---
title: "Lockton vs Newfront Representations and Warranties Insurance"
description: "Lockton’s RWI practice uses former M&A lawyers and claims experts; Newfront embeds R&W in PE deal-team diligence and analytics."
canonical: "https://spot.insure/compare/lockton-vs-newfront/representations-warranties"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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[Human-readable page](https://spot.insure/compare/lockton-vs-newfront/representations-warranties)

# 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.

## Research Scope and Use

Use this comparison to evaluate Lockton and Newfront for Representations and Warranties Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Lockton places RWI with a Partner/Associate model of former M&A lawyers, describes escrow replacement, and cites dedicated claims experts after bind. Newfront places R&W through a Private Equity & Transaction Advisory Group that works as an extension of the deal team, with due-diligence professionals and data analytics. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions")

## 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](https://global.lockton.com/us/en "Lockton United States") [2](https://global.lockton.com/us/en/technology "Technology") [3](https://global.lockton.com/us/en/terms-of-business "US Terms of Business")

[Lockton profile](https://spot.insure/insurance-providers/lockton)

## 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](https://www.newfront.com/business-insurance "Business Insurance") [6](https://www.newfront.com/total-rewards "Employee Benefits") [7](https://www.newfront.com/navigator "Newfront Navigator") [8](https://investors.wtwco.com/news-releases/news-release-details/wtw-completes-acquisition-newfront "WTW Completes Acquisition Of Newfront")

[Newfront profile](https://spot.insure/insurance-providers/newfront)

## 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](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance") [12](https://www.beazley.com/en-us/products/executive-risk-usa/mergers-acquisitions "Mergers & Acquisitions")

## 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](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions")

### 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](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions")

### 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](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions") [10](https://www.newfront.com/talk-to-an-expert "Get Started Today")

## What to Confirm in Representations and Warranties Insurance Quotes

- Ask Lockton who the Partner/Associate pair and post-bind claims expert will be. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA")
- Ask Newfront whether tax or contingent-liability insurance is quoted with R&W and which insurers it will approach. [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions")
- Confirm whether the policy is written to replace escrow, as Lockton describes, or only to sit over unknown risks. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions")
- Get limits, retentions and the issuing carrier from both. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions")

## Offering Details

| 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. [4](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..) | 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. [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions") (Evidence: Company-reported; scope: 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. [4](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Not publicly disclosed; scope: 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. [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions") (Evidence: Not publicly disclosed; scope: 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. [4](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..) | 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. [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions") (Evidence: Company-reported; scope: 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. [4](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..) | 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. [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions") (Evidence: Company-reported; scope: 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. [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions") (Evidence: Not publicly disclosed; scope: 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. [9](https://www.newfront.com/services/mergers-acquisitions "Mergers & Acquisitions") (Evidence: Company-reported; scope: 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. [10](https://www.newfront.com/talk-to-an-expert "Get Started Today") (Evidence: Company-reported; scope: 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. [4](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. Aggregate claims-settlement figure is company-reported and not independently verified..) | Not described in the reviewed sources. |

## Full Comparison

- [Lockton vs Newfront](https://spot.insure/compare/lockton-vs-newfront): all coverage lines, business roles, service and claims.
- [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties): Representations and warranties insurance addresses financial loss from inaccurate statements in a business purchase agreement.
- [Lockton vs Newfront Cargo and Transit Insurance](https://spot.insure/compare/lockton-vs-newfront/cargo-transit)
- [Lockton vs Newfront Commercial Property Insurance](https://spot.insure/compare/lockton-vs-newfront/commercial-property)
- [Lockton vs Newfront Crime Insurance](https://spot.insure/compare/lockton-vs-newfront/crime)
- [Lockton vs Newfront Cyber Insurance](https://spot.insure/compare/lockton-vs-newfront/cyber)
- [Lockton vs Newfront D&O Insurance](https://spot.insure/compare/lockton-vs-newfront/directors-officers)
- [Lockton vs Newfront Employee Health Benefits](https://spot.insure/compare/lockton-vs-newfront/employee-health-benefits)
- [Lockton vs Newfront Employment Practices Liability Insurance](https://spot.insure/compare/lockton-vs-newfront/employment-practices)
- [Lockton vs Newfront Fiduciary Liability Insurance](https://spot.insure/compare/lockton-vs-newfront/fiduciary)
- [Lockton vs Newfront General Liability Insurance](https://spot.insure/compare/lockton-vs-newfront/general-liability)
- [Lockton vs Newfront Product Liability Insurance](https://spot.insure/compare/lockton-vs-newfront/product-liability)
- [Lockton vs Newfront Surety Bonds](https://spot.insure/compare/lockton-vs-newfront/surety-bonds)
- [Lockton vs Newfront Workers’ Compensation Insurance](https://spot.insure/compare/lockton-vs-newfront/workers-compensation)
- [Beazley vs Lockton Representations and Warranties Insurance](https://spot.insure/compare/beazley-vs-lockton/representations-warranties)
- [Beazley vs Newfront Representations and Warranties Insurance](https://spot.insure/compare/beazley-vs-newfront/representations-warranties)
- [CFC vs Lockton Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-lockton/representations-warranties)
- [CFC vs Newfront Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-newfront/representations-warranties)
- [Chubb vs Lockton Representations and Warranties Insurance](https://spot.insure/compare/chubb-vs-lockton/representations-warranties)
- [Chubb vs Newfront Representations and Warranties Insurance](https://spot.insure/compare/chubb-vs-newfront/representations-warranties)

## Sources

### Lockton

1. [Lockton United States](https://global.lockton.com/us/en). Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
2. [Technology](https://global.lockton.com/us/en/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.
3. [US Terms of Business](https://global.lockton.com/us/en/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.
4. [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.

### Newfront

5. [Business Insurance](https://www.newfront.com/business-insurance). Newfront; Purpose-Built Team; Full Transparency; Streamlined Program Management. Accessed 2026-09-15.
6. [Employee Benefits](https://www.newfront.com/total-rewards). Newfront; Employee Benefits heading; Tailored Solutions; Comprehensive Expertise: Benefits, Global Benefits, Compensation and Retirement. Accessed 2026-09-16.
7. [Newfront Navigator](https://www.newfront.com/navigator). Newfront; Total Access. Real Confidence; Explore What You Can Do in Navigator; product demonstration image. Accessed 2026-09-15.
8. [WTW Completes Acquisition Of Newfront](https://investors.wtwco.com/news-releases/news-release-details/wtw-completes-acquisition-newfront). WTW; 27 January 2026 release; completion announcement and allocation of Business Insurance and Total Rewards to WTW segments. Accessed 2026-09-15.
9. [Mergers & Acquisitions](https://www.newfront.com/services/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.
10. [Get Started Today](https://www.newfront.com/talk-to-an-expert). Newfront; Consultation form: schedule a consultation to see how Newfront can reduce your risk. Accessed 2026-09-23.

### Representations and Warranties Insurance Guide

11. [Transaction liability insurance | Representation and indemnities insurance](https://www.cfc.com/en-us/products/class/transaction-liability/). 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.
12. [Mergers & Acquisitions](https://www.beazley.com/en-us/products/executive-risk-usa/mergers-acquisitions). Beazley; Product overview: buyer and seller protection for inaccuracies in representations or warranties. Accessed 2026-09-16.

Updated 2026-09-23. 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). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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