v3.26.1
Reserve for Loss and Loss Adjustment Expenses - Schedule for Reserve for Loss and LAE (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Insurance [Abstract]          
Reserve for reported loss and LAE $ 269,146   $ 269,146   $ 312,567
Reserve for losses incurred but not reported ("IBNR") 285,195   285,195   324,602
Reserve for loss and LAE 554,341 $ 723,432 554,341 $ 723,432 $ 637,169
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]          
Gross loss and LAE reserves, January 1     637,169 0  
Less: reinsurance recoverable on unpaid losses, January 1     461,197 0  
Net loss and LAE reserves, January 1     175,972 0  
Net incurred losses related to Current year     1,562 1,827  
Net incurred losses related to Prior years     2,208 (7,788)  
Net 1,515 (5,961) 3,770 (5,961)  
Net paid losses related to Current year     (134) (391)  
Net paid losses related to Prior years     (31,611) (22,115)  
Net paid losses     (31,745) (22,506)  
Net Maiden Legacy run-off business acquired     0 221,109  
Effect of foreign exchange rate movements     (5,777) 10,270  
Net loss and LAE reserves, June 30 142,220 202,912 142,220 202,912  
Reinsurance recoverable on unpaid losses, June 30 412,121 520,520 412,121 520,520  
Gross loss and LAE reserves, June 30 $ 554,341 $ 723,432 $ 554,341 $ 723,432