company completed its acquisition of Ternian Insurance Group LLC (renamed AXIS Group Benefits LLC in 2022) and recognized the definite life intangible assets detailed above.

(2)    On October 2, 2017, the Company acquired Novae and recognized finite lived intangible assets, including VOBA, distribution networks, and indefinite lived intangible assets related to Lloyd's syndicate capacity, all detailed above.

Summary of Future Amortization Expense

The table below provides details of estimated amortization expense of intangible assets with a finite life:

																					Total
			2024																		$	10,916
			2025																		9,919
			2026																		9,583
			2027																		9,583
			2028																		9,583
			After 2028																		16,515
			Total remaining amortization expense																		66,099
			Indefinite lived intangible assets																		120,784
			Total intangible assets																		$	186,883

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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