达信（Marsh）：交易风险保险2025年度回顾报告（英文版）（87页）.pdf

1、Transactional risk insurance 2025Year in reviewM&A surged in 2025,with a significant increase in deal value alongside steady growth in the number of transactions completed globally.As in prior years,transactional risk insurance remained a vital tool for mitigating risk and enhancing deal certainty f

2、or both strategic and financial buyers.Craig Schioppo|Global Head of Transactional Risk4 Global M&A snapshot11 North America 25 Latin America and the Caribbean 32 United Kingdom 42 Europe 56 Middle East and Africa(MEA)64 Asia 75 Pacific 84 Global outlook for 2026 3|Transactional risk insurance 2025:

3、Year in review Global M&A snapshotGlobal merger and acquisition(M&A)activity saw a resurgence in 2025,which featured significantly larger and more complex transactions than the prior year.This shift drove increased demand for representations and warranties(R&W),*warranty and indemnity(W&I),and tax i

4、nsurance,as dealmakers relied more heavily on insurance to support greater execution certainty,manage risk,and facilitate increasingly sophisticated transactions.*Representations and warranties(R&W)insurance is the term used in the US and Canada;elsewhere,the term warranty and indemnity(W&I)insuranc

5、e is used.4|Transactional risk insurance 2025:Year in review 5|Transactional risk insurance 2025:Year in review At a glanceAggregate global M&A valueNearly US$5 trillionLarge deals(US$1B)617 transactions(+28%year-on-year)Transactional risk limits placed by Marsh US$91.6 billion(+34%year-on-year)Tran

6、sactional risk policies placed by Marsh3,811(+37%year-on-year)Unique transactions with programs brokered by Marsh 1,785(+15%year-on-year)Mega deals(US$10B)70 transactions(almost 80%)Year-on-year change in global M&A deal value+37%Year-on-year change in global M&A deal count+12%6|Transactional risk i