Contents

01

Responding strategically to uncertain times

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02

Economic uncertainty abounds

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03

2025’s tariff roller coaster: A timeline

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04

Insurers maintain strong returns

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05

A spotlight on geopolitics

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06

Our recommendations

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07

Softening in property market accelerates

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08

Workers’ compensation stays profitable & competitive

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09

Escalating loss trends remain a challenge for liability insurers

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10

D&O rates nearing bottom

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11

Competitive cyber market conditions persist

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Contributors


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

Devin Beresheim, U.S. Risk Solutions Leader

Sarah Downey, Head of Operations, Professional and Executive Risk

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

Michael Andler, Property Practice Leader

Michelle Faylo, Cyber and Technology Leader

Brandi Underhill, Technical Intelligence and Emerging Risks Practice Leader

Lindsay Coe, Managing Director, Professional and Executive Risk

Joe Class, Senior Account Executive, Professional and Executive Risk

Michael Lombardi, Executive Vice President, Global Solutions

Rick Garcia, Director of Operations, Global Solutions

Katrina Schellens, Senior Vice President, Global Solutions

Emily Apostolides, Co-Head, Casualty and Financial Lines Segment, Lockton Re

Jeff Fleming, Co-Head, Property Segment, Lockton Re

Justin Lorence, Co-Head, Property Segment, Lockton Re

Editor


Anand Poola, Content Director, Risk Solutions

© 2025 Lockton Companies. All rights reserved.

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