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Lockton Market Update - March 2025

Property and casualty insurance market conditions are largely stable at the start of 2025. Warning signs, however, are emerging.Read full report

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Latest news & insights

Lockton Advances Cyber Risk Analytics Through Strategic Partnership with Axio

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Lockton, the world's largest independent insurance brokerage, announced today the launch of a strategic partnership with Axio, a leading provider of cyber risk quantification solutions. As cyber threats grow in frequency and complexity—and insurance markets ti ...
Read moreLockton Advances Cyber Risk Analytics Through Strategic Partnership with Axio

China launches a new voluntary private personal pension scheme [Updated]

China has expanded its voluntary tax-advantaged private personal pension scheme nationwide, following a successful pilot phase in 36 cities. On December 15, 2024, the scheme was extended and enhanced with several improvements to better serve participants. China has expanded its voluntary tax-advantaged private personal pension scheme nationwide, following a successful pilot phase in 36 cities. On December 15, 2024, the scheme was extended and enhanced with several improvements to better serve participants.

Puerto Rico court voids 2022 labor reform

On 20 June 2022, the Puerto Rico government passed Act No. 41-2022 (the “2022 Labor Act”), aiming to amend certain labor provisions to increase protections for private sector workers. However, on 3 March 2023, the United States District Court for Puerto Rico declared the 2022 Labor Act null and void, effectively reinstating the previous labor laws.On 20 June 2022, the Puerto Rico government passed Act No. 41-2022 (the “2022 Labor Act”), aiming to amend certain labor provisions to increase protections for private sector workers. However, on 3 March 2023, the United States District Court for Puerto Rico declared the 2022 Labor Act null and void, effectively reinstating the previous labor laws.

Italy’s new natural catastrophe insurance mandate: key updates and deadlines

Effective March 31, all companies (excluding agricultural companies) based in Italy are required to purchase property insurance coverage for natural disasters, including floods, earthquakes, and landslides. Noncompliance may result in significant sanctions on insurers and/or loss of government incentives to companies.Effective March 31, all companies (excluding agricultural companies) based in Italy are required to purchase property insurance coverage for natural disasters, including floods, earthquakes, and landslides. Noncompliance may result in significant sanctions on insurers and/or loss of government incentives to companies.
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