Arch Says Catastrophes to Cost Up to $100 Million in Quarter

Arch Capital Group Ltd. (ACGL), the Bermuda-based insurer and reinsurer, said catastrophes will cost the company $90 million to $110 million in the second quarter.

Most of the disasters occurred after March 31, including storms in the U.S., the company said today in a statement distributed by Business Wire.

To contact the reporter on this story: Brooke Sutherland in New York at Bsutherland5@bloomberg.net

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

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