Arch Capital has reported a 10.6% increase in its net income to $129.6m during the first three months of the year (Q1 2005: $115.9m).
The insurer and reinsurer reported net written premiums of $873.7m during the first quarter of this year, compared with $799.8m during the same period a year earlier.
Arch's combined ratio improved to 88.3% during the first quarter of this year from 88.8% during the first three months of 2005.