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Arch Capital Group -2.6% after profit warning

Jun. 07, 2017 11:29 AM ETArch Capital Group Ltd. (ACGL) StockACGLBy: Stephen Alpher, SA News Editor
  • At issue is the company's property facultative reinsurance operations. Arch (ACGL -2.6%) expects a hit (relative to normal profitability) of $38M in Q2, related to losses incurred on a small number of contracts across multiple underwriting years.
  • Arch notes the operation has been consistently and significantly profitable since its 2007 inception.

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