Demand for transactional risk insurance surged in 2014,surpassing previous records, according to a new report fromMarsh.

In its Annual Transactional Risk Report 2014, the globalinsurance and risk management leader says that policies grew 36% in2014 to 341 and limits purchased increased 51% to $7.7 million.Much of that demand is attributable to warranty and indemnity,representations and warranties, and tax and contingent liabilityinsurance.

Most of these policies were placed in the U.S., where dealsinvolving mid-size companies and wider use among law and privateequity firms drove demand. Eighty of Marsh's 90 new transactionalrisk policies occurred stateside, an increase of 108%. Coverageexpansions that include exclusions for consequential, special andmultiplied damages, as well as damages based on diminution invalue, raised premiums.

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