Beazley vs 
CFC: How Do They Compare for Representations and Warranties Insurance?
Beazley underwrites R&W with advertised limits up to $50 million and can add tax or contingent-liability cover; CFC offers up to $50 million on a core deal plus separate small-deal products under $20 million.
Both write up to $50 million on a deal, but CFC also offers up to $150 million of excess for certain fundamental representations. For deals under $20 million, CFC’s Buyer Protect and Seller Protect can be placed within 24 hours, even after closing. 1,2
What Are the Key Differences Between Beazley and CFC Representations and Warranties Insurance?
$50 Million at Both, Plus Excess Capacity at CFC
Beazley underwrites M&A insurance directly with limits up to US $50 million and publishes no excess layer. CFC can write up to $50 million on a single transaction, or up to $150 million of excess for certain fundamental representations. Choose CFC if your deal needs more than $50 million on fundamental reps or is under $20 million and closing fast; either can cover a mid-size deal within $50 million. 1 2
24-Hour Cover for Small Deals Only at CFC
CFC sells Buyer Protect and Seller Protect for deals under $20 million; Buyer Protect can cover up to 100% of enterprise value, and both can be placed within 24 hours of the application and after closing. Beazley’s M&A page describes no small-deal product or fast path. 2 1
Named Underwriters vs a Dedicated Claims Team
Beazley names its underwriters and product leaders and asks you to speak with one. CFC publishes a dedicated transaction-liability claims team in London and New York, says it has handled nearly 300 claims, and aims to acknowledge a claim within 24 hours. With CFC you know who takes your claim; with Beazley you know who underwrites the deal. 1 2
What Should You Confirm in Beazley and CFC Representations and Warranties Insurance Quotes?
- Ask CFC whether your quote is its main R&W policy, Buyer Protect, Seller Protect or excess on fundamental representations. 2
- Ask Beazley for the limit it will actually bind against its $50 million maximum, and the retention. 1
- Confirm tax and contingent-liability cover is included; both describe them on their core offering. 1 2
- Ask CFC which insurer backs your policy. It underwrites for Lloyd’s syndicates and insurers rated A or better by AM Best but doesn’t name them per deal; Beazley insures directly. 2 1
Beazley vs CFC Representations and Warranties Insurance Compared
Beazley vs CFC: Representations and Warranties Insurance: documented features by provider
| Criteria | Beazley Mergers & Acquisitions Insurance | CFC Transaction Liability Insurance |
|---|---|---|
| Limits and Retentions | Beazley advertises M&A insurance limits of up to US $50,000,000. The page does not publish retentions, minimum limits or premium ranges. 1Company-reported. Product-page headline limit figure; actual capacity offered depends on the transaction. | CFC says it can underwrite up to $50 million of limit on a single transaction, or up to $150 million of excess coverage for certain fundamental representations. 2Company-reported. Limit & appetite section of the product page. |
| Coverage Features | Beazley describes coverage that can be provided to a seller to defend against a breach of representations or warranties claimed by a purchaser, or to a purchaser for first-party protection against innocent or fraudulent breaches by a seller. 1Company-reported. Product-page description of the insuring structure; actual policy wording, retentions and exclusions are set at binding. Beyond representation and warranty breaches, Beazley says its M&A offering can also address adverse tax consequences and contingent liability claims arising from a transaction. 1Company-reported. Product-page "What we offer" summary; each element's availability depends on the specific transaction and underwriting. | Beyond its main R&W policy, CFC sells two standalone small-deal products: Buyer Protect, described as covering a buyer for up to 100% of enterprise value, and Seller Protect, described as protecting sellers of small businesses during an M&A transaction. Both are limited to deals under $20 million. 2Company-reported. Product page descriptions and the 'Solutions' section, which caps buyer protect/seller protect at deals under $20m. The page's key-features bullets for these two products use near-identical wording about the buyer bringing a claim, so the exact difference in claims mechanics between the two products was not independently confirmable from this page alone. The core transaction liability policy covers representations and warranties, contingent tax, and other M&A liabilities, and CFC also offers excess coverage layered on top for certain fundamental representations. 2Company-reported. Product page key features and the 'Limit & appetite' section; exact terms are set by the policy as issued. CFC separately offers secondary liquidity solutions for private market investors acquiring, divesting, or restructuring interests in private equity, private credit, or other fund assets, through what it calls a dedicated secondaries underwriting practice. 2Company-reported. Secondary liquidity solutions section of the product page. |
| Role in This Line | Beazley underwrites representations and warranties (M&A) insurance directly, describing solutions designed to reduce or extinguish the impact of liabilities arising from a merger or acquisition, including warranty breaches, adverse tax consequences and contingent liability claims. 1Company-reported. US Mergers & Acquisitions product page; scope covers the general insuring concept, not a specific policy form. | CFC's Transaction Liability practice underwrites representations and warranties (R&W) insurance for M&A deals, available to both buyer-side and seller-side purchasers, alongside standalone small-deal products and secondary liquidity solutions. 2Company-reported. Transaction liability product page overview, describing CFC as a deal facilitator working with private equity firms and strategic buyers and sellers. |
| Claims Support | Beazley's own example describes a case where its insured was sued by a third party over intellectual property and lost, the third party then counterclaimed against the acquired target, and Beazley paid the claim and it was settled with the third party, despite some question over whether the claim was fully covered. 1Company-reported. A single company-selected scenario on the product page; it is not a claims-handling statistic or a guarantee of similar outcomes. | CFC has a dedicated transaction liability claims team in its London and New York offices, says it has handled nearly 300 claims to date, and aims to send an acknowledgement within 24 hours of a claim notification. 2Company-reported. Claims section of the product page; outcome statistics are company-reported and not independently verified. |
