Craig Schioppo
Global Head of Transactional Risk
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United States
Transactional risk insurance remains a core component of modern dealmaking.
Transactional risk insurance 2025: Year in review is your essential guide to understanding how as deal values rose sharply amid a rebound in global mergers and acquisitions (M&A) activity, transactional risk insurance played a central role in supporting deal certainty, improving risk allocation strategies, and enabling transaction efficiency.
Published by Marsh Risk, this comprehensive report examines how the transactional risk insurance market evolved in 2025, highlighting global and regional trends that dealmakers should expect to persevere throughout 2026 and beyond.
Hear from Craig Schioppo, Global Head of Transactional Risk, on the global mergers and acquisitions (M&A) market performance in 2025.
Deal scale and complexity increased sharply in 2025, with mega deals (those over US$10 billion) increasing materially. Accompanying these shifts was a record number of transactional risk placements. Marsh Risk placed US$91.6 billion in limits. This reflected stronger market reliance on transactional risk insurance products, including representations and warranties and warranties and indemnities and tax insurance.
This report is designed to equip investors, dealmakers, legal advisors, and risk professionals involved in mergers, acquisitions, and complex transactions with the knowledge and tools necessary to navigate the complexities of the current market.
The deal landscape and related risks continue to evolve at a fast clip. Our annual report provides an analysis of the risks and opportunities, providing practical insights to help dealmakers structure transactions, anticipate market shifts, and make informed decisions on transactions.
Global Head of Transactional Risk
United States
Regional Leader, Transactional Risk, Latin America & Caribbean
United States
Head of Transactional Risk, Asia
Singapore
Vice President, Transactional Risk, Middle East & Africa
United States
Head of Transactional Risk, United Kingdom
United Kingdom
Head of Transactional Risk, Europe
Sweden
Chief Operating Officer, Transactional Risk, North America
United States
Head of Transactional Risk, Pacific
Australia