Global insurer Chubb has announced the launch of International Transactional Risk, a global platform that aims to provide transactional risk liability insurance products across international markets.
Josh Cowen, a seasoned mergers and acquisition (M&A) risk insurance professional, will be heading this initiative as Senior Vice President, International Transactional Risk.
Based in London, he 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.
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 explained.
Markovich stated: “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.”
As SVP, International Transactional Risk, Cowen will report to Lance Fraser, Senior Vice President, Chubb Transactional Risk.
Cowen joins Chubb with nearly 15 years of transaction risk experience, having previously held senior management roles overseeing M&A underwriting at several marquee insurance brands.
The executive is a qualified solicitor for England and Wales and practised as a corporate lawyer for a leading London-based law firm prior to his move into M&A insurance underwriting.
