week commencing 25/10/20:

As the nation scratches its head over how to trick-or-treat in a socially distanced manner, the team at Luther has taken a break from its pumpkin-carving duties to cast an eye over the latest news. Here’s what caught our attention.

Zeta is latest in US storm season

Tropical storm Zeta slammed into the coast of Louisiana this week as oil and gas producers evacuated rigs. Zeta is the latest event in what has proven to be a very active US Atlantic storm season. External-link. [Insurance Journal]

Optimism over 1/1 renewals

RenRe’s Kevin O’Donnell says that 1/1 renewals will provide one of the best opportunities in recent years to deploy capital. However, economic conditions are pushing cedants towards traditional rated capital. External-link. [Insurance Day]

Clients moving to self-insure

Rising rates and shrinking capacity are leading specialty clients to set up captives and overhaul their insurance programmes. That’s the verdict of Marsh JLT specialty president Lucy Clarke. External-link. [Insurance Insider]

Law firm Linklaters sets up captive

As if to back up Lucy Clarke’s comments, leading law firm Linklaters has announced that it is to set up its own captive insurer to handle professional indemnity insurance. External-link. [Law360]

Canopius raises capital

The Lloyd’s insurer is to raise $400m as it attempts to grow in the US specialty insurance market. Canopius is following a number of Lloyd’s heavyweights to take advantage of favourable conditions. External-link. [Insurance Insider]

Names hungry for Lloyd’s capacity

Trading in Lloyd’s capacity among Names – the market’s private investors – has hit a 16-year high. The first capacity auction of 2020 saw £124m snapped up. External-link. [Insurance Day]

Coverys buys Italian broker

Coverys European Holdings (CEH) continues to expand with the 100% acquisition of Italy-based Lloyd’s wholesale broker Bridge, following its acquisition of AEC Wholesale Group and the launch of Celeritas. External-link. [Insurance Business]

Zaffino to head AIG

Peter Zaffino has been appointed as the new CEO of AIG. He replaces industry veteran Brian Duperreault, who becomes executive chairman. External-link. [Insurance Business UK]

MS Amlin appoints Slabbert CEO

In another people move, Johan Slabbert is to succeed Tom Clementi as CEO of MS Amlin from November. Slabbert joined the business in May as a NED and chair of its board. External-link. [Reinsurance News]

E&S fuels Chubb growth

Chubb CEO Evan Greenberg said that excess and surplus business will be one of his company’s ‘growth engines’ as it continues to outperform its commercial insurer peer group. External-link. [Inside P&C]

Luther launches new content report

If you work in comms or marketing, some of your biggest challenges are around knowing what works best, who reads your content and what is the best format. The answers to these questions and more are revealed in Luther’s new report in conjunction with Slipcase. You can read what we discovered here. External-link. [Content marketing in an era of Covid]

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