Beazley vs Gallagher: Representations and Warranties Insurance

Beazley underwrites R&W directly with advertised limits up to US $50,000,000; Gallagher places it with outside carriers instead, adding custom policy forms and pre-transaction diligence for buyers or sellers.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-09-25

Beazley writes R&W itself, with limits up to $50 million and underwriters you can speak to directly; Gallagher is a broker whose dedicated M&A attorneys shop your deal across insurers, draft custom forms and bundle R&W with D&O for SPACs.

What Are the Key Differences Between Beazley and Gallagher Representations and Warranties Insurance?

One Insurer's Capacity vs a Broker Shopping the Market

Beazley underwrites M&A insurance, including R&W, for private equity, selling entrepreneurs, private shareholders, venture capital, listed companies and other corporates, with limits up to $50 million. Gallagher's Executive and Financial Risk practice does not underwrite: it runs analysis, drafts custom policy forms and does pre-transaction diligence to pick outside insurers for R&W and tax cover, and names none of them. Choose Beazley if your deal fits within $50 million and you want to go straight to an underwriter; choose Gallagher if you want a broker to compare several insurers or need more capacity than one market offers. [1] [4]

SPAC Bundles at Gallagher

Gallagher markets R&W to SPACs bundled with D&O across the IPO and de-SPAC process. Beazley's M&A page describes no SPAC-specific bundle, though it structures cover around each deal's details and timeline. [4] [1]

Who Works Your Deal

Gallagher says several dedicated attorneys handle M&A transactional placements, including R&W, from start to finish. Beazley names regional underwriters and product leaders and lets you contact an underwriter directly. [4] [1]

What Should You Confirm in Beazley and Gallagher Representations and Warranties Insurance Quotes?

  • Ask Gallagher which insurers it would approach and whether a SPAC D&O bundle applies to you. [4]
  • Ask Beazley what limit it will quote for your deal, up to its $50 million maximum. [1]
  • If tax exposure matters, compare Gallagher's tax cover with Beazley's tax and contingent-liability options. [4] [1]
  • Ask Gallagher when its attorneys join the deal timeline. [4]

Areas of coverage

Beazley

  • role: Beazley underwrites representations and warranties (M&A) insurance directly, describing solutions designed to reduce or extinguish the impact of liabilities arising from a merger or acquisition, including warranty breaches, adverse tax consequences and contingent liability claims. US Mergers & Acquisitions product page; scope covers the general insuring concept, not a specific policy form.company-reportedSource ↗
  • eligibility: Beazley says it offers this coverage to private equity clients, selling entrepreneurs, private shareholders, venture capital funds, listed companies and other corporate clients, with a broad appetite across different target sectors, deal types and transaction structures. Product-page target-customer list; individual deal acceptance still depends on underwriting.company-reportedSource ↗
  • eligibility: Beazley says it can underwrite and place M&A insurance, including cross-border deals, in all 50 US states and more than 80 jurisdictions globally. Company-stated geographic reach; not an independently verified regulator record of authorization in every jurisdiction listed.company-reportedSource ↗
  • coverage: Beazley describes coverage that can be provided to a seller to defend against a breach of representations or warranties claimed by a purchaser, or to a purchaser for first-party protection against innocent or fraudulent breaches by a seller. Product-page description of the insuring structure; actual policy wording, retentions and exclusions are set at binding.company-reportedSource ↗
  • coverage: Beyond representation and warranty breaches, Beazley says its M&A offering can also address adverse tax consequences and contingent liability claims arising from a transaction. Product-page "What we offer" summary; each element's availability depends on the specific transaction and underwriting.company-reportedSource ↗
  • limits: Beazley advertises M&A insurance limits of up to US $50,000,000. The page does not publish retentions, minimum limits or premium ranges. Product-page headline limit figure; actual capacity offered depends on the transaction.company-reportedSource ↗
  • services: Beazley says it can underwrite transactions globally and structure coverage around the specific details and timeframes of a transaction. Company-stated service description; no turnaround-time commitment or staffing detail is published.company-reportedSource ↗
  • application: The reviewed page does not list a self-service quote form or application document for M&A insurance; it instead names underwriters and product leaders by region and links to "Speak with an Underwriter" and "Become a Beazley Broker" contact routes. Checked the full product page, including its Tools & Resources equivalent area, on 2026-09-23; no application form was found there, unlike the Crime and Fidelity page.not-foundSource ↗
  • claims: Beazley's own example describes a case where its insured was sued by a third party over intellectual property and lost, the third party then counterclaimed against the acquired target, and Beazley paid the claim and it was settled with the third party, despite some question over whether the claim was fully covered. A single company-selected scenario on the product page; it is not a claims-handling statistic or a guarantee of similar outcomes.company-reportedSource ↗

Gallagher

  • role: Gallagher's Executive and Financial Risk practice places representations and warranties (R&W) insurance for mergers and acquisitions with outside carriers; it does not underwrite the policy. Group-level executive-and-financial-risk practice page.company-reportedSource ↗
  • coverage: Gallagher describes providing analysis, custom policy forms and pre-transaction diligence to select markets and deliver R&W and tax-mitigation coverage for both buyers and sellers in M&A deals. Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions.company-reportedSource ↗
  • eligibility: Gallagher also markets R&W insurance specifically to special-purpose acquisition companies (SPACs), bundling it with D&O coverage across the IPO and de-SPAC process for the business combination. Group-level executive-and-financial-risk practice page, SPAC subsection.company-reportedSource ↗
  • services: Gallagher says it has several dedicated attorneys who assist with M&A transactional insurance placements, including R&W, from start to finish. Group-level executive-and-financial-risk practice page.company-reportedSource ↗
  • insurer: The executive-and-financial-risk page does not name the insurer that would issue a given transaction's R&W policy. Checked the group-level executive-and-financial-risk practice page.not-disclosedSource ↗
  • limits: The page does not publish specific R&W limits, retentions or premium ranges. Checked the group-level executive-and-financial-risk practice page.not-disclosedSource ↗

Sources reviewed

  1. 01
    Mergers & Acquisitions

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

  2. 02
    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

  3. 03
    Transactional Risk Insurance

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

  4. 04
    Executive and Financial Risk Insurance

    Gallagher · M&A Transactional Insurance, including Representations and Warranties and Tax Mitigation Insurance section; Special-Purpose Acquisition Companies (SPACs) section · accessed 2026-09-23

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