Michael Loney

2 days ago | theinsurer.com | Michael Loney

Coalition policyholders reported a 7% decrease in cyber claims frequency and stable severity in 2024, but the insurtech warned that “ransomware is already back with a vengeance in 2025”.

3 days ago | theinsurer.com | Michael Loney

Hippo’s CEO has told The Insurer that a new $50 million surplus note will allow its Spinnaker fronting business to grow “aggressively” by supporting existing partners, adding new partners and taking on more underwriting risk on attractive programs.

1 week ago | theinsurer.com | Michael Loney

Hippo has reported that the gross loss ratio for its home insurance program worsened by 41 points to 121% in the first quarter, while the insurtech also announced it is raising a $50 million surplus note.

1 week ago | theinsurer.com | Michael Loney

Cyber carriers are aiming for flat rates in the U.S. despite intense competition and increased capacity, including several new insurers and additional facilities joining the market, according to reports from Willis and Marsh.

2 weeks ago | theinsurer.com | Michael Loney

Premiums in the U.S. cyber market fell for the second year in a row in 2024 with rates remaining under pressure, according to a Fitch analysis, although brokers report indications of price stabilisation.