Bermudian (re)insurer Arch Capital's first quarter net income fell to $19.3mn from $210.5mn in the same period last year, as a larger-than-expected reserve release from its reinsurance segment offset the major cat activity seen so far in 2011.
Bermudian (re)insurer Arch Capital's first quarter net income fell to $19.3mn from $210.5mn in the same period last year, as a larger-than-expected reserve release from its reinsurance segment offset the major cat activity seen so far in 2011.