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.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.