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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

Puerto Rico court voids 2022 labor reform

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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 d ...
Read morePuerto Rico court voids 2022 labor reform

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.

Lockton launches Professional and Executive Risk, transforming its global financial lines business

Lockton, the world’s largest independent insurance brokerage, has announced today the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice: Lockton Professional and Executive Risk. Lockton, the world’s largest independent insurance brokerage, has announced today the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice: Lockton Professional and Executive Risk.

Hungary amends leave entitlements

Hungary recently made amendments to its Labor Code that took effect on 1 January 2025, including an extension of the period within which paternity leave can be taken and the introduction of an exemption from work for participation in elections.Hungary recently made amendments to its Labor Code that took effect on 1 January 2025, including an extension of the period within which paternity leave can be taken and the introduction of an exemption from work for participation in elections.
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