Welcome CAC Specialty & Cobbs Allen visitors – read more

Tax Credit Insurance Market Update

Tax Credit Insurance Market Update – May 2025

Executive Summary

• Tax insurance capacity has tightened to about $800 — $900 million for any tax credit insurance policy
• Underwriters are operating at full capacity and are being highly selective in providing terms
• Underwriters’ risk appetite for step-ups has further contracted in Q1 2025
• Minimum premium requirements and underwriting fees are increasing
• There has been a shift in “market” policy terms since Q4 2024

Read the full brief below.

Tax Credit Insurance Market Update

Contacts

Jordan Tamchin
Executive Vice President
Tax Insurance Practice

Matt Movafaghi
Senior Vice President, Head of Tax Insurance Placements
Tax Insurance Practice

Josh Emmett
Vice President
Tax Insurance Practice