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Related party transactions
 9 Months Ended
Sep. 30, 2026
Related Party Transactions [Abstract]  
Related party transactions
16. Related party transactions
In addition to the transactions disclosed in Notes 3, 9, and 14 to these consolidated financial statements, the following transactions are classified as related party transactions, as the counterparties have either a direct or indirect shareholding in the Company or the Company has an investment in such counterparty.
(Re)insurance contracts
During the three and nine months ended September 30, 2026, insurance and reinsurance contracts with certain of the Company’s insurance and MGA-related parties resulted in gross written premium of $25.1 million and $81.5 million, respectively (2025 - $42.2 million and $53.9 million, respectively). As of September 30, 2026, the Company had total receivables of $83.8 million and no payables, respectively, from these related parties (December 31, 2025 - receivables of $86.4 million and no payables).
Investments managed by related parties
The following table provides the fair value of the Company's investments managed by related parties as of September 30, 2026 and December 31, 2025:
September 30,
2026		December 31,
2025
Third Point Enhanced LP (1)
$41.8 $82.2 
Third Point Insurance Solutions Fund I LLC (1)
3.7 1.6 
Third Point Structured Credit Opportunities Fund (1)
36.1 — 
Third Point Venture Offshore Fund I LP (1)
33.4 27.7 
Third Point Venture Offshore Fund II LP (1)
8.8 6.3 
Third Point Optimized Credit Portfolio (2)
98.8 652.8 
Total investments managed by related parties$222.6 $770.6 
(1)The Third Point Enhanced LP, Third Point Insurance Solutions Fund I LLC, Third Point Structured Credit Opportunities Fund, Third Point Venture Offshore Fund I LP, and Third Point Venture Offshore Fund II LP are reported in Other long-term investments in the consolidated balance sheets.
(2)The Third Point Optimized Credit Portfolio is primarily reported in Debt securities, available for sale and trading, in the consolidated balance sheets.
On September 23, 2025, the Company notified Third Point LLC of its intent to withdraw investments from the Third Point Optimized Credit Portfolio. The liquidation and withdrawal of the investments is proceeding in an orderly manner, pursuant to the existing investment management agreement and consistent with the parties' discussions. The fair value of our investments will continue to change over time, and the remaining carrying value in the portfolio is shown in the table above.
Management, advisory and performance fees to related parties
The total management, advisory and performance fees to related parties for the three and nine months ended September 30, 2026 and 2025 were as follows:
Three months endedNine months ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Management and advisory fees$(0.1)$1.4 $1.5 $3.8 
Performance fees— — — (0.4)
Total management, advisory and performance fees to related parties (1)
$(0.1)$1.4 $1.5 $3.4 
(1)Management, advisory and performance fees to related parties, where applicable, are presented within Net investment gains (losses) in the consolidated statements of income.