Beazley vs Gallagher Representations and Warranties Insurance

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. ⁵Company-reported. US Mergers & Acquisitions product page; scope covers the general insuring concept, not a specific policy form.

Gallagher's Executive and Financial Risk practice places representations and warranties (R&W) insurance for mergers and acquisitions with outside carriers; it does not underwrite the policy. ⁸Company-reported. Group-level executive-and-financial-risk practice page.

Not described in the reviewed sources.

The executive-and-financial-risk page does not name the insurer that would issue a given transaction's R&W policy. ⁸Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

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. ⁵Company-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. ⁵Company-reported. Company-stated geographic reach; not an independently verified regulator record of authorization in every jurisdiction listed.

Gallagher also markets R&W insurance specifically to special-purpose acquisition companies (SPACs), bundling it with D&O coverage across the IPO and de-SPAC process for the business combination. ⁸Company-reported. Group-level executive-and-financial-risk practice page, SPAC subsection.

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. ⁵Company-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. ⁵Company-reported. Product-page "What we offer" summary; each element's availability depends on the specific transaction and underwriting.

Gallagher describes providing analysis, custom policy forms and pre-transaction diligence to select markets and deliver R&W and tax-mitigation coverage for both buyers and sellers in M&A deals. ⁸Company-reported. Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions.

Beazley advertises M&A insurance limits of up to US $50,000,000. The page does not publish retentions, minimum limits or premium ranges. ⁵Company-reported. Product-page headline limit figure; actual capacity offered depends on the transaction.

The page does not publish specific R&W limits, retentions or premium ranges. ⁸Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

Beazley says it can underwrite transactions globally and structure coverage around the specific details and timeframes of a transaction. ⁵Company-reported. Company-stated service description; no turnaround-time commitment or staffing detail is published.

Gallagher says it has several dedicated attorneys who assist with M&A transactional insurance placements, including R&W, from start to finish. ⁸Company-reported. Group-level executive-and-financial-risk practice page.

The reviewed page does not list a self-service quote form or application document for M&A insurance; it instead names underwriters and product leaders by region and links to "Speak with an Underwriter" and "Become a Beazley Broker" contact routes. ⁵Not found in reviewed sources. Checked the full product page, including its Tools & Resources equivalent area, on 2026-09-23; no application form was found there, unlike the Crime and Fidelity page.

Not described in the reviewed sources.

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. ⁵Company-reported. A single company-selected scenario on the product page; it is not a claims-handling statistic or a guarantee of similar outcomes.

Not described in the reviewed sources.