Chubb, the international insurer and reinsurer with operations in Bermuda, has launched a global transactional risk platform to provide transactional risk liability insurance products across international markets.

The company has appointed Josh Cowen as senior vice-president, International Transactional Risk, to lead this initiative from 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.

Chubb said its existing North America business would be enhanced with the addition of Mr Cowen in London.

It added that the global transactional risk platform would be focused on meeting the needs of broker partners and clients who required 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 co-ordinated and consistent strategy and approach to underwriting.

"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 Mr Markovich.

"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."

Mr Cowen will report to Lance Fraser, senior vice-president Chubb Transactional Risk.

He joins Chubb with nearly 15 years of transaction risk experience.

Previously, the company said, Mr Cowen held senior management roles overseeing M&A underwriting at several marquee insurance brands.