Mortgage unit helps sustain Arch underwriting performance

Strong performance in Arch's mortgage business helped the
(re)insurer to a steady set of Q1 underwriting results.
Operating profits of $145.7mn broadly kept pace with the
$149.8mn reported in the prior-year period.
But net income slid from $277.9mn to $149.3mn as the company was
hit by lower investment gains and FX losses.
The Bermudian booked gross written premium (GWP) growth of 6.1
percent to $1.39bn.
The increase was driven by strong top-line growth in its
mortgage business and a modest...