The representations and warranties insurance (RWI) marketplace will continue to see high levels of competition in 2026. We have seen two separate market segments merge, and the influx of new capital seems to be slowing. We expect it will continue throughout 2026 as deal flow gains steam again.

In Q2 2025, the Woodruff Sawyer team is seeing 10–15 RWI quotes for each transaction. Rates typically range from 2.35%–2.75% of the policy limit, and retentions are 0.45%–0.60% of the total enterprise value. All insurers are quoting “no seller” indemnity options as well as traditional “split-seller-indemnity”-style deals.

This competitive landscape may shift slightly throughout 2026 and into 2027 as deal flow increases, but we expect it to remain steady as there is still more supply than demand.