Corporate buyers boost R&W insurance growth

Insurance Business Magazine | August 26, 2019

Transactional risk insurance limits placed by Marsh JLT Specialty in the US and Canada reached US$16.56 billion in 2018, a 53% increase from 2017. The number of transactions closed also jumped by 40% from 359 in 2017 to 504 in 2018. In its recently published Transactional Risk Insurance Report, Marsh attributes both increases to pricing reductions, larger transactions, and more corporate/strategic buyers. The North American representations and warranties (R&W) insurance market has seen meaningful pricing reductions for a number of years, making this an attractive insurance purchase and a good sell for insurance brokers. In 2018, primary layer rates declined 11% from 2017, following a 13% decrease from 2016. As more carriers enter the space, Marsh JLT Specialty expects pricing to continue to drop, although not at such a dramatic pace.

Spotlight

Written by Sovos’ team of regulatory specialists, this guide for insurers provides everything you need to know about the IPT regulatory landscape.

A mix of deep dive country-by-country information in addition to guidance on IPT and the digital tax landscape, this guide is for any insurer wanting to know more about IPT compliance.

Despite its focus on Europe, our guide also explores other jurisdictions in Asia, Australia, North and South America. This guide is your trusted source of information wherever in the world you write business.

Spotlight

Written by Sovos’ team of regulatory specialists, this guide for insurers provides everything you need to know about the IPT regulatory landscape.

A mix of deep dive country-by-country information in addition to guidance on IPT and the digital tax landscape, this guide is for any insurer wanting to know more about IPT compliance.

Despite its focus on Europe, our guide also explores other jurisdictions in Asia, Australia, North and South America. This guide is your trusted source of information wherever in the world you write business.

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