Arch underwriting gain climbs to $174mn off 80% jump in mortgage profits
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Arch underwriting gain climbs to $174mn off 80% jump in mortgage profits

James Thaler
October 27, 2021
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Arch logo map finance bermuda.jpg

Underwriting earnings at Arch Capital Group grew by 66%, powered higher by booming mortgage profits that offset underwriting losses in its (re)insurance business.

For the third quarter, Arch’s underwriting gain swelled to $174mn, helped by a $234mn underwriting profit in its mortgage insurance business.

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