The US terrorism insurance market in 2025 is expected to remain competitive, driven by a high number of carriers, substantial capacity, and an aggressive rating environment.

On the global stage, uncertainty looms large, and ongoing conflicts in regions such as the Middle East have created a fertile ground for radicalization. Domestically, rapidly evolving political and economic dynamics are adding to the complexity, raising the threats of far-right and far-left extremism. Per the recently released Homeland Security Threat Forecast, individual threat actors, who act out in less conventional ways, also present a growing concern.

In this environment, brokers require partners who can provide not only capacity but also the expertise to anticipate and mitigate emerging risks and provide appropriate policy coverage. Munich Re Specialty, with its ability to offer one of the largest capacities in the US terrorism insurance market — up to $500m per insured — is uniquely positioned to guide brokers through these turbulent times. Backed by decades of experience, financial resilience, and cross-market expertise, we deliver solutions that address today’s risks while anticipating tomorrow’s challenges.

As the terrorism and political violence market evolves, Munich Re Specialty is committed to supporting brokers and insureds with the tools, capacity, and expertise they need to succeed. Our team draws on cross-market expertise to offer holistic, multi-line solutions that address interconnected risks. Insureds such as municipalities require a complex combination of coverages to protect against a broad range of exposures, including property, casualty, cyber, builder’s risk/construction, and terrorism/active assailant. Munich Re Specialty has experts in each of these lines, and those experts are in direct and regular communication, ensuring seamless handling of complex risks. Our leadership in this space, bolstered by decades of experience and a forward-looking perspective, ensures we remain a trusted partner in an uncertain world.

Brokers are encouraged to explore our comprehensive solutions, leveraging our significant capacity and market insights to deliver value to their clients. Together, we can navigate the complexities of 2025 and beyond.