Fitch affirms Arch Capital

Fitch Ratings said it affirmed Arch Capital Group Ltd.'s issuer default rating at A and the A- and BBB- ratings on the company's senior unsecured notes and preferred shares, respectively. Fitch also affirmed the A+ insurer financial strength ratings of its various subsidiaries.

The outlook is stable.

The ratings reflect the company's consistently strong profitability, low financial leverage and strong interest and preferred dividend coverage, Fitch said, and support provided by the company's high-quality investment portfolio.

Partially offsetting these factors is the effect of rising accident year combined ratios and reduced underwriting opportunities tied to competitive conditions in many of the company's core business lines, the agency said.

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