The Impact of Covid-19 on R&W/W&I - Euclid Transactional May 2021 Update

In May 2021, Euclid Transactional closed out a 9th consecutive record-breaking month for R&W/W&I Insurance.?Due largely to the impact of Covid-19 last year, Euclid Transactional received over 265% more submissions for R&W/W&I insurance than in May 2020. ?The 739 submissions we received in May 2021 were also 32% higher than our prior May record high in 2019. ?We bound a May record 86 policies, up more than 473% compared to May 2020 and up 28% compared to our prior record May in 2019.?For the past 6 months, average deal sizes each month have been $400 million or more, significantly higher than April through June 2020 where the monthly average was below $300 million.?The average cost of our US primary policies continued to rise and was 40% higher than in May 2020.?We attribute this increase in rate to clients and brokers recognizing that Euclid Transactional and other established markets have paid hundreds of millions of dollars of claims, and valuing insurers that have a proven track record for deal execution and fairly and efficiently paying claims.?

Do these numbers line up with what you are seeing in the deal world and the quotes you are receiving for R&W insurance??Do you expect this high deal volume to continue into Q3? Feel free to reach out to Euclid Transactional to discuss this data or anything else.

Euclid Transactional Global R&W/W&I 2019-2021

Euclid Transactional Global R&W/W&I Monthly Submissions and Average Enterprise Values March 2020-May 2021