Gallagher vs 
Relm Insurance D&O Insurance
Gallagher places D&O for SPACs and IPOs with in-house claims attorneys; Relm sells D&O through brokers and does not name an issuer on its Financial Lines page.
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. 1,2,3,4,5
What Is Relm Insurance?
Relm is a specialty insurance business serving emerging industries. Its AI range distinguishes developer liability, gaps in existing liability insurance and losses from third-party AI failures. 6,7
What Is Directors and Officers Insurance?
Directors and officers liability insurance addresses covered claims alleging wrongful acts in managing an organization. 9
Key Differences in D&O Insurance
Listing Advisory Versus Broker-Channel Product
Gallagher’s Executive and Financial Risk practice places D&O and advises on program design; it does not underwrite, and it markets that work to SPACs and companies going public. Relm sells D&O through insurance brokers—its page says brokers can use Relm to protect clients’ leadership teams—and does not describe a direct online quote. Gallagher is the placing broker talking to you; Relm is a market those brokers can use. 3 8
Claims Attorneys Versus a Coverage Description
Gallagher describes a dedicated claims-advocacy team with in-house attorneys specializing in these lines, plus Side-A-only benchmarking. Relm’s reviewed D&O page does not describe dedicated risk-control, governance-advisory or claims-advocacy services beyond the general coverage description: legal fees, settlements and financial losses when directors and officers are held liable for decisions, including claims from shareholders, regulators, competitors or employees. 3 8
Issuer Language
Gallagher’s page does not name the insurer for a given D&O policy; it weighs carrier qualifications and the client’s insurer history. Relm’s Financial Lines page also does not name a specific issuer; separate Relm pages describe Relm Insurance Ltd. and a fronting insurer generally, not tied to this line. Relm notes startups needing D&O to attract executives; Gallagher’s stated targets are SPACs and listing companies. 3 8
What to Confirm in D&O Insurance Quotes
- Ask Gallagher which carrier it would approach for a listing-stage tower. 3
- Ask Relm which entity would issue and whether a fronting insurer is involved for this line. 8
- Ask which retail broker would place Relm D&O if you are not already using one. 8
- Get limits; Gallagher’s page does not publish them. 3
Offering Details
Gallagher vs Relm Insurance D&O Insurance: documented features by provider
| Criteria | Gallagher Directors and Officers (D&O) Liability Insurance | Relm Directors and Officers Liability Insurance |
|---|---|---|
| Role in This Line | Gallagher's Executive and Financial Risk practice places D&O liability insurance and advises on program design; it does not underwrite the policy, which is issued by a carrier selected during placement. 3Company-reported. Group-level executive-and-financial-risk practice page. | Relm markets D&O liability as a line brokers can place through Relm for their clients, describing custom coverage rather than a one-size-fits-all policy. 8Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement. |
| Issuing Insurer | The executive-and-financial-risk page does not name the insurer that would issue a given client's D&O policy; it says Gallagher weighs carrier qualifications and performance data alongside a client's own insurer history and preferences when deciding which carriers to approach. 3Company-reported. Group-level executive-and-financial-risk practice page. | The reviewed Financial Lines page does not name a specific issuing insurer for D&O placements; Relm's separate legal-information and fronting-partner pages describe Relm Insurance Ltd. and an external fronting insurer generally, not tied to this specific line. 8Not publicly disclosed. Line-of-business page as read on 2026-09-23; a specific placement's insurer is product- and jurisdiction-specific. |
| Who It’s For | Gallagher specifically markets D&O placement and advisory support to special-purpose acquisition companies (SPACs) around their IPO and de-SPAC process, and to companies going public through an IPO or direct listing. 3Company-reported. Group-level executive-and-financial-risk practice page, SPAC and IPO subsections. | Relm targets companies in disruptive or fast-changing sectors, naming Web3 founders, biotechnology leaders and AI pioneers as examples, and says any company with a board benefits, with startups especially needing it to attract executives. 8Company-reported. Financial Lines page framing; not a guarantee of eligibility for a particular company. |
| Coverage Features | Gallagher says its D&O team constructs policies addressing lawsuits from shareholders, employees, competitors, suppliers and government bodies, and can evaluate an existing D&O program against the market. 3Company-reported. Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement. | Relm says D&O coverage generally protects directors and officers' personal assets by covering legal fees, settlements and financial losses when they are held liable for decisions made managing the company, including claims from shareholders, regulators, competitors or employees. 8Company-reported. Financial Lines page general description; Relm notes coverage can differ by carrier, and the issued policy and declarations control. |
| Limits and Retentions | The executive-and-financial-risk page does not publish D&O limits, retentions or premium ranges. 3Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page. | Not described in the reviewed sources. |
| Risk Services | For SPACs and IPOs, Gallagher describes bundling D&O coverage before and after the IPO with related lines such as representations and warranties, E&O, cyber, tax and contingent liability coverage, plus risk-management and claims support at each stage. 3Company-reported. Group-level executive-and-financial-risk practice page, SPAC subsection. | The reviewed D&O page does not describe dedicated risk-control, governance-advisory or claims-advocacy services beyond the general coverage description. 8Not found in reviewed sources. Financial Lines page as read on 2026-09-23. |
| How to Apply | Not described in the reviewed sources. | Relm sells D&O through insurance brokers (its page says brokers can use Relm to protect clients' leadership teams); it does not describe a direct online quote. 8Company-reported. Financial Lines page framing; consistent with Relm's broader broker-distribution model described on its legal-information and US MGA pages. |
| Claims Support | Gallagher says its Executive and Financial Risk practice has a dedicated claims-advocacy team with in-house attorneys specializing in these lines, and that it uses quantitative benchmarking, including measuring the judicious use of Side-A-only D&O coverage, to guide more precise coverage structures. 3Company-reported. Group-level executive-and-financial-risk practice summary; describes a support service, not a guarantee of claim payment. | Not described in the reviewed sources. |
Full Comparison
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Sources
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; Directors and Officers (D&O) Liability insurance section; Special-Purpose Acquisition Companies (SPACs) section; IPO and direct listings section; Executive and Financial Risk Practice Summary. 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.
Relm Insurance
- Relm Launches US MGA. Relm Insurance; Opening paragraphs describing US MGA and distribution partners. Accessed 2026-09-16.
- Relm Launches AI Liability Solutions. Relm Insurance; NOVAAI, PONTAAI and RESCAAI: Applicable Users and Coverage Highlights. Accessed 2026-09-16.
- Financial Lines Insurance. Relm Insurance; Directors and Officers (D&O) Liability Insurance: What Is D&O Liability Insurance?; Risk Is Part of the Role. Personal Exposure Doesn't Have to Be.; What Does D&O Insurance Cover? Accessed 2026-09-23.
D&O Insurance Guide
- Glossary of Business Insurance Terms. The Hartford; Directors and Officers Liability Insurance; Errors and Omissions Insurance; Employment Practices Liability Insurance. Accessed 2026-09-16.
