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

USAA’s Andrade: Auto insurance rates now adequate but homeowners ‘needs more work’

2 days ago | theinsurer.com | Michael Loney

USAA CEO Juan Andrade has said that U.S. personal auto business has reached rate adequacy but homeowners business “is a different story” because of heightened catastrophe losses and a difficult regulatory environment in some states.
Mosaic adds Chubb’s Bonkoski as cyber head, names DeLong global engagement officer

4 days ago | theinsurer.com | Michael Loney

Mosaic Insurance has promoted Yosha DeLong to the new role of global engagement officer and hired Brian Bonkoski from Chubb to lead its cyber business.
Coalition: Cyber insurance claims frequency dropped 7% in 2024

3 weeks 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”.
Hippo CEO: $50 million surplus note will allow Spinnaker to ‘grow more aggressively’

3 weeks 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.
Hippo’s Q1 home insurance program loss ratio jumps to 121% on wildfire losses

1 month 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.
Willis: US cyber carriers aiming for flat rates amid ‘intense competition’

1 month 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.
US cyber DWP continues to shrink but price decreases begin to stabilise

1 month 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.
Beazley confident North America business will grow more this year

1 month ago | theinsurer.com | Michael Loney

Beazley expects to grow more in North America this year while continuing to expand elsewhere despite “brittle” cyber market conditions, CEO Adrian Cox told Cyber Risk Insurer.
Blackbaud ruling brings cyber subrogation into focus

1 month ago | theinsurer.com | Michael Loney

A Delaware state court judge has dismissed amended complaints from insurers looking to recover expenses paid to insureds related to a ransomware attack on Blackbaud.
AI to catalyse cyber insurance growth

1 month ago | theinsurer.com | Michael Loney

The democratisation of AI tools will increase the threat landscape for less penetrated segments of the cyber insurance market, presenting a “catalyst for growth” for reinsurers to diversify their portfolios in emerging regions, said panellists at Zywave’s Cyber Risk Insights event.