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DERIVATIVE INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023December 31, 2022
  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$49,307 $66 $274 $54,076 $81 $559 
Relating to underwriting portfolio:
Foreign exchange forward contracts1,347,559 4,358 9,891 1,441,273 37,601 144 
Total derivatives$4,424 $10,165 $37,682 $703 
(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, 2023December 31, 2022
Gross amountsGross amounts offset
Net
amounts(1)
Gross amountsGross amounts offset
Net
amounts(1)
Derivative assets$8,708 $(4,284)$4,424 $41,762 $(4,080)$37,682 
Derivative liabilities$14,449 $(4,284)$10,165 $4,783 $(4,080)$703 
(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, 2023December 31, 2022
Gross amountsGross amounts offset
Net
amounts(1)
Gross amountsGross amounts offset
Net
amounts(1)
Derivative assets$8,708 $(4,284)$4,424 $41,762 $(4,080)$37,682 
Derivative liabilities$14,449 $(4,284)$10,165 $4,783 $(4,080)$703 
(1)Net asset and liability derivatives are classified within other assets and other liabilities in the consolidated balance sheets.
Summary of Total Unrealized and Realized Gains (Loss) on Derivatives Not Designated as Hedges Recorded in Earnings
The following table provides the total unrealized and realized gains (losses) recognized in net income (loss) for derivatives not designated as hedges:
  Consolidated statement of operations line item that includes gain (loss) recognized
in net income (loss)		Amount of gain (loss) recognized in
net income (loss)
  202320222021
Relating to investment portfolio:
Foreign exchange forward contractsNet investment gains (losses)$(1,456)$7,656 $4,346 
Relating to underwriting portfolio:
Foreign exchange forward contractsForeign exchange (losses) gains8,121 (31,609)(50,738)
Other underwriting-related contractsOther insurance related income (loss)— 3,542 2,742 
Total$6,665 $(20,411)$(43,650)