Chubb vs 
Heffernan Insurance Brokers: How Do They Compare for Representations and Warranties Insurance?
Chubb underwrites buyer- or seller-side policies covering certain unknown breaches; Heffernan Insurance Brokers arranges R&W for private-equity and strategic M&A clients and offers diligence and post-close planning.
Chubb writes R&W itself, paying losses and defense costs from unknown, unintentional seller breaches above a retention; Heffernan is a broker for private equity firms and strategic buyers that adds pre-close diligence, group purchasing, and tax, environmental and contingent-liability cover. 1,3
What Are the Key Differences Between Chubb and Heffernan Insurance Brokers Representations and Warranties Insurance?
Insurer Direct vs a Private-Equity Broker
Chubb underwrites R&W for buyers or sellers, including large US and Canadian multinationals, and you request a quote through its transactional-risk team. Heffernan's private equity and M&A practice brokers RWI for private equity firms and strategic investors and does not underwrite. Choose Chubb if you want to deal with the insurer directly on one deal; choose Heffernan if you are a PE firm doing repeat deals and want a broker handling diligence, group buying and related transaction covers. 1 2 3
Clear Breach Wording vs a Menu of Deal Covers
Chubb says its policy pays financial losses, including defense costs, above a retention for unintentional and unknown breaches of the seller's representations. Heffernan does not describe retention or defense-cost terms, but pairs RWI with contingent liability, environmental, tax and litigation-buyout cover. 1 3
Diligence and After-Close Help at Heffernan
Heffernan offers pre-close due diligence (review, benchmarking and a search for hidden liabilities), group purchasing across its PE clients, and insurance planning after closing. Chubb's R&W page describes none of these. 3 1
What Should You Confirm in Chubb and Heffernan Insurance Brokers Representations and Warranties Insurance Quotes?
- Ask Heffernan which insurer would issue your RWI, and whether Chubb is one of them. 3 1
- Ask whether defense costs sit inside or outside the limit. 1
- Decide whether you also need tax, environmental, contingent or litigation-buyout cover. 3
- Get the retention and limit in writing; neither publishes them. 1 3
Chubb vs Heffernan Insurance Brokers Representations and Warranties Compared
Chubb vs Heffernan Insurance Brokers: Representations and Warranties Insurance: documented features by provider
| Criteria | Chubb Representations and Warranties (R&W) Insurance | Heffernan Private Equity and M&A Practice — Representation & Warranty Insurance |
|---|---|---|
| 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. 2Company-reported. Multinational large-accounts page Specialty Coverage list; R&W page does not itself state deal-size eligibility. | Heffernan markets this practice to private equity firms and strategic investors doing mergers and acquisitions, covering both enterprise-level and transactional liability needs. 3Company-reported. Private Equity and M&A page as read on 2026-09-23. |
| 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. 1Company-reported. R&W Insurance product page quote call-to-action. | Heffernan invites private equity and M&A clients to contact the practice directly; the page does not describe a self-service quote or online application path. 3Company-reported. Private Equity and M&A page as read on 2026-09-23. |
| 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. 1Company-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. 1Company-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. 1Company-reported. Benefits of a Seller-Side R&W Insurance Policy section. | Heffernan says RWI safeguards a buyer and seller's agreed understanding of a deal, and groups it under 'Transactional Risk Mitigation' alongside contingent liability, environmental liability, tax liability, and litigation-buyout coverage. 3Company-reported. Private Equity and M&A page as read on 2026-09-23; the page does not describe RWI's specific insuring agreement, exclusions, retention structure, or limits. |
| 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. 1Company-reported. R&W Insurance product page. | Heffernan's Private Equity and M&A (HIB) Practice arranges representation and warranty (RWI) insurance for deal buyers and sellers as part of a broader transactional-risk brokerage, rather than underwriting the coverage itself. 3Company-reported. Private Equity and M&A page as read on 2026-09-23. |
