Arch Capital Says New Zealand Quake Losses May Be $70 Million

Arch Capital Group Ltd. (ACGL), the Bermuda-based insurer and reinsurer, said its losses from last month’s Christchurch, New Zealand, earthquake may be as much as $70 million.

The loss will be at least $35 million, the company said today in a statement distributed by Business Wire.

To contact the reporter on this story: April Lee in New York at Alee355@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net.

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