Arch Capital Group has released its financial results for the first quarter of 2020, and the international (re)insurer has managed to post a profit – albeit smaller than 2019’s – despite the impact of COVID-19.
In the three-month period, the Bermuda-headquartered group’s net income available to Arch common shareholders amounted to US$133.7 million (around AU$207.5 million), a decrease from last year’s US$438.1 million (around AU$680.1 million).
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