The following is a LinkedIn Article written by Justin Berutich, Executive Director and Head of Tax at Euclid Transactional.

The global tax insurance market continued its strong trajectory during the second quarter of 2026. Despite ongoing economic and geopolitical uncertainty, demand for tax insurance remained robust across all major regions, reinforcing its position as a critical risk management tool for private equity, strategics, high net worth individuals, and other taxpayers worldwide.

During the second quarter of 2026, Euclid Transactional Transactional received 592 global tax submissions, establishing another quarterly record and representing a meaningful increase over the prior-year period. Demand remained broad-based across all regions, with North America, EMEA, and APAC each contributing to the record quarter.

• North America generated 206 submissions, up from 184 submissions in 2Q25. While activity remained diverse across industries and transaction types, renewable energy continued to be a significant source of opportunities for the region.
• EMEA delivered a record-breaking quarter with 319 submissions, surpassing the previous regional record of 287 submissions in 1Q26 by approximately 11%. Continued cross-border transaction activity, corporate reorganizations, and increasing focus on managing tax uncertainty across multiple jurisdictions contributed to the region’s exceptional performance.
• APAC continued its upward trajectory, recording 67 submissions, up from 58 in 2Q25. As awareness and adoption of tax insurance continue to expand throughout the region, we remain encouraged by the growing breadth and sophistication of opportunities entering the market.

We believe that execution remains a key differentiator. Globally, Euclid bound 63 tax insurance policies during 2Q26, up from 53 policies during the same period in 2025. EMEA led the charge binding 31 policies (compared to 19 in 2Q25). North America bound 27 policies in the quarter, up from 21 in 2Q25. APAC bound 5 policies, matching the region’s strong 4Q25 performance and demonstrating continued progress in converting growing submission activity into completed transactions.

Pricing for tax risks continued to strengthen during the quarter. In North America, primary rates on line increased approximately 8% compared to 2025 levels, while combined rates on line (primary and excess) increased nearly 20% over 2025 levels. These trends reflect sustained demand for tax insurance, disciplined underwriting, and continued differentiation between well-structured and more challenging risks. Notwithstanding these increases, substantial capacity remains available for appropriately vetted opportunities.

To support continued growth and the high level of execution for which we strive, Euclid’s global tax team has expanded to more than 25 professionals strategically positioned across key markets worldwide. The continued growth of our team echoes our commitment to delivering responsive, commercial underwriting solutions while maintaining the technical expertise required to evaluate increasingly complex tax risks.

The quarter also marked another important milestone for our platform. Euclid bound nearly $1 billion of policy limit during 2Q26, bringing cumulative limits placed since inception to more than $22 billion. This achievement exhibits both the continued growth of the tax insurance market and the increasing size and complexity of the tax positions being insured globally.

As we enter the second half of 2026, historically our busiest period, we do so with a strong pipeline of opportunities across all regions. Continued regulatory complexity, evolving tax regimes, and growing awareness of tax insurance as a strategic planning tool position the market for continued growth as the year progresses.

Do these trends align with what you are seeing in the market? If you are evaluating a tax position or transaction, Euclid Transactional’s global tax team is ready to discuss how tax insurance can support your strategy in today’s evolving environment.