Chubb Announces New Excess Casualty Facility

The latest news from Chubb for you;

Chubb, Zurich North America and National Indemnity have announced a new excess casualty facility that can offer up to $100 million in lead excess casualty insurance capacity on a claims-made basis for large national and multinational companies. The facility is unique in the industry and will deliver excess umbrella liability coverage underwritten by Chubb and Zurich and supported by National Indemnity Company, the lead reinsurer of Berkshire Hathaway. This facility coverage solution will be available in the U.S. and will begin underwriting business immediately with coverage effective starting July 1, 2025.

“The litigation environment for large companies in the U.S. is increasingly hostile, and business as usual is not the answer,” said John Keogh, President and Chief Operating Officer of Chubb Group. “This initiative, between three of the largest, most experienced insurers in the large account market, is our effort to bring a new approach in terms of insurance protection and claims capability, that best serves those clients who are more and more often the target of legal abuse.”

“Businesses were facing decreases in available capacity, as well as rising coverage costs,” said Zurich North America CEO Kristof Terryn. “This facility creates a sustainable answer to the litigation environment, whose volatility has continued to frustrate our customers, while helping to stabilize capacity in the excess casualty market. We are pleased to be working with Chubb and Berkshire Hathaway’s National Indemnity to make the most of our combined knowledge, financial strength and staying power to provide such a needed solution for our customers.”

Ajit Jain, Vice Chairman-Insurance Operations of Berkshire Hathaway, said, “We are thrilled to be supporting the efforts of leaders like Chubb and Zurich to deliver solutions for clients in this incredibly challenging market.”

The new excess casualty offering streamlines insurance acquisition and administration for customers, brokers and agents. Other key benefits include:

• A single access point (Chubb or Zurich)
• Administrative and cost efficiencies
• Consistency in coverage terms
• Proactive and expert claims handling

For more information about the new excess casualty facility, please contact:

Lyndsey Christofer, EVP, Chubb Head of North America Casualty for Major Accounts, at lyndsey.christofer@chubb.com.

Bill Chepulis, Head of Large Casualty, Zurich North America, at bill.chepulis@zurichna.com.