{"id":8796,"date":"2023-03-06T07:12:01","date_gmt":"2023-03-06T15:12:01","guid":{"rendered":"https:\/\/euclidtransactional.com\/euclidtransactional\/?p=8796"},"modified":"2023-03-06T12:29:51","modified_gmt":"2023-03-06T20:29:51","slug":"euclid-transactional-rw-wi-insurance-february-2023-update","status":"publish","type":"post","link":"https:\/\/euclidtransactional.com\/euclidtransactional\/euclid-transactional-rw-wi-insurance-february-2023-update\/","title":{"rendered":"Euclid Transactional R&W\/W&I Insurance February 2023 Update"},"content":{"rendered":"

Managing Principal Jay Rittberg highlighted January’s record-breaking numbers in a recent blog. Read more about Euclid Transactional’s success in his blog (linked here<\/a>) or view the full text below.<\/em><\/p>\n

Euclid Transactional R&W\/W&I Insurance February 2023 Update<\/h2>\n

January was a record month at Euclid Transactional, despite persistent inflation and financing concerns.\u00a0We bound the most representation and warranty\/warranty and indemnity (R&W\/W&I) insurance policies of any January in our history. \u00a0Larger sized deals, particularly with transaction values over $1 billion, were down significantly and we saw the average transaction value for submissions for insurance fall to $223 million, the lowest since May 2020, when Covid fears severely impacted deal making.\u00a0Overall submission volumes for R&W\/W&I insurance policies remained at high levels, and we received the third most January submissions ever.\u00a0Policy bindings were 17% higher than our January record set in 2021, and 37% higher than in January 2022.\u00a0\u00a0We bound 67 R&W\/W&I insurance policies worldwide in January and received 516 R&W\/W&I insurance policy submissions.<\/p>\n

Euclid Transactional Global R&W\/W&I Insurance January 2019 \u2013 January 2023<\/span><\/strong><\/p>\n

\"No<\/p>\n

\"No<\/p>\n

With the continuing trend of fewer larger deals, our aggregate primary R&W policy rate in North America decreased slightly in January vs. December. \u00a0Primary rates are still higher than rates in pre-Covid periods, and we believe the rates for our policies reflects our clients\u2019 and brokers\u2019 recognition of Euclid Transactional\u2019s and other established markets\u2019 proven track record for deal execution and fair and efficient payouts of over a billion dollars in claims.\u00a0Rates also reflect significant additional underwriting and claims-handling resources required to address the unprecedented increase in M&A volume and demand for transactional insurance services as noted in our recent claims focused post- https:\/\/lnkd.in\/eKqdiWuQ<\/a>. Do our numbers align with your experiences in the M&A and R&W insurance markets? What are your deal expectations for 2023? \u00a0Feel free reach out to Euclid Transactional to discuss these or any other topics.<\/p>\n

Euclid Transactional Global R&W\/W&I Insurance Monthly Submissions and Average Transaction Values March 2020 \u2013 January 2023<\/span><\/strong><\/p>\n

\"No<\/p>\n","protected":false},"excerpt":{"rendered":"

Managing Principal Jay Rittberg highlighted January’s record-breaking numbers in a recent blog. Read more about Euclid Transactional’s success in his blog (linked here) or view the full text below. Euclid Transactional R&W\/W&I Insurance February 2023 Update January was a record month at Euclid Transactional, […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-8796","post","type-post","status-publish","format-standard","hentry","category-blog-posts"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t