AIG vs Baldwin: Representations and Warranties Insurance

AIG markets R&W for individual M&A transactions with shared, layered or excess structures; The Baldwin Group brokers placement and describes due diligence and claims advocacy for deal clients.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-09-30

Areas of coverage

AIG

  • role: AIG markets a transaction-specific R&W product and says coverage is written through AIG non-admitted carriers only. The particular issuing entity must be confirmed in the buyer’s transaction documents. Role in this product is limited to the description on the linked AIG source.company-reportedSource ↗
  • eligibility: AIG describes R&W insurance for buyers or sellers in merger and acquisition transactions and publishes a deal-size range as a marketing guide. That range is not an eligibility promise for a particular transaction. Audience is the segment AIG names on the linked source; this is not an underwriting decision, quote or guarantee of availability.company-reportedSource ↗
  • coverage: AIG says the product may protect against financial loss from breach of sellers’ representations and warranties. The page lists shared, layered and excess structures; policy wording and transaction diligence control the actual coverage. AIG’s public product description is not the policy. Actual entitlement depends on the applicable issued form, endorsements and declarations.company-reportedSource ↗
  • services: AIG describes M&A underwriters, prompt transaction support, multinational expertise and dedicated claims professionals for complex transactional disputes. These services are not a promise to accept or pay a claim. The linked page describes company-reported support; specific account services and third-party arrangements must be confirmed.company-reportedSource ↗
  • limits: AIG advertises limits up to $100 million per transaction and a typical retention reference of 1.0% of enterprise value dropping to 0.5% after 12 months. These are published product parameters, not a buyer-specific quote or guarantee. This statement reports only what the linked public source discloses and does not substitute for a quote or issued policy.not-disclosedSource ↗

The Baldwin Group

  • role: The source describes The Baldwin Group’s brokerage or advisory role for Representations and Warranties Transaction Advisory. It does not identify Baldwin as the risk-bearing insurer for a particular placement. The cited company page describes its brokerage/advisory role and does not name the issuer for a buyer-specific placement.company-reportedSource ↗
  • eligibility: Baldwin describes its M&A practice as advising financial sponsors and portfolio companies involved in mergers and acquisitions. This scope does not determine transaction eligibility. This is the audience or client context named on Baldwin’s page, not an underwriting decision or guarantee of product availability.company-reportedSource ↗
  • coverage: Baldwin lists representations and warranties insurance among transactional-risk products its M&A team can negotiate and place. It does not publish policy wording, covered breach, exclusions or limit terms. The statement reports Baldwin’s marketed coverage or advisory description only. No individual quote, binder, policy form, schedule or endorsement was reviewed; policy entitlement and terms remain unknown.company-reportedSource ↗
  • services: Baldwin describes transaction-risk advice, insurance due diligence, policy placement, portfolio programs and claims advocacy for M&A clients. These are company-described brokerage and risk-advisory services; account-specific service commitments and third-party terms are not established.company-reportedSource ↗
  • limits: The reviewed source does not state a buyer-specific limit, retention, deductible or coverage schedule. Confirm the quote and issued policy or bond. No buyer quote, binder, policy or bond form was available in the reviewed public sources.not-disclosedSource ↗

What Are the Key Differences Between AIG and The Baldwin Group Representations and Warranties Insurance?

Capacity Versus Advisory Services

AIG advertises limits up to $100 million per transaction and a typical retention reference that may drop after 12 months; these are published parameters, not guaranteed terms. The Baldwin Group describes transaction-risk advice, insurance due diligence, policy placement and claims advocacy, but does not publish policy limits or coverage wording. A buyer should compare AIG’s capacity with the terms Baldwin negotiates from its selected insurer and confirm the actual retention. [1] [5]

Who Bears the Risk

AIG markets transaction-specific R&W coverage written through non-admitted carriers, with the issuing entity confirmed in transaction documents. Baldwin lists R&W among transactional-risk products its team negotiates and places; it does not identify itself as the insurer. The parties should name the risk-bearing carrier and policy form before relying on either provider’s advisory or product description. [1] [5]

What Should You Confirm in AIG and The Baldwin Group Representations and Warranties Insurance Quotes?

  • Ask AIG for the transaction-specific limit, retention, issuing entity and policy wording. [1]
  • Ask The Baldwin Group which insurer it is approaching and whether due diligence and claims advocacy are included in its engagement. [5]

AIG advertises up to $100 million per R&W transaction with a typical retention reference; The Baldwin Group brokers transaction-risk coverage and offers due diligence and claims advocacy.

Sources reviewed

  1. 01
    Representations & Warranties Insurance

    AIG · Official AIG R&W page: M&A buyer/seller audience, advertised transaction size and capacity, typical retention, admitted basis caveat, claims and multinational transaction support; standard policy caveat. · accessed 2026-09-30

  2. 02
    Mergers & Acquisitions

    Beazley · Product overview: buyer and seller protection for inaccuracies in representations or warranties · accessed 2026-09-16

  3. 03
    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

  4. 04
    Transactional Risk Insurance

    Coverdash · Transactional risk insurance; representations and warranties coverage; buy-side policies; tax and contingent liability products · accessed 2026-09-16

  5. 05
    M&A, Private Equity & VC Risk Management

    The Baldwin Group · Transactional-risk insurance and placement claims lines 72–80; P&C line list lines 101–116; accessed 2026-09-29. · accessed 2026-09-30

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