What Are the Key Differences Between Gallagher and Lockton Representations and Warranties Insurance?
SPAC Bundles and Custom Forms vs Claims Help After Closing
Gallagher markets R&W to SPACs, bundling it with D&O through the IPO and de-SPAC, and uses analysis, custom policy forms and pre-deal diligence to place R&W and tax-mitigation cover. Lockton says its dedicated transaction-liability claims experts stay involved after binding and cites helping clients settle hundreds of millions of dollars in RWI claims. Choose Gallagher if you're a SPAC or need a tailored form; choose Lockton if claims support after closing matters most. [4] [5]
Attorney-Led Teams at Both, Staffed Differently
Gallagher says several dedicated attorneys handle M&A insurance from start to finish. Lockton staffs its practice with former M&A lawyers and transaction advisors in a partner-associate pairing on every deal, with 24/7 coverage, which helps on tight signing timelines. Lockton frames R&W as a way to replace or bolster seller indemnity or escrow. [4] [5]
What Should You Confirm in Gallagher and Lockton Representations and Warranties Insurance Quotes?
- Ask Gallagher whether tax-mitigation cover is placed with R&W, and whether its SPAC bundle applies to your deal. [4]
- Ask Lockton who your partner, associate and post-bind claims expert will be. [5]
- Ask both how the policy changes escrow and seller indemnity in your purchase agreement. [4] [5]
- Get the insurer and limit from both; neither publishes them. [4] [5]