Michael Loney

New York

North American Associate Editor at The Insurer

North American Associate Editor at Program Manager

North American associate editor at @_TheInsurer, covering all aspects of the specialty #insurance and #reinsurance markets

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Articles

Gallagher closes $1.2 billion Woodruff Sawyer acquisition

2 weeks ago | theinsurer.com | Michael Loney

Arthur J Gallagher has completed the previously disclosed $1.2 billion acquisition of San Francisco, California-based Woodruff Sawyer.
James River shareholders criticise award of management bonuses

1 month ago | theinsurer.com | Michael Loney

Two James River shareholders have sent a letter to the carrier’s board stating the pair were left “shocked” by a decision to increase discretionary bonuses to the insurer’s management.
AssuredPartners denied TRO in dispute over Epic’s hire of St. Louis-based trio

1 month ago | theinsurer.com | Michael Loney

A Missouri district court judge has denied AssuredPartners’ motion for a temporary restraining order against Epic Insurance Brokers & Consultants and three St. Louis-based professionals, in an order stating the plaintiff failed to show irreparable harm.
Beazley confirms Shipper as North America commercial property head

1 month ago | theinsurer.com | Michael Loney

Beazley has confirmed the appointment of Lindsay Shipper from Marsh as head of commercial property, North America, a hire that was first reported by this publication on Wednesday.
Chubb’s Greenberg: Market to stay 'reasonably disciplined' amid elevated loss-cost inflation

1 month ago | theinsurer.com | Michael Loney

Evan Greenberg believes the insurance market will stay disciplined despite increasing competition, while the Chubb chairman and CEO has also suggested changing accounting rules to encourage the building of long-term reserves for more severe catastrophe events.
Chubb: Non-US cyber frequency and severity declining in contrast to US claims trends

1 month ago | theinsurer.com | Michael Loney

The frequency and severity of cyber claims in the U.S. continue to grow but are declining outside the U.S., a Chubb report has shown.
Coalition: 58% of ransomware incidents start with compromised VPN devices

1 month ago | theinsurer.com | Michael Loney

Most ransomware claims in 2024, 58%, started with threat actors compromising perimeter security appliances such as virtual private networks or firewalls, according to Coalition’s Cyber Threat Index 2025.
Florida Citizens aims for $4.54 billion of private reinsurance cover for 2025

1 month ago | theinsurer.com | Michael Loney

Citizens Property Insurance Corporation of Florida is targeting $4.54 billion of private reinsurance cover for 2025, including $2.94 billion of risk transfer secured this year in addition to $1.6 billion of existing risk transfer.
Greenlight Re expects LA wildfires losses of up to $30 million

1 month ago | theinsurer.com | Michael Loney

Greenlight Capital Re expects losses of between $15 million and $30 million from the Los Angeles wildfires, while its CEO said that aviation losses related to the Russia-Ukraine conflict have not exhausted its retrocession cover.
Global Indemnity operating income up 58% in 2024, Penn-America combined ratio improves to 95%

1 month ago | theinsurer.com | Michael Loney

Specialty insurer Global Indemnity said on Tuesday that its operating income increased by 58% year on year to $42.9 million in 2024, while current accident year underwriting income increased to $18.8 million from $14.3 million.