PriyaPatel
TLDR:
Chubb has launched a global transactional risk platform to offer insurance products internationally. Josh Cowen has been appointed as the Senior Vice President to lead this initiative. This move aims to cater to the demands of broker partners and clients seeking a worldwide presence for their global M&A transactions.
Key Elements:
- Chubb introduces global transactional risk platform for international markets.
- Josh Cowen appointed as Senior Vice President to spearhead the initiative.
Chubb, a major insurance company, has unveiled a revolutionary global transactional risk platform designed to provide transactional risk liability insurance products across international markets. The company has brought in Josh Cowen as the Senior Vice President, International Transactional Risk, to lead this effort from its base in London. Cowen, who has extensive experience in mergers and acquisitions (M&A) risk insurance, will oversee a team of underwriters focusing on warranty and indemnity, tax, and contingent liability products outside of North America. Before joining Chubb, Cowen held leadership positions in M&A underwriting at various prestigious insurance firms and also practiced as a corporate lawyer for a top law firm based in London. With almost 15 years of transaction risk expertise, he will report directly to Lance Fraser, Senior Vice President of Chubb Transactional Risk.
This move is expected to boost Chubb’s North America operations as the newly established global transactional risk platform aims to meet the needs of broker partners and clients looking for a global presence to facilitate their M&A transactions on a worldwide scale. Led by Edward Markovich, the Executive Vice President of Chubb Transactional Risk, the platform will operate globally with a unified leadership team, employing a cohesive strategy and approach to underwriting. Markovich highlighted the company’s readiness to support broker partners and clients internationally with transactional risk solutions and grow their transactional risk practice as a global platform.
Overall, Chubb’s launch of the global transactional risk platform and appointment of Josh Cowen represent a significant step towards expanding the company’s footprint internationally and catering to the growing demands of the global M&A market.
