Chubb is expanding its reach into the global market with a new transactional risk insurance platform aimed at serving international clients.
The insurer brought on board Josh Cowen (pictured) as senior vice president for international transactional risk as part of the launch. From his base in the UK, Cowen will lead underwriters specializing in warranty and indemnity, tax, and contingent liability insurance products outside North America.
In its announcement, Chubb noted: “Chubb’s existing North America business will be enhanced, with the addition of Cowen in London. 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 (mergers and acquisitions) transactions.”
According to the insurance group, the platform will operate globally with a leadership roster headed by executive vice president for Chubb transactional risk Edward Markovich.
Expressing confidence in the new platform, 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.”
Cowen, who will report to senior vice president of Chubb transactional risk Lance Fraser, brings a wealth of experience to his new role. Before joining Chubb, he was managing partner at Fusion Specialty UK and held M&A underwriting positions at AIG and Aviva. His career also includes time spent as a corporate lawyer at a London law firm.
On LinkedIn, he commented: “Very pleased to be able to announce this now and to get back to the City... Thank you to Lance Fraser and Edward Markovich for your confidence in me – excited to be getting started.”
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