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COLLATERALIZED REINSURANCE, TRUST AGREEMENTS AND OTHER RESTRICTED ASSETS (Tables)
 9 Months Ended
Sep. 30, 2024
Collateralized Reinsurance And Trust Agreements [Abstract]  
Schedule of Restricted Assets The following table summarizes the Company’s restricted assets:
At September 30,At December 31,
(Dollars in millions)20242023
Collateral in trust for non-affiliated agreements (1)
$3,299 $3,208 
Collateral for secured letter of credit facilities1,380 1,438 
Collateral for FHLB borrowings1,078 1,077 
Securities on deposit with or regulated by government authorities1,482 1,447 
Funds at Lloyd's481 538 
Funds held by reinsureds1,229 1,135 
Total restricted assets8,949 8,843 
(1) At September 30, 2024 and December 31, 2023, the total amount on deposit in trust accounts includes $353 million and $243 million of restricted cash, respectively.
Schedule of Premiums and Losses Ceded
The following table summarizes the premiums and losses that are ceded by the Company to Mt. Logan Re segregated accounts and assumed by the Company from Mt. Logan Re segregated accounts.
Three Months Ended
September 30,		Nine Months Ended
September 30,
Mt. Logan Re Segregated Accounts2024202320242023
(Dollars in millions)
Ceded written premiums$235 $89 $404 $187 
Ceded earned premiums79 74 260 172 
Ceded losses and LAE44 26 107 79 
Assumed written premiums4 2 6 3 
Assumed earned premiums4 2 6 3 
Assumed losses and LAE— — — — 
Schedule of Collateralized Reinsurance Agreements The table below summarizes the various agreements.
(Dollars in millions)
ClassDescriptionEffective DateExpiration DateLimitCoverage Basis
Series 2019-1 Class A-2US, Canada, Puerto Rico – Named Storm and Earthquake Events12/12/201912/19/2024150 Occurrence
Series 2019-1 Class B-2US, Canada, Puerto Rico – Named Storm and Earthquake Events12/12/201912/19/2024275 Aggregate
Series 2021-1 Class A-1US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/21/2025150 Occurrence
Series 2021-1 Class B-1US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/21/202585 Aggregate
Series 2021-1 Class C-1US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/21/202585 Aggregate
Series 2021-1 Class A-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/2026150 Occurrence
Series 2021-1 Class B-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/202690 Aggregate
Series 2021-1 Class C-2US, Canada, Puerto Rico – Named Storm and Earthquake Events4/8/20214/20/202690 Aggregate
Series 2022-1 Class AUS, Canada, Puerto Rico – Named Storm and Earthquake Events6/22/20226/25/2025300 Aggregate
Series 2024-1 Class AUS, Canada, Puerto Rico – Named Storm and Earthquake Events6/27/20246/30/202875 Occurrence
Series 2024-1 Class BUS, Canada, Puerto Rico – Named Storm and Earthquake Events6/27/20246/30/2028125 Occurrence
Total available limit as of September 30, 2024$1,575