Property and casualty insurance coverage firm Chubb has bolstered its worldwide providers with the introduction of its world transactional danger platform.
The brand new observe is designed to ship transactional danger legal responsibility insurance coverage merchandise throughout worldwide markets.
Spearheaded from London by newly appointed senior vice-president of worldwide transactional danger Josh Cowen, the brand new unit goals to cater to the wants of purchasers and dealer companions concerned in world mergers and acquisitions (M&A).
Cowen, an M&A danger insurance coverage skilled with round 15 years of expertise, will lead a crew of underwriters specialising in guarantee and indemnity, tax and contingent legal responsibility merchandise exterior of North America.
In his new position, Cowen, who can be a professional solicitor in England and Wales, will report back to Chubb transactional danger senior vice-president Lance Fraser.
Previous to becoming a member of Chubb, Cowen held senior administration positions in M&A underwriting at insurance coverage manufacturers and practiced company regulation at a London-based regulation agency.
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His experience is anticipated to boost Chubb’s current North American operations, with a deal with assembly the complicated necessities of world M&A transactions.
The brand new platform will function underneath the management of Chubb transactional danger government vice-president Edward Markovich.
Markovich mentioned: “Chubb is positioned to assist our dealer companions and purchasers with transactional danger options in jurisdictions the world over with our new worldwide enterprise lead. Josh’s deep understanding of transactional danger underwriting, and management expertise sourcing and main M&A insurance coverage placements, will complement our objective to develop our transactional danger observe as a world platform.”
In the meantime, Chubb just lately partnered with insurtech firm Cytora to automate claims doc processing, utilising generative AI to enhance insurance coverage workflows.
Moreover, in December 2023, Chubb entered a partnership with cybersecurity expertise supplier NetSPI to bolster cyber danger administration for its prospects by means of NetSPI’s options.
