Our outlook on the industry

The Impact of Covid-19 on R&W/W&I – Euclid Transactional August 2020 Update

Continuing with our monthly updates on how Covid-19 is changing the landscape for M&A, below are Euclid Transactional’s stats through July on global R&W/W&I insurance submissions and policies bound for 2020. In July, we were glad to see an increase in policy submissions and bindings as well as average deal size.

From April to June, weekly submissions started down about 70% and increased to 50% below early 2020 pre-Covid-19 levels. Fortunately, weekly submissions in July were down less than 30% compared to 2019 and early 2020 levels.  We also saw a significant increase in average deal sizes in July, going from $100-$200 million average range from April through June to $250- $600+ million average range in July.  Although the number of bound deals was down nearly 50% from the record months we saw in 2019, we were encouraged to bind more than triple the number of policies bound in April when Covid-19 prevented many deals from signing.

Do these numbers line up with what you are seeing in the deal world? Do you expect this increase in deal flow to continue through the election in November and beyond? Feel free to reach out to Euclid Transactional to discuss this data or anything else.

Euclid Transactional Global R&W/W&I 2020 vs. 2019
Euclid Transactional Global R&W/W&I 2020 vs. 2019
Euclid Transactional Global R&W/W&I 2020 vs. 2019
Euclid Transactional Global R&W/W&I 2020 vs. 2019
Euclid Transactional Global R&W/W&I Recent Weekly Submissions and Average Enterprise Values
Euclid Transactional Global R&W/W&I Recent Weekly Submissions and Average Enterprise Values