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Arch Q1 falls but analysts impressed

Bermudian (re)insurer Arch Capital reported net income for the first quarter of the year to end-March was $139.9m, down from $189.4m.

Net operating income fell to $169m for the 2009 first quarter, compared to $202m for the 2008 first quarter.
However, analysts at Keefe, Bruyette & Woods were pleased with the Arch's net written

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