Arch Capital Group...
... has posted first-half net earnings of $292m, a decline of 23.5% that reflected net impairment losses of $56.9m, more than double the year-earlier $23.3m, and a swing to realized investment losses of $20.4m from year-earlier gains of $43.6m. Underwriting income fell 3.6% to $183m on net earned premiums of $1.4bn, down 1%, as the combined ratio rose to 87% from 86.6%.