Fitch affirms Arch

Fitch Ratings said it has affirmed its ratings on Arch Capital Group Ltd. and subsidiary as follows: Arch Capital's issuer default rating at A; 7.35% senior unsecured notes at A-; 8.00% series A preferred shares at BBB+; and 7.875% series B preferred shares at BBB+; as well as Arch Reinsurance Ltd. with insurer financial strength rating at A+.

The outlooks are stable.

The affirmations reflect Arch's solid capitalization, high-quality investment portfolio, and consistently good underwriting results, the agency noted, adding that partially offsetting these positive factors is the effect of lower underwriting margins and very difficult investment environment that adversely affected profitability in 2008.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.