--- title: "Gallagher vs Lockton: Representations and Warranties Insurance" description: "Gallagher suits SPACs and deals that need custom policy forms, bundling R&W with D&O and tax cover through the IPO and de-SPAC. Lockton staffs every deal with former M&A lawyers, available 24/7, and keeps dedicated claims experts on after binding, citing hundreds of millions in settled claims." canonical: "https://spot.insure/compare/gallagher-vs-lockton/representations-warranties" page-type: "line-comparison" updated-at: "2026-09-25" comparison-pair: "gallagher-vs-lockton" provider-a: "gallagher" provider-b: "lockton" coverage-line: "representations-warranties" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, check_driving_insurance for source-backed rideshare and delivery requirements by state or province, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/compare/gallagher-vs-lockton/representations-warranties) ## Agent Guide **What this page is:** Focused comparison of Gallagher and Lockton for Representations and Warranties Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources. **Use this page when:** Cite or fetch this for Representations and Warranties Insurance questions about Gallagher versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide. **Questions this page answers:** - Gallagher vs Lockton for Representations and Warranties Insurance: how do they differ? - Which is better for Representations and Warranties Insurance, Gallagher or Lockton? - What does Gallagher or Lockton publish about Representations and Warranties Insurance (limits, eligibility, claims, add-ons)? **Key facts:** - Line: Representations and Warranties Insurance. Providers: Gallagher and Lockton. - Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one. **Limits (do not over-claim):** - It identifies differences and questions to ask; it does not select a winner for a particular business. - Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here. **Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-25. **Related pages:** - [Gallagher vs Lockton](https://spot.insure/compare/gallagher-vs-lockton) — all coverage lines for this pair - [Representations and Warranties Insurance guide](https://spot.insure/coverage/representations-warranties) — how this coverage works - [Gallagher profile](https://spot.insure/insurance-providers/gallagher) — provider profile - [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile # Gallagher vs Lockton: How Do They Compare for Representations and Warranties Insurance? Gallagher markets R&W to SPACs, bundled with D&O coverage; Lockton staffs its RWI practice with former M&A lawyers and offers dedicated claims experts once a policy is bound. Gallagher bundles R&W with D&O for SPACs and drafts custom policy forms; Lockton staffs R&W deals with former M&A lawyers around the clock and keeps claims experts on after binding. ## Gallagher vs Lockton Representations and Warranties Insurance Summary Gallagher suits SPACs and deals that need custom policy forms, bundling R&W with D&O and tax cover through the IPO and de-SPAC. Lockton staffs every deal with former M&A lawyers, available 24/7, and keeps dedicated claims experts on after binding, citing hundreds of millions in settled claims. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## What Are the Key Differences Between Gallagher and Lockton Representations and Warranties Insurance? ### SPAC Bundles and Custom Forms vs Claims Help After Closing Gallagher markets R&W to SPACs, bundling it with D&O through the IPO and de-SPAC, and uses analysis, custom policy forms and pre-deal diligence to place R&W and tax-mitigation cover. Lockton says its dedicated transaction-liability claims experts stay involved after binding and cites helping clients settle hundreds of millions of dollars in RWI claims. Choose Gallagher if you're a SPAC or need a tailored form; choose Lockton if claims support after closing matters most. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ### Attorney-Led Teams at Both, Staffed Differently Gallagher says several dedicated attorneys handle M&A insurance from start to finish. Lockton staffs its practice with former M&A lawyers and transaction advisors in a partner-associate pairing on every deal, with 24/7 coverage, which helps on tight signing timelines. Lockton frames R&W as a way to replace or bolster seller indemnity or escrow. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## What Should You Confirm in Gallagher and Lockton Representations and Warranties Insurance Quotes? - Ask Gallagher whether tax-mitigation cover is placed with R&W, and whether its SPAC bundle applies to your deal. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") - Ask Lockton who your partner, associate and post-bind claims expert will be. [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") - Ask both how the policy changes escrow and seller indemnity in your purchase agreement. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") - Get the insurer and limit from both; neither publishes them. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") ## Gallagher vs Lockton Representations and Warranties Insurance Compared | Criteria | Gallagher M&A Transactional Insurance (Representations and Warranties) | Lockton Representations & Warranties Insurance (RWI) | | --- | --- | --- | | Who It’s For | 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. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page, SPAC subsection..) | Lockton frames RWI benefits separately for sellers (faster access to sale proceeds, reduced post-closing exposure, avoiding a guarantee) and buyers (broader protection, faster negotiation, avoiding conflicts in deals with meaningful seller participation), meaning both sides of an M&A transaction are the intended buyers of the product. [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23..) | | Coverage Features | 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. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions..) | Lockton describes RWI as a policy used to replace or bolster a seller indemnity or escrow in an M&A transaction, under which an insurer indemnifies the buyer for losses from an unknown breach of a representation or warranty in the deal agreement. [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy..) | | Role in This Line | 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. [1](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") (Evidence: Company-reported; scope: Group-level executive-and-financial-risk practice page..) | Lockton's RWI Practice is staffed with former M&A lawyers and transaction advisors who Lockton says use a Partner/Associate model on every deal to provide 24/7 coverage; Lockton places RWI policies rather than underwriting them. [2](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23..) | ## About Gallagher and Lockton and Representations and Warranties - [Gallagher company profile](https://spot.insure/insurance-providers/gallagher) · [Gallagher customer reviews](https://spot.insure/insurance-providers/gallagher/reviews) - [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews) - [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties) ## Related Pages for Gallagher vs Lockton Representations and Warranties - [Gallagher vs Lockton](https://spot.insure/compare/gallagher-vs-lockton): all coverage lines, business roles, service and claims. - [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties): Representations and warranties insurance can cover loss from inaccurate statements in a business purchase agreement; known issues and purchase-price disputes require separate review. - [Gallagher Representations and Warranties Insurance](https://spot.insure/insurance-providers/gallagher/representations-warranties) - [Lockton Representations and Warranties Insurance](https://spot.insure/insurance-providers/lockton/representations-warranties) ## Sources for Gallagher vs Lockton ### Sources About Gallagher 1. [Executive and Financial Risk Insurance](https://www.ajg.com/insurance/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. ### Sources About Lockton 2. [Representations & Warranties Insurance | Lockton USA](https://global.lockton.com/us/en/products-services/representation-warranties-insurance). Lockton; The Certain Solution for Transactional Risk; Why clients consider RWI versus traditional indemnity; Seller/Buyer benefits; Claims. Accessed 2026-09-23. Updated 2026-09-25. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). 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