SUBSEQUENT EVENTS |
9 Months Ended |
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Sep. 30, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Effective October 1, 2023, Fontana issued $75.0 million of non voting common shares to investors, including $23.7 million to the Company. The Company’s noncontrolling economic ownership in Fontana subsequent to this transaction remained 31.6%. In October 2023, Hurricane Otis impacted Acapulco and the surrounding region of Mexico. The Company is in the preliminary stage of assessing the impact of this event on the Company’s financial results for the fourth quarter of 2023. It is difficult at this time to provide an accurate estimate of the financial impact of this event, including as a result of the preliminary nature of the information available and provided thus far by industry participants, the magnitude and recent occurrence of the event, and other factors. The estimated losses for this event will be reported in the Company's annual 2023 financial results. See “Note 15. Acquisition of Validus” for additional information regarding the Validus Acquisition, which closed on November 1, 2023.
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