Lockton vs 
Newfront: How Do They Compare for Representations and Warranties Insurance?
Lockton staffs its RWI practice with former M&A lawyers and offers dedicated claims experts after binding; Newfront places R&W through its Private Equity & Transaction Advisory Group, engaged by requesting a consultation.
Lockton puts former M&A lawyers on every R&W deal around the clock and keeps dedicated claims experts involved after closing. Newfront works inside private equity deal teams, using diligence professionals and data analytics to find exposures and placing tax or contingent-liability cover alongside R&W. 1,2
What Are the Key Differences Between Lockton and Newfront Representations and Warranties Insurance?
Claims Support After Closing vs Diligence Before It
Lockton says dedicated transaction-liability claims experts stay on after binding and cites hundreds of millions of dollars in RWI claims settled for clients. Newfront's Private Equity & Transaction Advisory Group works as an extension of your deal team, with diligence professionals using technology and data analytics to spot exposures and savings during the deal. Choose Lockton if you expect to lean on your broker when a breach claim arises; choose Newfront if you're a PE buyer who wants help finding risks before you sign. 1 2
Escrow Replacement vs Companion Transaction Cover
Lockton frames R&W as replacing or bolstering seller indemnity or escrow, with benefits for both sides, and staffs every deal with a former-M&A-lawyer partner and associate available 24/7. Newfront frames R&W as cover for unknown risks and places tax and contingent-liability insurance for known, hard-to-place issues; you start with a consultation form. 1 2 3
What Should You Confirm in Lockton and Newfront Representations and Warranties Insurance Quotes?
- Ask Lockton who your partner, associate and post-bind claims expert will be. 1
- Ask Newfront whether tax or contingent-liability cover is quoted with R&W and which insurers it will approach. 2
- Ask both whether the policy is meant to replace escrow in your purchase agreement. 1 2
- Get limits, retentions and the insurer from both; neither publishes them. 1 2
Lockton vs Newfront Representations and Warranties Insurance Compared
Lockton vs Newfront: Representations and Warranties Insurance: documented features by provider
| Criteria | Lockton Representations & Warranties Insurance (RWI) | Newfront Representations & Warranties Insurance |
|---|---|---|
| Who It’s For | 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. 1Company-reported. RWI product page as read 2026-09-23. | Newfront markets R&W insurance to clients executing mergers and acquisitions, working alongside private-equity deal teams; the reviewed page does not set a minimum deal size or industry restriction. 2Company-reported. Mergers & Acquisitions page; a practice-wide description, not a stated R&W-specific eligibility threshold. |
| Coverage Features | 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. 1Company-reported. RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy. | Newfront describes R&W insurance as protecting clients "across unknown risks" arising from a transaction, distinguishing it from the tax insurance and contingent-liability insurance the same team also places for "hard-to-place transaction risks." The reviewed page does not describe R&W policy exclusions, retention structure or claims-made terms. 2Company-reported. Mergers & Acquisitions page's Transaction liability paragraph; general description, not a policy form summary. |
| Role in This Line | 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. 1Company-reported. RWI product page as read 2026-09-23. | Newfront places representations and warranties (R&W) insurance through its Private Equity & Transaction Advisory Group, which it describes as operating as "an extension of your deal-team" during M&A transactions. Newfront brokers R&W coverage; it does not underwrite it. 2Company-reported. Mergers & Acquisitions page's Transaction liability paragraph. |
