Beazley vs 
Chubb: How Do They Compare for Representations and Warranties Insurance?
Beazley underwrites buyer- or seller-side policies and also lists tax and contingent liabilities; Chubb covers unknown seller-representation breaches and defense costs above a retention for either deal side.
Beazley tells you more up front: M&A limits up to US $50 million, tax and contingent-liability cover, and a buyer list from PE funds to selling founders. Chubb writes buyer- and seller-side R&W for large US and Canadian multinationals but publishes no limit, retention or price. 1,2
What Are the Key Differences Between Beazley and Chubb Representations and Warranties Insurance?
PE, Founders and Corporates in 80+ Jurisdictions vs Large Multinationals
Beazley names private equity, selling entrepreneurs, private shareholders, venture capital, listed companies and other corporates, and says it can place cover in all 50 US states and more than 80 jurisdictions. Chubb's R&W sits in its transactional-risk suite for large US and Canadian multinationals and their brokers, with no stated minimum deal size. Choose Beazley if you're a PE fund, founder or mid-sized corporate doing a deal; choose Chubb if you're a large multinational already working with it. 1 3 2
$50 Million Advertised Limit vs Deal-by-Deal Terms
Beazley advertises M&A limits up to US $50,000,000. Chubb says its policy pays financial losses, including defense costs, above a retention, and negotiates each deal individually without publishing limit, retention or premium figures. You can size Beazley's capacity before you call; with Chubb you'll learn it only from a quote. 1 2
Tax and Contingent Liability vs Winning Auctions and Seller Solvency
For buyers, Beazley describes protection against innocent or fraudulent seller breaches plus adverse tax and contingent liability. Chubb pitches buyer-side cover as protection beyond the negotiated cap and survival period, against a seller that can't pay, and as a way to accept a shorter survival and lower cap in a competitive auction. For sellers, Beazley covers defending a breach claim; Chubb backstops the indemnity, useful for PE or VC funds winding down and for minority sellers worried about joint liability. 1 2
What Should You Confirm in Beazley and Chubb Representations and Warranties Insurance Quotes?
- Ask Beazley what limit it will actually quote against the advertised US $50 million. 1
- Ask Chubb for the retention, limit and whether the policy is buyer- or seller-side. 2
- Ask whether tax and contingent liabilities are covered on Beazley's quote, and whether Chubb's covers only R&W breaches. 1 2
- Ask Chubb whether it treats your deal as a large multinational transactional-risk placement. 3
Beazley vs Chubb Representations and Warranties Insurance Compared
Beazley vs Chubb: Representations and Warranties Insurance: documented features by provider
| Criteria | Beazley Mergers & Acquisitions Insurance | Chubb Representations and Warranties (R&W) Insurance |
|---|---|---|
| Who It’s For | Beazley says it offers this coverage to private equity clients, selling entrepreneurs, private shareholders, venture capital funds, listed companies and other corporate clients, with a broad appetite across different target sectors, deal types and transaction structures. 1Company-reported. Product-page target-customer list; individual deal acceptance still depends on underwriting. Beazley says it can underwrite and place M&A insurance, including cross-border deals, in all 50 US states and more than 80 jurisdictions globally. 1Company-reported. Company-stated geographic reach; not an independently verified regulator record of authorization in every jurisdiction listed. | Chubb's R&W product is part of its broader transactional risk suite serving large U.S. and Canadian multinational companies and their brokers; the reviewed pages do not state a minimum deal size for R&W specifically. 3Company-reported. Multinational large-accounts page Specialty Coverage list; R&W page does not itself state deal-size eligibility. |
| 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. | Chubb says the policy protects against financial losses, including defense costs, in excess of a retention, for certain unintentional and unknown breaches of the seller's representations and warranties made in the acquisition or merger agreement. 2Company-reported. R&W Insurance product page opening description and footnote. For buyer-side policies, Chubb lists benefits including protection beyond the negotiated indemnity cap and survival limitations, protection against a seller's collectability or solvency risk, and support for distinguishing a bid in a competitive auction by requiring shorter survival periods and lower liability caps from the seller. 2Company-reported. Benefits of a Buyer-Side R&W Insurance Policy section. For seller-side policies, Chubb says the coverage backstops negotiated indemnity obligations, which it calls a key benefit for private equity or venture capital funds at the end of their life cycle, and protects minority or passive sellers concerned about joint and several liability. 2Company-reported. Benefits of a Seller-Side R&W Insurance Policy section. |
| 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. | Chubb underwrites representations and warranties (R&W) insurance directly, available to either buyers or sellers in an acquisition or merger transaction. 2Company-reported. R&W Insurance product page. |
