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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 25,551 $ 70,234
Adjustments to reconcile net income or loss to net cash provided by operating activities:    
Loss (income) from investments in related party investment fund 483 (42,422)
Net realized and unrealized losses on other investments 11,731 324
Net realized and unrealized losses (gains) on derivatives (13) 58
Share-based compensation expense 4,459 4,577
Accretion of debt offering costs, net of change in interest accruals (691) 1,177
Depreciation expense 44 0
Net change in:    
Reinsurance balances receivable (27,224) (99,318)
Reinsurance recoverable on unpaid loss and loss adjustment expenses 3,007 (40,260)
Deferred acquisition costs (16,227) (2,250)
Unearned premiums ceded (6,578) (18,009)
Loss and loss adjustment expense reserves 77,339 149,598
Unearned premium reserves 54,723 40,793
Reinsurance balances payable (7,912) 19,169
Funds withheld (6,739) 3,499
Other items, net (1,953) (5,200)
Net cash provided by operating activities 110,000 81,970
Cash flows from investing activities    
Proceeds from redemptions of investment in Solasglas 14,000 14,000
Contributions to investment in Solasglas (84,200) (110,576)
Purchases of other investments (2,737) (814)
Proceeds from sale of other investments 984 168
Purchases of other assets (252) 0
Net cash used in investing activities (72,205) (97,222)
Cash flows from financing activities    
Repayment of debt (25,313) (11,876)
Repurchase of ordinary shares (7,000) (7,488)
Net cash used in financing activities (32,313) (19,364)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 664 619
Increase (decrease) in cash, cash equivalents and restricted cash 6,146 (33,997)
Cash, cash equivalents and restricted cash at beginning of the period 649,087 655,730
Cash, cash equivalents and restricted cash at end of the period 655,233 621,733
Supplementary information:    
Interest paid in cash 4,411 3,825
Income tax paid in cash $ 156 $ 192