We’re constantly seeking ways to stay ahead of the curve in emerging markets, and our recent trip to Mumbai, India, confirmed why this international outlook matters. India’s deal-making activity has surged to a three-year high of $27.5 billion in Q1 2025, as reported by the Business Standard – and it’s clear the appetite for M&A insurance solutions is accelerating. We are seeing strong demand and high engagement from brokers and market stakeholders that we met with, all keen to explore how transactional risk insurance can facilitate smarter, faster, more confident dealmaking.
The response to our suite of transactional risk products was resounding. Interest in Warranty & Indemnity (W&I) Insurance was particularly strong – clients recognised its ability to remove friction in negotiations and provide financial certainty in deals of all sizes. Devonshire’s broad appetite, flexible coverage, and strategic focus on mid-to-large cap deals in emerging markets meant we were well placed to engage meaningfully on live opportunities.
We were also encouraged by the attention given to Specific Tax Insurance, where buyers and sellers alike see real value in securing certainty around known tax exposures in their jurisdiction. Lastly, Contingency Insurance drew interest for its versatility, particularly in addressing legal risks beyond the traditional M&A scope.
These conversations affirmed our belief that bespoke risk transfer solutions are increasingly essential in complex and fast-moving jurisdictions like India. As a nimble and globally-minded underwriter, Devonshire is ideally positioned to lead in this space. Our agile structure and creative underwriting approach allow us to craft tailored solutions where others hesitate, particularly in emerging markets across Asia, Africa, South America, and the Middle East.
A huge thank you to everyone who met with us in India – it was an energising and insightful trip, and we’re just getting started. Watch this space as we continue our global jurisdiction spotlight, bringing Devonshire’s expertise to the heart of the world’s most active dealmaking hubs.
