Chubb Strengthens Transactional Risk Leadership Team
Insurer Responds to Increasing Demand for Insurance Coverage to Help Facilitate M&A Deals PHILADELPHIA, March 17, 2016 /PRNewswire/ -- Chubb today announced that it is strengthening its transactional risk leadership team in response to increasing demand for risk protection to help facilitate merger and acquisition (M&A) activity and other transactional deals throughout North America and abroad. "Strategic buyers are increasingly acquiring businesses from private equity firms; U.S. companies reportedly spent a record $142 billion to buy 252 businesses from private equity investors in 2015 alone," said Steven Goldman, Executive Vice President, Financial Lines. "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. To meet the increasing demand for this coverage, we are growing our team, and plan to add several additional M&A attorneys with significant experience in this area to our high-caliber staff." The following individuals will lead this initiative for Chubb, working with a team of colleagues worldwide who have deep industry knowledge and expertise in the transactional space:
"Ed, Randy and Richard have extensive experience in both the insurance and financial services sectors, providing a deep understanding of how transactional risk coverage can help deal principals and their advisors resolve difficult negotiations and execute upon the deal," said Mr. Goldman. Transactional risk products enable parties to efficiently transfer certain deal-related risks, strategically enhancing a party's position in competitive auctions and bridging gaps in transactions that might not otherwise close. Chubb's transactional risk product line is comprised of three key offerings, each with maximum limits of $50 million:
Transactional risk products are offered within Chubb's Financial Lines group, through a specialized unit focused on the unique and complex challenges that organizations face in today's ever-changing economic environment. This includes dealmakers such as strategic buyers and sellers, private equity sponsors and business owners and their respective advisors and managers. Product highlights are summaries only; please see the actual policy for terms and conditions. Product offerings may vary by location. About Chubb Logo - http://photos.prnewswire.com/prnh/20160121/324916LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chubb-strengthens-transactional-risk-leadership-team-300237718.html SOURCE Chubb |
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