News

Mobile apps will be as influential to insurance as the original move to the Web, according to Vertafore President and CEO Euan Menzies.

Mobile apps will be as influential to insurance as the original move to the Web, according to Vertafore President and CEO Euan Menzies.

The first quarter of 2012 hit a record in the catastrophe-bond market as property and casualty insurance sponsors introduced eight new tranches, increasing the issuance of securities by 32 percent over the same period last year.

Property and casualty insurer Hanover Insurance Group Inc posted a quarterly profit above Wall Street estimates for the third time on the trot, helped by lower catastrophe losses and firming insurance rates.

The Lloyd's of London insurance market said there had been no change to its expected financial performance this year thanks to a lack of major claims during the first quarter.

Radian Group Inc posted a second straight quarterly loss, hurt by the change in value of derivatives and other financial instruments, but the mortgage insurer said its risk ratios improved in the quarter.