Lockton vs 
Newfront Representations and Warranties Insurance
Lockton’s RWI practice uses former M&A lawyers and claims experts; Newfront embeds R&W in PE deal-team diligence and analytics.
What Is Lockton?
Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. 1,2,3
What Is Newfront?
Newfront is a business-insurance and employee-benefits brokerage that combines specialist teams with online policy-management tools. It is now part of WTW. 5,6,7,8
What Is Representations and Warranties Insurance?
Representations and warranties insurance addresses financial loss from inaccuracies in the representations or warranties made in a stock or asset purchase agreement. It doesn't cover issues already known before signing, disputes over the purchase price, or every statement made during diligence. 11,12
Key Differences in Representations and Warranties Insurance
Who Sits on the Deal
Lockton and Newfront both place R&W rather than underwrite it. Lockton’s RWI Practice is staffed with former M&A lawyers and transaction advisors who, it says, use a Partner/Associate model on every deal and provide 24/7 coverage. Newfront’s Private Equity & Transaction Advisory Group describes itself as an extension of your deal team during M&A, working alongside private-equity deal teams. 4 9
Escrow Mechanics Versus Unknown-Risk Framing
Lockton describes RWI as replacing or bolstering a seller indemnity or escrow, with separate seller and buyer benefits. Newfront describes R&W as protecting clients across unknown risks arising from a transaction, and distinguishes it from tax insurance and contingent-liability insurance for hard-to-place transaction risks. Lockton’s reviewed page does not list tax insurance as a companion product on the RWI page. 4 9
Claims Experts Versus Diligence Analytics
Lockton says dedicated transaction-liability claims experts stay involved after bind and cites hundreds of millions of dollars of RWI claims settled. Newfront says due-diligence professionals identify exposures, mitigation and cost-savings on deal-time, supported by technology and data analytics, and you start with a consultation form rather than an instant quote. Neither page names the R&W insurer or publishes limits. 4 9 10
What to Confirm in Representations and Warranties Insurance Quotes
- Ask Lockton who the Partner/Associate pair and post-bind claims expert will be. 4
- Ask Newfront whether tax or contingent-liability insurance is quoted with R&W and which insurers it will approach. 9
- Confirm whether the policy is written to replace escrow, as Lockton describes, or only to sit over unknown risks. 4 9
- Get limits, retentions and the issuing carrier from both. 4 9
Offering Details
Lockton vs Newfront Representations and Warranties Insurance: documented features by provider
| Criteria | Lockton Representations & Warranties Insurance (RWI) | Newfront Representations & Warranties Insurance |
|---|---|---|
| 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. 4Company-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. 9Company-reported. Mergers & Acquisitions page's Transaction liability paragraph. |
| Issuing Insurer | The RWI page does not name the insurers underwriting the representations and warranties policies Lockton places. 4Not publicly disclosed. RWI page checked 2026-09-23. | Newfront says it has relationships with transaction liability insurers but does not name an R&W carrier. As a broker, the insurer varies by deal. 9Not publicly disclosed. Mergers & Acquisitions page's Subject matter expertise section. |
| 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. 4Company-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. 9Company-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. 4Company-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. 9Company-reported. Mergers & Acquisitions page's Transaction liability paragraph; general description, not a policy form summary. |
| Limits and Retentions | Not described in the reviewed sources. | Published limits, retentions or premium rates for R&W coverage were not found on the reviewed page. 9Not publicly disclosed. Mergers & Acquisitions page as read on 2026-09-23; limits and pricing are deal-specific for broker placements. |
| Risk Services | Not described in the reviewed sources. | Newfront says its due-diligence professionals "operate on deal-time identifying key risk exposures, mitigation solutions, and cost-savings opportunities," and that its technology and data-analytics capabilities support the M&A insurance team's work, including transaction-liability placement. 9Company-reported. Mergers & Acquisitions page's Due diligence and Technology & data-driven results sections; describes the M&A practice generally, not R&W-exclusive services. |
| How to Apply | Not described in the reviewed sources. | You engage Newfront's Private Equity & Transaction Advisory Group for R&W placement by requesting a consultation, which asks for your industry, company details and the service you need rather than issuing an instant quote. 10Company-reported. General consultation intake, not an R&W-specific application path. |
| Claims Support | Lockton says it provides dedicated transaction liability claims experts after a policy is bound, and cites having helped clients settle hundreds of millions of dollars of RWI claims to date. 4Company-reported. RWI product page as read 2026-09-23. Aggregate claims-settlement figure is company-reported and not independently verified. | Not described in the reviewed sources. |
Full Comparison
More Lockton vs Newfront Comparisons
Other Representations and Warranties Insurance Comparisons
Sources
Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Representations & Warranties Insurance | Lockton USA. Lockton; The Certain Solution for Transactional Risk; Why clients consider RWI versus traditional indemnity; Seller/Buyer benefits; Claims. Accessed 2026-09-23.
Newfront
- Business Insurance. Newfront; Purpose-Built Team; Full Transparency; Streamlined Program Management. Accessed 2026-09-15.
- Employee Benefits. Newfront; Employee Benefits heading; Tailored Solutions; Comprehensive Expertise: Benefits, Global Benefits, Compensation and Retirement. Accessed 2026-09-16.
- WTW Completes Acquisition Of Newfront. WTW; 27 January 2026 release; completion announcement and allocation of Business Insurance and Total Rewards to WTW segments. Accessed 2026-09-15.
- Mergers & Acquisitions. Newfront; Transaction liability: "Our deep expertise across R&W insurance, Tax insurance, and Contingent Liability insurance provides significant protection for clients across unknown risks"; Due diligence; Subject matter expertise; Leadership: Ted Dobos. Accessed 2026-09-23.
- Get Started Today. Newfront; Consultation form: schedule a consultation to see how Newfront can reduce your risk. Accessed 2026-09-23.
Representations and Warranties Insurance Guide
- Transaction liability insurance | Representation and indemnities insurance. CFC; What are representations and warranties?; Who should buy representation and warranty insurance?; Available to buyers & sellers; Limited seller security; Is transaction liability insurance available to sellers. Accessed 2026-09-16.
- Mergers & Acquisitions. Beazley; Product overview: buyer and seller protection for inaccuracies in representations or warranties. Accessed 2026-09-16.
