Arch Q1 UW gain up 29% to $736mn driven by surge in reinsurance

Published: Tue 30 Apr 2024

Arch Capital’s Q1 underwriting profits increased by 29 percent to $736mn driven by a 78 percent surge in its reinsurance gain to $379mn and a 12 percent upturn in mortgage, which more than offset a 25 percent drop in insurance underwriting profits to $86mn.