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Euclid Transactional’s Fourth Annual Global RWI Claims Study

On November 2, 2026, Euclid Transactional, LLC, a prominent managing agency in the field of transactional insurance, unveiled its fourth annual Global Representations and Warranties Insurance Claims Study. This year marks a significant milestone as it encapsulates a decade of crucial claims data that provides an insightful glance into the evolving landscape of transactional liability claims.

Overview of the Claims Data

The study analyzes nearly $1.7 billion of claim payments since the company’s inception in 2016. Breaking down this amount, Euclid reported that approximately $518 million was paid out in claims, alongside 72 additional claims payments since the previous study's reporting period. The comprehensive data covers all claims received or paid through June 30, 2026.

Jay Rittberg, CEO of Euclid Transactional, commented on the report's significance, stating, "Ten years ago, we set out to build an underwriting and claims handling platform that prioritizes a premium client experience. This study demonstrates that commitment in a real-world context. As of today, we've managed $1.7 billion in payments, providing dealmakers with essential insights into how RWI performs during crucial times."

Key Highlights from the Study

The report reveals several critical trends:
1. Surge in Severe Losses: Payments exceeding $20 million now account for 54% of losses from the most recent timeframe analyzed, a steep increase from the previous 40% recorded in prior years.
2. Efficient Claim Resolutions: An encouraging statistic indicates that over 73% of claim notices were resolved within 12 months, with 92% resolved within 24 months. Notably, first-party claims managed by Euclid were handled 40% faster when Euclid was the primary insurer, highlighting the efficiency of their claims process.
3. Focus on Financial Statements and Customer Contracts: Claims related to Financial Statements and Customer Contracts represented a staggering 71% of total losses reported in the latest period.
4. Growing Claims in EMEA Region: The report notes that there has been a marked increase in claim notices from the EMEA region, jumping from 20 notices in 2019 to a significant 222 in the most recent 12-month period ending June 30. Moreover, loss payments in this region surged by 59% compared to the previous year.

Phil Casper, President of Euclid Transactional, highlighted the need for transparency and the importance of sharing valuable insights for the transactional insurance sector. "Our annual Claims Study serves as a timely insight into the state of the transactional insurance market during a period of significant change. By providing this intelligence, we aim to help buyers, sellers, and advisors gain a better understanding of the dynamics shaping the market from an underwriter's viewpoint."

Industry Impact

The implications of this report can significantly shape decision-making for many stakeholders within the insurance industry. By analyzing and understanding the trends presented in this Claims Study, industry professionals can better navigate the complexities of transactional insurance, deal structures, and risk management practices.

The complete Global RWI Claims Study is readily accessible online for those interested in delving deeper into its findings. For more information, individuals can visit Euclid Transactional's official site.

About Euclid Transactional

Euclid Transactional is a specialized global managing general agent focusing explicitly on transactional risk insurance, which includes representations and warranties insurance and tax liability insurance. Serving a wide array of clients from private equity firms to legal advisors, Euclid has facilitated over $1.7 billion in clients' claims payments, showcasing its commitment to ensuring certainty and efficiency in mergers and acquisitions. Euclid Transactional operates under the umbrella of CRC Group, enhancing its capacity to deliver unparalleled services in the insurance sphere.