The following is a LinkedIn Article written by Jay Rittberg, Managing Principal at Euclid Transactional.
Euclid Transactional‘s August 2025 representation and warranty/warranty and indemnity insurance (RWI) data reflected a high level of M&A activity as we wrapped up a record-setting summer. Despite macroeconomic uncertainty and continuing threats from international trade disputes, falling interest rates and buyers’ apparently increasing optimism about deal making could lead to strong finish to 2025.
In August, Euclid Transactional received 792 global RWI submissions, our highest August tally on record, surpassing 2024 by 6%. Global RWI submissions for the summer months of June through August also totaled the highest number on record, topping the summer of 2024 by 14%. Our 126 global bound policy total in August was the second highest monthly amount for any August in our history, and only 5 bound policies less than the previous high-water mark from 2024. We tied our summer record with 412 bound policies from June through August, matching the total from the same period in 2024. The average enterprise value in August reached $430.7 million, the 4th highest monthly total of the year, a 30% increase over August of last year.
Euclid Transactional remains focused on increasing and maintaining sustainable RWI rates on line to continue to deliver the exceptional underwriting service and fair and efficient claims process for which we are known. We proudly announced earlier this year that we eclipsed $1 billion in RWI claims paid in less than 9 years of operation, including $300 million in RWI claims paid in 2024 alone. While aggregate premium rates have been rising in 2025, they remain below the levels most industry experts consider profitable and sustainable. Our 2024 Global RWI Claims Study highlights the increasing severity of loss payments, underscoring the urgent need for meaningful and lasting upward rate movement.
Do our numbers align with your experiences in the M&A and RWI markets? What are your expectations for M&A in the Q4 of 2025? Feel free reach out to Euclid Transactional to discuss these or any other topics.
