Contents

01

Navigating familiar tracks

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02

Executive summary

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03

A new economic normal

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04

Insurers rolling along

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05

Political & legislative uncertainty persists

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06

Recent outages shine spotlight on systemic cyber risks

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07

Our recommendations

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08

Property market continues to favor buyers

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09

Workers’ compensation remains stable despite rate adequacy concerns

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10

Risk quality & discipline seen as foundations for liability growth

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11

Stability reigns for executive risks

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12

Competition continues to fuel buyer-friendly cyber market

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Contributors


Vince Gaffigan, U.S. Market Strategy and Engagement Group Leader

Devin Beresheim, U.S. Risk Solutions Leader

Sarah Downey, U.S. Professional and Executive Risk Leader

Greg Spore, U.S. Markets Leader, Professional and Executive Risk

Mike Andler, U.S. Property Leader

Jeff Fleming, Managing Partner, North America, Lockton Re

Justin Lorence, Managing Partner, North America, Lockton Re

Peter Rapciewicz, U.S. Casualty Leader

Brandi Underhill, Technical Intelligence and Emerging Risks Practice Leader

Jessica Cullen, U.S. Head of Excess Casualty and Operations

Jaimie Hunter, Senior Broker, Lockton Re

Kelly Thoerig, U.S. D&O and EPL Product Leader

Matt Klein, U.S. Fidelity Product Leader

Steve Cohen, U.S. Fiduciary Liability Product Leader

Michelle Faylo, U.S. Cyber and Technology Leader

Chuck Jainchill, U.S. Cyber and Technology Product Leader

Deborah Hirschorn, U.S. Cyber and Technology Claims Leader

Brendan Fitzpatrick, Privacy and Cyber Risk Consultant

Brian Lewis, Cyber Practice Lead, North America, Lockton Re

Scott Behrens, Director, Government Relations

Editor


Anand Poola, Content Director, Risk Solutions

Contents

© 2025 Lockton Companies. All rights reserved.

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