Euclid Transactional R&W/W&I Insurance December 2021 Update and 2017-2021 Recap
Happy New Year!?2021 was an unprecedented year for M&A where Euclid Transactional saw the highest ever average enterprise values on transactions.?R&W/W&I insurance policy submission and binding numbers seem to demonstrate the growth and acceptance of transactional insurance during this eventful time for dealmakers. ?We bound a record 157 policies in December, 20% more than our previous highest month, and part of a year where we bound a record 1,270 policies.??Consistent with prior years, policy submissions were down in December, presumably as clients focused on wrapping up 2021 transactions, but overall, we saw over 9,000 submissions in 2021, 60% more than any prior year. ?Over the last 5 years, we saw deal values rise by over 25% and average transaction size is now approaching half a billion dollars.
On claims, rate and execution, the aggregate $ amount of claims Euclid Transactional has paid since its founding grew to over $325 million in 2021.?Our average primary R&W policy rate in North America continued to climb in December and was over 50% higher than in December 2020. ?We believe rate increases reflect our clients' and brokers' recognition of Euclid Transactional’s and other established markets’ proven track record for deal execution and fair and efficient payouts of over a billion dollars in claims.? Rates 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.
Do our numbers align with your experiences in the M&A and R&W insurance markets? What are your deal expectations for 2022? ?Feel free reach out to Euclid Transactional to discuss these or any other topics, and we will be creating a more comprehensive report on 2021 trends in the near future.??
Euclid Transactional Global Bound Policies and Submissions R&W/W&I Insurance 2019 –2021
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Euclid Transactional Global R&W/W&I Insurance Annual Submissions, Bound Policies and Average Enterprise Values 2017 –2021
Senior Managing Director
3 年Congrats Jay!
Casualty and Environmental Insurance Solutions Leader and Innovator
3 年Congrats on a stellar year, Jay!
Jay, you an the Euclid Transactional team hit it out of the park! Congrats to a record year.
Senior Partner, New York Office of Troutman Pepper Locke LLP
3 年Congratulations Jay and team.
Head of Archer Transactional, a Balance Partners Program
3 年I only have religious profanity in mind as I read your numbers, Jay. Congratulations on an unprecedented year!