Chubb expands transactional risk team

U.S. companies spent $142B buying 252 businesses from private equity investors last year

Chubb is expanding its transactional risk leadership team to help facilitate M&A activity.

“Strategic buyers are increasingly acquiring businesses from private equity firms,” executive vice-president of financial lines Steven Goldman said in a  release.

He pointed out American companies bought 252 businesses from private equity investors last year, spending a record $142 billion.

“The demand for transactional risk products continues to rise as deal participants increasingly recognize that these coverages offer the high degree of sophistication and flexibility that complex transactions require.”

Edward Markovich and Randy Hein, both senior vice-presidents based in New York, will manage underwriting, growth and profitability in North America. They will report to Goldman.

Richard Britain, a London-based vice-president, will be responsible for underwriting, growth and profitability in Asia and Europe. He will report to executive vice-president of financial lines Tim O’Donnell.

Chubb offers representations and warranties insurance, tax indemnity insurance and contingent liability insurance, all with maximum limits of $50 million.



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