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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

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

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

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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 ...
Read moreItaly’s new natural catastrophe insurance mandate: key updates and deadlines

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.

Malta increases urgent family leave

Malta is significantly increasing employer-paid urgent family leave for employees, raising it from 15 hours to 32 hours per year. This change will take effect from 4 April 2025.Malta is significantly increasing employer-paid urgent family leave for employees, raising it from 15 hours to 32 hours per year. This change will take effect from 4 April 2025.

Thailand to implement national Employee Welfare Fund

Thailand recently issued regulations to implement the Employee Welfare Fund (“EWF”), which is intended to provide financial support to employees on employment termination or death. The regulations require employers and employees to start making contributions to the EWF from 1 October 2025.Thailand recently issued regulations to implement the Employee Welfare Fund (“EWF”), which is intended to provide financial support to employees on employment termination or death. The regulations require employers and employees to start making contributions to the EWF from 1 October 2025.
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