Chubb launches global transactional risk platform under M&A specialist
Property/casualty insurer Chubb has launched a global transactional risk platform aimed at providing transactional risk liability insurance products across international markets and expanding its global presence.
The company has appointed Josh Cowen as senior vice president, international transactional risk to lead this initiative from London.
Cowen, a seasoned mergers and acquisition (M&A) risk insurance professional, will be responsible for leading a team of underwriters focused on warranty and indemnity, tax and contingent liability products in jurisdictions outside of North America.
Cowen will report to Lance Fraser, senior vice president, Chubb Transactional Risk. Cowen joins Chubb with nearly 15 years of transaction risk experience, most recently at Fusion Specialty. Previously, he held senior management roles overseeing M&A underwriting at Aviva and AIG. Cowen is a qualified solicitor for England and Wales and practiced as a corporate lawyer for a London-based law firm prior to his move into M&A insurance underwriting.
The global transactional risk platform will be focused on meeting the needs of broker partners and clients who require a global presence and operating footprint to support their global M&A transactions. The platform will operate globally with one leadership team led by Edward Markovich, executive vice president, Chubb Transactional Risk, and will utilise a coordinated and consistent strategy and approach to underwriting.
"Chubb is positioned to support our broker partners and clients with transactional risk solutions in jurisdictions across the world with our new international business lead," said Markovich. "Josh's deep understanding of transactional risk underwriting, and leadership experience sourcing and leading M&A insurance placements will complement our goal to grow our transactional risk practice as a global platform."
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