HUB International vs Lockton: How Do They Compare for Representations and Warranties Insurance?

HUB International brokers R&W and says it can reduce or eliminate escrow requirements; Lockton places RWI through former M&A lawyers and cites hundreds of millions of dollars of settled RWI claims.

HUB places R&W alongside litigation-buyout and tax-indemnity insurance, and says it can cut escrow and make your bid more competitive. Lockton staffs each deal with former M&A lawyers available 24/7, and its claims experts stay involved after binding. ^1,²

What Are the Key Differences Between HUB International and Lockton Representations and Warranties Insurance?

Both place R&W with insurers rather than underwrite it, and neither names the insurer. HUB’s M&A practice also offers litigation-buyout insurance for a seller’s pending lawsuits and tax-indemnification insurance for the tax treatment of a past, pending or future transaction. Lockton lists no companion products; it staffs each deal with a partner and associate team of former M&A lawyers and transaction advisors, available 24/7. Choose HUB if your deal carries pending litigation or tax exposure you also want insured; choose Lockton if a tight closing timeline needs lawyer-level support. ¹ ²

Escrow and Bidding vs Replacing Seller Indemnity

HUB says R&W protects a buyer if a seller’s contractual guarantees prove untrue and can reduce or eliminate escrow and make your bid more competitive. Lockton describes R&W as replacing or backing up a seller indemnity or escrow, with the insurer paying the buyer for losses from an unknown breach. ¹ ²

Negotiated Coverage vs Claims Support After Binding

HUB sends you to a broker to negotiate deal-specific cover and describes no dedicated R&W claims team. Lockton’s transaction-liability claims experts stay involved after binding, and it says it has helped clients settle hundreds of millions of dollars of R&W claims. If a breach surfaces after closing, Lockton is the one that describes who will help you collect. ¹ ²

What Should You Confirm in HUB International and Lockton Representations and Warranties Insurance Quotes?

Ask HUB whether tax indemnification or litigation buyout will be quoted with R&W on your deal. ¹
Ask Lockton who will staff your closing week. ²
Ask both whether the quote replaces escrow, and confirm it covers only unknown breaches. ¹ ²
Get the insurer and limit from both; neither publishes them. ¹ ²

HUB International vs Lockton Representations and Warranties Compared

HUB International vs Lockton: Representations and Warranties Insurance: documented features by provider

Criteria	HUB International Representations and Warranties Insurance	Lockton Representations & Warranties Insurance (RWI)
Coverage Features	HUB describes representations and warranties insurance as covering the contractual guarantees a seller makes in a sale agreement, protecting a buyer against the guarantees turning out to be untrue, and says it can reduce or eliminate escrow requirements and support more competitive bidding. ¹Company-reported. Product-page description of representations and warranties coverage; the issued policy and its exclusions control an actual claim. HUB's M&A practice also offers litigation buyout (contingent risk) insurance for pending litigation a seller faces, and tax indemnification insurance for the tax treatment of a historical, pending or future transaction, alongside representations and warranties coverage. ¹Company-reported. Product-page description of related transactional risk products.	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. ²Company-reported. RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy.
Role in This Line	HUB brokers representations and warranties insurance as part of its mergers and acquisitions (transactional risk) practice, rather than underwriting the policy itself. ¹Company-reported. M&A insurance product page as read 2026-09-23; the page does not name an issuing insurer.	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. ²Company-reported. RWI product page as read 2026-09-23.

Criteria

HUB International Representations and Warranties Insurance

Lockton Representations & Warranties Insurance (RWI)

Coverage Features

HUB describes representations and warranties insurance as covering the contractual guarantees a seller makes in a sale agreement, protecting a buyer against the guarantees turning out to be untrue, and says it can reduce or eliminate escrow requirements and support more competitive bidding. ¹Company-reported. Product-page description of representations and warranties coverage; the issued policy and its exclusions control an actual claim.

HUB's M&A practice also offers litigation buyout (contingent risk) insurance for pending litigation a seller faces, and tax indemnification insurance for the tax treatment of a historical, pending or future transaction, alongside representations and warranties coverage. ¹Company-reported. Product-page description of related transactional risk products.

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. ²Company-reported. RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy.

Role in This Line

HUB brokers representations and warranties insurance as part of its mergers and acquisitions (transactional risk) practice, rather than underwriting the policy itself. ¹Company-reported. M&A insurance product page as read 2026-09-23; the page does not name an issuing insurer.

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. ²Company-reported. RWI product page as read 2026-09-23.