This week, we speak with David Thompson, Chief Investment Officer at Zurich Insurance Company. David has over 35 years of experience in financial markets. We discuss: • The rationale behind recent tariff policies, their effect across economies, and how insurers should adapt. • Why bond market reactions influenced political decisions, and what this reveals about economic policy in practice. • How global market shifts impact both sides of the balance sheet, and why investment strategy matters—even for short-tailed business.