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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows (used in) operating activities:    
Net income $ 10.6 $ 30.8
Proportion due to non-controlling interest 0.2 (0.2)
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 8.9 10.6
Share-based compensation 0.0 4.6
Realized and unrealized investment gains (42.0) (100.6)
Realized and unrealized investment losses 6.2 138.3
Deferred taxes (0.2) 0.6
Change in fair value of loan notes issued by variable interest entities 1.5 (1.0)
Net realized and unrealized investment foreign exchange losses/(gains) 38.7 (1.7)
Net change from current period hedged transactions 1.6 0.7
Amortization of right-of-use operating lease assets 3.3 0.0
Interest on operating lease liabilities 1.2 0.0
Insurance reserves:    
Losses and loss adjustment expenses (132.0) (91.8)
Unearned premiums 203.4 274.9
Reinsurance recoverables:    
Unpaid losses (43.9) (90.4)
Ceded unearned premiums (88.1) (167.7)
Other receivables (19.1) 42.8
Deferred policy acquisition costs (39.3) (25.5)
Reinsurance premiums payable 139.2 130.5
Funds withheld (0.2) (3.1)
Premiums receivable (236.4) (240.7)
Income tax payable 5.5 (3.6)
Accrued expenses and other payables (38.0) (10.4)
Fair value of derivatives and settlement of liabilities under derivatives 45.4 (7.9)
Long-term debt and loan notes issued by variable interest entities 0.0 (12.0)
Operating lease liabilities (4.5) 0.0
Other assets (1.5) 0.0
Net cash (used in) operating activities (179.5) (122.8)
Cash flows from investing activities:    
(Purchases) of fixed income securities — Available for sale (263.6) (647.9)
(Purchases) of fixed income securities — Trading (212.0) (532.9)
Proceeds from sales and maturities of fixed income securities — Available for sale 538.9 388.5
Proceeds from sales and maturities of fixed income securities — Trading 218.3 507.4
(Purchases) of equity securities — Trading 0.0 (16.5)
Net (purchases) of catastrophe bonds — Trading (1.5) (1.5)
Proceeds from sales of equity securities — Trading 0.0 505.6
(Purchases) of short-term investments — Available for sale (90.4) (8.6)
Proceeds from sales of short-term investments — Available for sale 21.2 44.0
(Purchases) of short-term investments — Trading (143.0) (6.0)
Proceeds from sales of short-term investments — Trading 14.2 51.4
Net change in (payable)/receivable for securities sold 1.4 109.8
Net (purchases) of other investments 0.0 0.0
Net (purchases) of equipment (3.6) (8.0)
Net cash from investing activities 79.9 385.3
Cash flows (used in) financing activities:    
Proceeds from the issuance of ordinary shares, net of issuance costs 0.9 0.2
Ordinary shares canceled (0.1) 0.0
Repayment of long-term debt issued by Silverton (0.2) (45.8)
Dividends paid on ordinary shares 0.0 (14.3)
Dividends paid on preference shares (7.6) (7.6)
Cash paid for tax withholding purposes (2.8) (4.2)
Net cash (used in) financing activities (9.8) (71.7)
Effect of exchange rate movements on cash and cash equivalents 1.6 1.3
(Decrease)/increase in cash and cash equivalents (107.8) 192.1
Cash and cash equivalents at beginning of period 1,083.7 1,054.8
Cash and cash equivalents at end of period 975.9 1,246.9
Supplemental disclosure of cash flow information:    
Net cash (received) during the period for income tax (2.3) (0.8)
Cash paid during the period for interest $ 5.5 $ 7.4