Chubb vs 
Gallagher Representations and Warranties Insurance
Chubb underwrites R&W on its paper; Gallagher places custom forms with outside markets and packages R&W with SPAC D&O.
What Is Chubb?
Chubb is the marketing name for a global insurance group whose U.S. companies underwrite commercial property, casualty, cyber and financial-lines coverage, including technology-focused DigiTech ERM and small-business packages. Founders and finance teams typically work through an appointed agent, then receive a policy issued by a named Chubb-group insurer rather than by the Swiss holding company. 1,2,3
What Is Gallagher?
Gallagher is a business-insurance broker and risk-management consultancy. Its technology practice serves startups through global enterprises, alongside a separate small-business offering for IT professionals and an executive-risk practice covering D&O and transaction-related coverages. Woodruff Sawyer is now part of Gallagher. 6,7,8,9,10
What Is Representations and Warranties Insurance?
Representations and warranties insurance addresses financial loss from inaccuracies in the representations or warranties made in a stock or asset purchase agreement. It doesn't cover issues already known before signing, disputes over the purchase price, or every statement made during diligence. 11,12
Key Differences in Representations and Warranties Insurance
Who Issues the Policy
Chubb underwrites R&W on its own paper and takes quote requests through its transactional-risk team working with the deal parties and their brokers. Gallagher places R&W with outside carriers. It does not name the insurer on the reviewed page. That is the first buyer question: is Chubb the company on the declarations, or is Gallagher shopping a market? 4 8
Gallagher also says dedicated attorneys help with analysis, custom policy forms and pre-transaction diligence from start to finish. Chubb’s reviewed R&W page does not describe an in-house attorney placement desk of that kind; you are requesting a quote from the carrier’s own team. 8 4
Which Deals Each Practice Names
Chubb lists R&W among specialty coverages for large U.S. and Canadian multinational companies. The reviewed pages do not state a minimum deal size, so you still have to ask whether your transaction sits in that suite. Gallagher also markets R&W to SPACs and bundles it with D&O across the IPO and de-SPAC combination. Chubb’s reviewed R&W page does not describe that SPAC package. 5 8
Buyer-Side and Seller-Side Mechanics
Chubb publishes a buyer-side list: protection beyond the negotiated indemnity cap and survival limits, seller collectability or solvency risk, and using shorter survival and lower caps in an auction. It publishes a seller-side list too: backstopping indemnity for funds at the end of their life cycle, and protecting minority or passive sellers worried about joint and several liability. 4
Gallagher says it delivers R&W and tax-mitigation coverage for both buyers and sellers. It does not reprint Chubb’s cap, survival and collectability points. You would compare those mechanics on Gallagher’s custom form, not assume they match Chubb’s published benefits. 8 4
What to Confirm in Representations and Warranties Insurance Quotes
- If Gallagher is quoting, get the issuing carrier and form; if Chubb is quoting, confirm Chubb is on risk. 8 4
- For a SPAC or de-SPAC, ask Gallagher how R&W interacts with the D&O tower; Chubb’s reviewed R&W page does not describe that bundle. 8
- Compare indemnity cap, survival and seller-solvency treatment on Chubb’s form with Gallagher’s custom form. 4 8
- Neither reviewed page publishes limits; ask for limit, retention and whether tax-mitigation is included. 4 8
Offering Details
Chubb vs Gallagher Representations and Warranties Insurance: documented features by provider
| Criteria | Chubb Representations and Warranties (R&W) Insurance | Gallagher M&A Transactional Insurance (Representations and Warranties) |
|---|---|---|
| Role in This Line | Chubb underwrites representations and warranties (R&W) insurance directly, available to either buyers or sellers in an acquisition or merger transaction. 4Company-reported. R&W Insurance product page. | 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. |
| Issuing Insurer | 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. |
| Who It’s For | 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. 5Company-reported. Multinational large-accounts page Specialty Coverage list; R&W page does not itself state deal-size eligibility. | 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. |
| Coverage Features | 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. 4Company-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. 4Company-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. 4Company-reported. Benefits of a Seller-Side R&W Insurance Policy section. | 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. |
| Limits and Retentions | The reviewed pages state that coverage applies in excess of a retention but do not publish specific limit, retention or premium figures; Chubb describes R&W policies as negotiated deal-by-deal. 4Not found in reviewed sources. R&W Insurance product page as read on 2026-09-23. | 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. |
| Risk Services | Not described in the reviewed sources. | 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. |
| How to Apply | R&W insurance is placed through Chubb's transactional risk team working with the deal's buyer, seller and their brokers; the product page directs interested businesses to request a quote. 4Company-reported. R&W Insurance product page quote call-to-action. | Not described in the reviewed sources. |
Full Comparison
More Chubb vs Gallagher Comparisons
Other Representations and Warranties Insurance Comparisons
Sources
Chubb
- Insurance For Technology Companies. Chubb; Industry overview; Who we serve; Products and services: commercial package insurance (BOP, Benchmarq, Customarq), E&O/Cyber, Financial Lines, workers’ compensation, auto and umbrella; dedicated underwriting, claims and risk engineering. Accessed 2026-09-16.
- Terms Of Use. Chubb; Acceptance of Terms identifying Chubb Group Holdings Inc.; surplus-lines producer restriction; products not available to all users or jurisdictions; Chubb Limited safe-harbor language; Internet Portals for Chubb Business. Accessed 2026-09-16.
- Cyber Insurance Coverage & Products. Chubb; Cyber insurance product catalog: Cyber ERM, DigiTech ERM (technology E&O, media and cyber) and Pro ERM (non-licensed professional services); Marketplace quoting for eligible risks under $100 million revenue; first- and third-party coverage summaries. Accessed 2026-09-16.
- Representations and Warranties (R&W) Insurance. Chubb; R&W Policy Highlights; Benefits of a Buyer-Side R&W Insurance Policy; Benefits of a Seller-Side R&W Insurance Policy. Accessed 2026-09-23.
- Multinational Insurance Coverage and Solutions for Large Accounts. Chubb; Specialty Coverage list: Representations & Warranties named among specialty coverages for large US and Canadian multinational companies. Accessed 2026-09-23.
Gallagher
- Technology Insurance. Gallagher; Introduction; Solutions and coverages for the technology industry: Technology errors and omissions including cyber, Intellectual property insurance, Product liability, Employee benefits; Data-driven insights; global network. Accessed 2026-09-16.
- Insurance for Technology & IT Businesses. Gallagher Small Business; Protection for IT Professionals & Their Technology-Based Businesses; recommended coverage menu, including Surety Bond Programs; Connect With An Advisor. Accessed 2026-09-16.
- Executive and Financial Risk Insurance. Gallagher; M&A Transactional Insurance, including Representations and Warranties and Tax Mitigation Insurance section; Special-Purpose Acquisition Companies (SPACs) section. Accessed 2026-09-23.
- Legal Information. Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16.
- Woodruff Sawyer Is Now Gallagher. Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16.
Representations and Warranties Insurance Guide
- Transaction liability insurance | Representation and indemnities insurance. CFC; What are representations and warranties?; Who should buy representation and warranty insurance?; Available to buyers & sellers; Limited seller security; Is transaction liability insurance available to sellers. Accessed 2026-09-16.
- Mergers & Acquisitions. Beazley; Product overview: buyer and seller protection for inaccuracies in representations or warranties. Accessed 2026-09-16.
