Joe Agnello, CEO of Lockton’s Founders Series, shares why the transactional liability market remains exceptionally strong despite softer M&A activity. With more than 20 carriers competing aggressively, broader terms, and lower retentions, R&W insurance continues to outperform expectations. Agnello also highlights a major shift in deal structures: the surge of public-style, no-seller-indemnity clauses, now appearing in nearly two-thirds of recent transactions.