Chubb vs USI Insurance Services Representations and Warranties Insurance

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.

USI brokers representations and warranties (R&W) insurance as part of its Private Equity practice's deal-support services; it does not underwrite the policy itself. ⁹Company-reported. Private Equity practice page.

Not described in the reviewed sources.

The Private Equity page does not name the insurer USI uses for R&W placements. ⁹Not publicly disclosed. Page as read on 2026-09-23.

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.

USI markets this practice to private equity buyers and sellers working with financial or strategic buyers throughout a merger or acquisition process, not to a general commercial buyer outside a deal context. ⁹Company-reported. Company description of the practice's audience.

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.

USI lists "Representations and Warranties Insurance Solutions for Uninsured Risk" among its Private Equity practice's offerings, in the context of reviewing the offering memorandum and purchase-and-sale agreement to identify pre-closing liabilities. ⁹Company-reported. Single catalogue line on the practice page; actual insuring agreements, exclusions and the underwriting review process are set by the R&W insurer and the deal's own diligence.

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 limit or retention figures for R&W placements. ⁹Not publicly disclosed. Page as read on 2026-09-23.

Not described in the reviewed sources.

USI says it reviews the offering memorandum and purchase-and-sale agreement to flag red flags, helps define pre-closing liabilities, and maintains a local service team overseeing the target company's insurance and benefits programs after close, alongside benchmarking and total-cost-of-risk analysis. ⁹Company-reported. Company description of the deal-support process; R&W insurance is one of several services listed alongside these.

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.

USI directs private equity and M&A inquiries to pcinquiries@usi.com or a local USI office. ⁹Company-reported. Contact instructions on the Private Equity practice page.