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SEGMENT REPORTING (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segment Reporting Information          
Number of operating segments | segment     2    
Gross premiums written $ 184,377 $ 168,346 $ 611,950 $ 554,579  
Net premiums written 162,682 141,748 546,606 489,968  
Net premiums earned 165,419 151,884 495,523 471,818  
Net loss and LAE incurred (88,593) (93,165) (311,556) (304,524)  
Acquisition costs (46,962) (46,162) (140,676) (138,226)  
Other underwriting expenses (7,472) (6,073) (20,311) (18,223)  
Deposit interest expense, net (94) (377) (367) (1,020)  
Underwriting income (loss) 22,298 6,107 22,613 9,825  
Net investment income (loss) (2,950) 10,454 15,807 34,580  
Corporate and other expenses (5,399) (4,253) (14,826) (13,334)  
Income (loss) from investment in Solasglas (14,404) 19,844 (483) 42,422  
Foreign exchange gains (losses) (1,994) 5,826 8,632 3,245  
Interest expense (1,430) (2,018) (4,038) (4,827)  
Income (loss) before income tax (3,879) 35,960 27,705 71,911  
Attritional losses (82,051) (84,590) (263,643) (265,498)  
Large event losses (5,725) (2,083) (12,815) (10,100)  
CAT event losses 0 (12,147) (27,016) (29,869)  
Prior year favorable (adverse) loss development 817 (5,655) 8,082 (943)  
Total net loss and LAE incurred 88,593 93,165 311,556 304,524  
Total allocated assets 2,134,055 2,001,686 2,134,055 2,001,686 $ 2,016,223
Operating Segments          
Segment Reporting Information          
Prior year favorable (adverse) loss development     6,126 (5,330)  
Corporate          
Segment Reporting Information          
Gross premiums written (10) (660) (541) (186)  
Net premiums written (8) (660) (491) (197)  
Net premiums earned (8) 3,514 (490) 20,428  
Net loss and LAE incurred (591) (4,765) (1,726) (29,260)  
Acquisition costs 1 (976) 113 (4,491)  
Other underwriting expenses 0 0 0 0  
Deposit interest expense, net 0 0 0 0  
Underwriting income (loss) (598) (2,227) (2,103) (13,323)  
Net investment income (loss) 2,697 841 9,175 2,386  
Corporate and other expenses (4,675) (3,645) (12,928) (11,326)  
Income (loss) from investment in Solasglas (14,404) 19,844 (483) 42,422  
Foreign exchange gains (losses) (1,994) 5,826 8,632 3,245  
Interest expense (1,430) (2,018) (4,038) (4,827)  
Income (loss) before income tax (20,404) 18,621 (1,745) 18,577  
Attritional losses 19 (552) 230 (12,504)  
Large event losses 0 0 0 0  
CAT event losses 0 (4,647) 0 (12,369)  
Prior year favorable (adverse) loss development 610 (434) 1,956 4,387  
Total net loss and LAE incurred 591 4,765 1,726 29,260  
Total allocated assets 1,513,918 1,456,842 1,513,918 1,456,842  
Open Market | Operating Segments          
Segment Reporting Information          
Gross premiums written 154,994 150,331 528,036 480,703  
Net premiums written 140,372 128,238 478,092 427,539  
Net premiums earned 144,427 126,577 434,622 384,052  
Net loss and LAE incurred (76,590) (76,177) (272,828) (236,280)  
Acquisition costs (40,069) (38,223) (121,850) (112,313)  
Other underwriting expenses (5,446) (4,871) (15,104) (15,165)  
Deposit interest expense, net (94) (377) (367) (1,020)  
Underwriting income (loss) 22,228 6,929 24,473 19,274  
Net investment income (loss) 5,623 9,360 17,023 31,758  
Corporate and other expenses 0 0 0 0  
Income (loss) before income tax 27,851 16,289 41,496 51,032  
Attritional losses (70,010) (71,909) (228,187) (212,462)  
Large event losses (5,725) (2,083) (12,815) (10,100)  
CAT event losses 0 (7,500) (27,016) (17,500)  
Prior year favorable (adverse) loss development 855 (5,315) 4,810 (3,782)  
Total net loss and LAE incurred 76,590 76,177 272,828 236,280  
Total allocated assets 489,755 406,318 489,755 406,318  
Innovations | Operating Segments          
Segment Reporting Information          
Gross premiums written 29,393 18,675 84,455 74,062  
Net premiums written 22,318 14,170 69,005 62,626  
Net premiums earned 21,000 21,793 61,391 67,338  
Net loss and LAE incurred (11,412) (12,223) (37,002) (38,984)  
Acquisition costs (6,894) (6,963) (18,939) (21,422)  
Other underwriting expenses (2,026) (1,202) (5,207) (3,058)  
Deposit interest expense, net 0 0 0 0  
Underwriting income (loss) 668 1,405 243 3,874  
Net investment income (loss) (11,270) 253 (10,391) 436  
Corporate and other expenses (724) (608) (1,898) (2,008)  
Income (loss) before income tax (11,326) 1,050 (12,046) 2,302  
Attritional losses (12,060) (12,129) (35,686) (40,532)  
Large event losses 0 0 0 0  
CAT event losses 0 0 0 0  
Prior year favorable (adverse) loss development (648) 94 1,316 (1,548)  
Total net loss and LAE incurred 11,412 12,223 37,002 38,984  
Total allocated assets $ 130,382 $ 138,526 $ 130,382 $ 138,526