Chubb launches global transactional risk insurance platform led by new senior vice president Josh Cowen
Chubb, a leading global insurance entity, has made a strategic move to enhance its position in the transactional risk insurance market by launching a comprehensive global platform. This initiative is designed to extend transactional risk liability insurance products across international markets, marking a significant expansion of Chubb’s services. To spearhead this endeavor, Chubb has appointed Josh Cowen as Senior Vice President, International Transactional Risk. Cowen, stationed in London, brings a wealth of experience and expertise in mergers and acquisitions (M&A) risk insurance to the role.
The newly established global transactional risk platform by Chubb is aimed at catering to the complex needs of broker partners and clients engaged in global M&A activities. This platform promises to provide a seamless and consistent approach to underwriting across jurisdictions outside North America, enhancing Chubb’s existing capabilities in the region. Under the leadership of Edward Markovich, Executive Vice President of Chubb Transactional Risk, the platform is poised to operate globally with a unified leadership team.
Josh Cowen’s appointment is a critical component of Chubb’s strategy to expand its transactional risk insurance offerings globally. “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. Cowen’s depth of understanding in transactional risk underwriting and his leadership in sourcing and leading M&A insurance placements are expected to greatly contribute to the growth of Chubb’s transactional risk practice.
Cowen joins Chubb with an impressive background, having nearly 15 years of experience in transaction risk. His previous roles include senior management positions overseeing M&A underwriting at several prominent insurance companies. A qualified solicitor for England and Wales, Cowen’s legal expertise and his tenure as a corporate lawyer for a leading London-based law firm before transitioning into M&A insurance underwriting, provide a solid foundation for his new role at Chubb.
This strategic initiative signifies Chubb’s commitment to meeting the evolving needs of its clients and broker partners involved in international M&A transactions. By leveraging its global presence and operational footprint, Chubb aims to support global transactions with comprehensive, tailored risk management solutions. The global transactional risk platform represents a significant advancement in Chubb’s offerings, setting a new benchmark for transactional risk insurance on a worldwide scale.