CFC vs HUB International: How Do They Compare for Representations and Warranties Insurance?

CFC says it can underwrite up to $50 million of limit on a single transaction; HUB International brokers R&W rather than underwriting it, and says it can reduce or eliminate escrow requirements.

CFC writes R&W itself, up to $50 million per deal plus $150 million excess on certain fundamental representations, and its Buyer Protect and Seller Protect policies cover deals under $20 million within 24 hours of applying; HUB is a broker that negotiates R&W to cut escrow and can add tax and litigation-buyout cover. ^1,³

What Are the Key Differences Between CFC and HUB International Representations and Warranties Insurance?

Published Capacity and Fast Small-Deal Cover vs Broker Negotiation

CFC writes R&W itself, stating up to $50 million on a transaction and $150 million excess on certain fundamental representations. For deals under $20 million, its Buyer Protect and Seller Protect policies can be placed within 24 hours of an application, even after closing. HUB's M&A practice is a broker that negotiates deal-specific cover, doesn't name insurers and publishes no limits or timelines. Choose CFC if your deal is under $20 million and you need cover fast, or you want known capacity; choose HUB if you want a broker to shop the deal and structure escrow and bid terms. ¹ ³

Secondaries and Excess vs Tax and Litigation Cover

CFC also offers secondary-liquidity solutions for transfers of fund interests. HUB says R&W protects a buyer if the seller's guarantees in the sale agreement prove untrue, and can reduce escrow and make your bid more competitive. It adds litigation buyout insurance for pending suits against the seller and tax indemnification for the tax treatment of past, pending or future transactions. ¹ ³

What Should You Confirm in CFC and HUB International Representations and Warranties Insurance Quotes?

Ask HUB which insurer is quoting, and ask CFC whether a Lloyd's syndicate or one of its A-rated insurers is on risk. ³ ¹
Ask HUB how its quote changes escrow and your bid structure under the purchase agreement. ³
Ask HUB whether litigation buyout or tax indemnification is included, and ask CFC whether Buyer Protect, Seller Protect or secondaries cover fits. ³ ¹
Compare HUB's quoted limit with CFC's $50 million and $150 million excess figures. ¹ ³

CFC vs HUB International Representations and Warranties Compared

CFC vs HUB International: Representations and Warranties Insurance: documented features by provider

Criteria	CFC Transaction Liability Insurance	HUB International Representations and Warranties Insurance
How to Apply	For the Buyer Protect and Seller Protect products, CFC says coverage can be placed within 24 hours of receiving the application form, and can be arranged after closing. ¹Company-reported. Buyer protect and seller protect key features on the product page.	HUB directs you to a broker; the page describes negotiating deal-specific coverage rather than a self-serve quote. ³Company-reported. Product-page call to action as read 2026-09-23.
Coverage Features	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. ¹Company-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. ¹Company-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. ¹Company-reported. Secondary liquidity solutions section of the product page.	HUB describes representations and warranties insurance as covering the contractual guarantees a seller makes in a sale agreement, protecting a buyer against the guarantees turning out to be untrue, and says it can reduce or eliminate escrow requirements and support more competitive bidding. ³Company-reported. Product-page description of representations and warranties coverage; the issued policy and its exclusions control an actual claim. HUB's M&A practice also offers litigation buyout (contingent risk) insurance for pending litigation a seller faces, and tax indemnification insurance for the tax treatment of a historical, pending or future transaction, alongside representations and warranties coverage. ³Company-reported. Product-page description of related transactional risk products.
Role in This Line	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. ¹Company-reported. Transaction liability product page overview, describing CFC as a deal facilitator working with private equity firms and strategic buyers and sellers.	HUB brokers representations and warranties insurance as part of its mergers and acquisitions (transactional risk) practice, rather than underwriting the policy itself. ³Company-reported. M&A insurance product page as read 2026-09-23; the page does not name an issuing insurer.

Criteria

CFC Transaction Liability Insurance

HUB International Representations and Warranties Insurance

How to Apply

For the Buyer Protect and Seller Protect products, CFC says coverage can be placed within 24 hours of receiving the application form, and can be arranged after closing. ¹Company-reported. Buyer protect and seller protect key features on the product page.

HUB directs you to a broker; the page describes negotiating deal-specific coverage rather than a self-serve quote. ³Company-reported. Product-page call to action as read 2026-09-23.

Coverage Features

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. ¹Company-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. ¹Company-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. ¹Company-reported. Secondary liquidity solutions section of the product page.

HUB describes representations and warranties insurance as covering the contractual guarantees a seller makes in a sale agreement, protecting a buyer against the guarantees turning out to be untrue, and says it can reduce or eliminate escrow requirements and support more competitive bidding. ³Company-reported. Product-page description of representations and warranties coverage; the issued policy and its exclusions control an actual claim.

HUB's M&A practice also offers litigation buyout (contingent risk) insurance for pending litigation a seller faces, and tax indemnification insurance for the tax treatment of a historical, pending or future transaction, alongside representations and warranties coverage. ³Company-reported. Product-page description of related transactional risk products.

Role in This Line

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. ¹Company-reported. Transaction liability product page overview, describing CFC as a deal facilitator working with private equity firms and strategic buyers and sellers.

HUB brokers representations and warranties insurance as part of its mergers and acquisitions (transactional risk) practice, rather than underwriting the policy itself. ³Company-reported. M&A insurance product page as read 2026-09-23; the page does not name an issuing insurer.