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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows (used in)/from operating activities:      
Net (loss)/income $ 534,700,000 $ 51,100,000 $ 29,800,000
Adjustments to reconcile net income/(loss) to net cash flows from operating activities:      
Depreciation and amortization 11,000,000.0 43,300,000 53,300,000
Impairment of lease assets 0 (6,700,000) 400,000
Amortization of right-of-use operating lease assets 10,700,000 10,100,000 12,000,000.0
Interest on operating lease liabilities 4,500,000 5,400,000 5,500,000
Realized and unrealized investment gains (75,900,000) (5,000,000.0) (56,200,000)
Realized and unrealized investment losses 61,400,000 182,600,000 47,400,000
Deferred tax expense/(benefit) (197,700,000) (104,600,000) (3,200,000)
Net realized and unrealized investment foreign exchange gains (5,300,000) 15,900,000 13,000,000.0
Net change from current period hedged transactions (14,000,000.0) 15,400,000 (6,200,000)
Unrealized (gain)/loss on real estate fund in net investment income 17,900,000 (14,500,000) (20,500,000)
Insurance reserves:      
Losses and loss adjustment expenses 99,700,000 99,100,000 483,300,000
Unearned premiums (31,200,000) 345,200,000 310,200,000
Reinsurance recoverables:      
Unpaid losses (319,900,000) 1,599,600,000 109,500,000
Ceded unearned premiums 3,800,000 (141,200,000) (143,100,000)
Other receivables 11,700,000 (26,400,000) (19,400,000)
Deferred acquisition costs 22,800,000 (28,200,000) 13,200,000
Reinsurance premiums payable (563,500,000) 1,404,400,000 1,200,000
Funds withheld 43,600,000 1,100,000 (5,700,000)
Premiums receivable 47,100,000 (177,800,000) (142,900,000)
Income tax payable 3,500,000 (1,300,000) (7,600,000)
Accrued expenses and other payable 13,200,000 (87,000,000.0) 73,500,000
Derivative assets and derivative liabilities 15,400,000 (21,700,000) 13,600,000
Operating lease liabilities (15,500,000) (15,500,000) (17,500,000)
Other 6,900,000 900,000 100,000
Net cash (used in)/from operating activities 324,700,000 (55,000,000.0) 524,700,000
Cash flows (used in)/from investing activities:      
(Purchases) of fixed income securities — Available for sale (1,554,800,000) (1,613,900,000) (2,217,300,000)
(Purchases) of fixed income securities — Trading (418,500,000) (724,600,000) (866,400,000)
Proceeds from sales and maturities of fixed income securities — Available for sale 1,326,700,000 2,212,500,000 1,538,100,000
Proceeds from sales and maturities of fixed income securities — Trading 474,000,000.0 293,600,000 548,200,000
Net proceeds from catastrophe bonds — Trading 1,500,000 500,000 14,300,000
(Purchases) of short-term investments — Available for sale (265,900,000) (55,900,000) (17,200,000)
Proceeds from sale of short-term investments — Available for sale 231,000,000.0 13,600,000 99,600,000
(Purchases) of short-term investments — Trading (15,100,000) (7,000,000.0) (26,800,000)
Proceeds from sale of short-term investments — Trading 19,500,000 2,600,000 60,800,000
(Purchases) of privately-held investments - Available for sale (14,700,000) 0 0
(Purchases) of privately-held investments — Trading (99,000,000.0) (377,900,000) (205,100,000)
Proceeds from sale of privately-held investments — Trading 136,900,000 147,400,000 182,100,000
Net change in (payable)/receivable for securities (purchased)/sold 19,900,000 (31,800,000) 26,600,000
(Purchases) of other investments (9,300,000) (62,500,000) (20,000,000.0)
Net proceeds from sales of other investments 4,900,000 5,900,000 0
Net (purchases)/sales of fixed assets (8,900,000) 3,000,000.0 (64,500,000)
Net (purchases)/sales of investments, equity method (400,000) (2,000,000.0) (2,700,000)
Net cash (used in)/from investing activities (172,200,000) (196,500,000) (950,300,000)
Cash flows used in/from financing activities:      
Repayments of Short-Term Debt (300,000,000.0) 0 0
Proceeds from term loan facility 300,000,000.0 0 0
Capital contribution 0 0 45,000,000.0
Dividends paid on ordinary shares 40,300,000 40,000,000.0 0
Dividends paid on preference shares (49,900,000) (44,600,000) (44,500,000)
Net cash (used in)/from financing activities (90,200,000) (84,600,000) 500,000
Effect of exchange rate movements on cash and cash equivalents 6,600,000 (18,800,000) (8,100,000)
(Decrease)/increase in cash and cash equivalents 68,900,000 (354,900,000) (433,200,000)
Cash and cash equivalents at beginning of period 959,200,000 1,314,100,000 1,747,300,000
Cash and cash equivalents at end of period 1,028,100,000 959,200,000 1,314,100,000
Restricted cash 323,200,000 232,100,000 364,900,000
Supplemental disclosure of cash flow information:      
Net cash paid during the period for income taxes 60,900,000 29,100,000 15,700,000
Cash paid during the period for interest $ 15,600,000 $ 14,300,000 $ 14,000,000.0