Description: Firstly, many congratulations to the Lionesses for winning EUFA Women’s Euro 2025 and a special mention to Lucy Bronze for playing with a broken leg, I trust her health insurance will come into play. Meanwhile, we saw the launch of the new Pensions Commission, and the appointment of such a distinguished panel, including Baroness Drake whose legacy in shaping the UK’s retirement system is profound. They have their work cut out for them for them with issues abounding from auto-enrolment contributions, State Pension age, pension adequacy among them. Our cover story this month comes from Ester Calavia Garsaball from WTW looking at risk management form climate and geopolitical shocks and how they manage hyper-volatility. We also have Ian Dempsey on behalf of uk lifeinsurance.com looking at how high net worths turn to Life Insurance to protect estates. Our regular authors give their insights including, among others, Daniel Sacks from LCP on the future of pricing and underwriting in the London Market and Dale Critchley from Aviva exploring getting default income solution right.