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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Statement of Cash Flows [Abstract]    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 25,094 $ 39,619
Cash flows from operating activities:    
Net income attributable to common shareholders (43,201) 305,704
Net income (loss) (43,201) 305,704
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 159 181
Amortization of bond premium and discount (11,846) (77,427)
Share-based compensation 4,116 4,612
Deferred income taxes (935) 1,145
Current income taxes 4,232 (8,439)
Unearned premiums, net (36,289) (18,329)
Losses and loss expenses, net (118,801) (1,371,840)
Ceded premiums payable (1,168) (1,425)
Premium receivables 7,979 5,601
Accrued interest payable 28,971 (63,126)
Amortization of insurance intangible assets 36,278 28,636
Net mark-to-market (gains) losses (382) 452
Net realized investment gains (17,233) (4,862)
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Net of Tax, Portion Attributable to Parent, Available-for-sale Securities 29 299
(Gain) loss on extinguishment of debt 0 (3,115)
Variable interest entity activities (15,921) (574)
Increase (Decrease) in Derivative Assets and Liabilities 12,305 438
Other, net 56,579 10,507
Net cash used in operating activities (95,128) (1,191,562)
Cash flows from investing activities:    
Proceeds from sales of bonds 641,032 296,078
Proceeds from matured bonds 34,681 103,995
Purchases of bonds (182,556) (77,469)
Proceeds from sales of other invested assets 1,749 31,327
Purchases of other invested assets (28,559) (11,758)
Change in short-term investments (477,910) 236,262
Change in cash collateral receivable 56,771 (979)
Proceeds From Financial Guaranty Variable Interest Entity Assets 67,172 79,917
Other, net (225) (377)
Net cash provided by investing activities 112,155 656,996
Cash flows from financing activities:    
Proceeds From Issuance of Tier II Notes 0 240,000
Paydown of Ambac Note (13,146) 0
Paydowns of a secured borrowing 0 (8,797)
Paydown of Financial Guaranty Variable Interest Entity Liabilities (63,022) (79,917)
Payments for extinguishment of surplus notes 0 (191,258)
Payments of Debt Issuance Costs 0 (9,221)
AMPS Proceeds 2,764  
Payments Related to Tax Withholding for Share-based Compensation (2,198) (1,025)
Net cash used in financing activities (75,602) (50,218)
Effect of Exchange Rate on Cash and Cash Equivalents 176 (278)
Net cash flow (58,399) (585,062)
Cash, cash equivalents, and restricted cash at end of period $ 21,840 $ 38,485