Chubb has introduced a groundbreaking global transactional risk platform aimed at delivering transactional risk liability insurance products across international markets.
The company has enlisted Josh Cowen as Senior Vice President, International Transactional Risk, to spearhead this initiative from its London base.
Cowen, an experienced professional in mergers and acquisitions (M&A) risk insurance, will oversee a team of underwriters specialising in warranty and indemnity, tax, and contingent liability products in regions beyond North America.
Before joining Chubb, Cowen held significant leadership positions overseeing M&A underwriting at several prestigious insurance companies. His diverse background includes practicing as a corporate lawyer for a leading law firm based in London, having qualified as a solicitor for England and Wales.
Equipped with nearly 15 years of transaction risk expertise, he will report directly to Lance Fraser, Senior Vice President of Chubb Transactional Risk.
Through this move, Chubb’s North America operations will receive a boost. The newly established global transactional risk platform aims to cater to the demands of broker partners and clients seeking a worldwide presence to facilitate their global M&A transactions.
Led by Edward Markovich, Executive Vice President of Chubb Transactional Risk, the platform will operate globally under a unified leadership team, employing a cohesive strategy and approach to underwriting.
Speaking on the news, Markovich said, “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. 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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