Transactional Risk Insurance Trends in 2025

This report provides an analysis of transactional risk insurance trends in 2025, highlighting the significant surge in merger and acquisition (M&A) activity globally. The document outlines how the total global M&A value approached US$5 trillion, with a notable increase in both the number of transactions and their complexity. It details the rising demand for representations and warranties (R&W) and tax insurance as dealmakers sought to enhance execution certainty and manage risks associated with larger transactions. The report also presents key statistics, including a 34% year-on-year increase in transactional risk limits placed by Marsh, totaling US$91.6 billion, and a 37% increase in the number of policies. Additionally, it notes the shift in buyer behavior, with corporate buyers outpacing private equity firms in utilizing transactional risk insurance. The report concludes with insights into pricing trends and the evolving landscape of claims frequency and severity, indicating a maturing market for transactional risk insurance.