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

Euclid Transactional’s global tax insurance team entered 2026 with strong momentum, and the first quarter reinforced the durability and continued expansion of the tax insurance market. Despite macro, global uncertainties, demand for tax insurance remained robust across all regions, reflecting the continued role tax insurance plays as a core risk management tool for taxpayers worldwide.

During the first quarter of 2026, Euclid received a quarterly record 554 global tax submissions, a notable increase over 418 submissions in 1Q25, underscoring continued market growth and broad-based adoption across jurisdictions.

• North America recorded a Q1 record 212 submissions, up from 192 in the prior-year quarter.
• EMEA led all regions with a quarterly record 284 submissions, a meaningful increase from 190 in 1Q25, driven in large part by cross-border M&A, internal reorganizations, and what we believe to be concerns regarding heightened scrutiny of tax authorities.
• APAC continued its upward trajectory with 58 submissions, compared to 36 in 1Q25, reflecting increased familiarity with tax insurance across the region.

Globally, Euclid bound 64 tax insurance policies in 1Q26, compared to 53 binds in 1Q25.  North America and EMEA bound 32 and 31 policies, respectively,  up from 24 and 23 in 1Q25. APAC bound 1 policy during the quarter and enters Q2 with a strong pipeline of developing opportunities signaling long-term growth.

Renewable energy remained a central driver of activity in North America. In 1Q26, approximately 65% of North America submissions were renewable energy-related, reflecting continued demand for tax certainty amid regulatory complexity and evolving credit regimes. Of those renewable energy submissions: 47 were solar facilities, 20 were battery projects, 8 related to renewable natural gas, 7 were wind projects, 20 involved multiple technologies, and 18 involved Section 45X manufacturing credits, with the balance made up of other credits (e.g., 30C) and technologies (e.g. carbon capture and sequestration).  The breadth of  technologies and credits highlights the expanding role of tax insurance across the renewable energy lifecycle, from generation and storage to manufacturing and credit monetization.

Pricing for tax risks ticked up year-over-year. In North America, the combined rate on line (primary and excess) is currently up approximately 14% over the combined rate on line for 2025, reflecting sustained demand, underwriting selectivity, and continued focus on risk differentiation. Capacity remains available for well-structured opportunities, particularly where underwriting diligence and execution timelines are well managed.

To support continued growth and maintain a high level of execution, Euclid’s global tax team has expanded to 23 professionals strategically positioned across key global markets.

Since issuing our first tax policy in 2018, Euclid’s global tax team has placed approximately $21 billion in cumulative policy limits through 1Q26, reflecting both sustained volume and the increasing scale of insured tax positions.

As we move further into 2026, we expect tax insurance to remain a critical component of transactional and tax planning amid ongoing economic, regulatory, and geopolitical uncertainty.  A strong first-quarter, healthy pipeline of active opportunities, and continued global collaboration position our team well for the year ahead.

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