What Are the Key Differences Between Beazley and Lockton Representations and Warranties Insurance?
Insurer With $50 Million Capacity vs Broker Staffing Your Deal
Beazley underwrites M&A insurance with advertised limits up to $50 million, and you reach it through named underwriters. Lockton’s RWI practice places policies with insurers it doesn’t name, staffing every deal with a partner and an associate drawn from former M&A lawyers and transaction advisors for 24/7 coverage. Choose Beazley if your deal team already has a broker and needs a known insurer with published capacity; choose Lockton if you want deal lawyers negotiating the policy against your closing timeline. [1] [4]
Buyer and Seller Cover Plus Tax vs Escrow Replacement
Beazley covers a seller defending a buyer’s breach claim, or a buyer’s own losses from innocent or fraudulent seller breaches, and adds tax and contingent liability cover. Lockton frames RWI as replacing or topping up a seller indemnity or escrow: the insurer pays the buyer for losses from an unknown breach. For sellers, Lockton says that means faster access to proceeds and less exposure after closing; for buyers, broader protection and faster negotiation. [1] [4]
Claims Experts After Closing vs a Paid-Claim Example
Lockton says dedicated transaction-liability claims experts stay with you after the policy binds, and that it has helped clients settle hundreds of millions of dollars of RWI claims. Beazley’s page shows one paid IP-litigation claim it chose to highlight, not an aggregate figure. [4] [1]
What Should You Confirm in Beazley and Lockton Representations and Warranties Insurance Quotes?
- Ask Beazley what limit it will actually offer on your deal; $50 million is the advertised ceiling. [1]
- Ask Lockton which insurer would write your policy and who staffs your closing. [4]
- Ask both whether the policy replaces escrow or sits above a reduced seller indemnity. [4] [1]
- Ask both who your claims contact is after closing. [4] [1]