Chubb, Zurich, National Indemnity Launch Excess Casualty Facility
Chubb, Zurich North America, and National Indemnity have launched a groundbreaking excess casualty facility offering up to $100 million in claims-made excess casualty coverage for large companies. The facility, effective July 1, 2025, represents a unique collaboration between three major insurers to address the increasingly hostile litigation environment facing large corporations. The solution provides excess umbrella liability coverage underwritten by Chubb and Zurich, with National Indemnity Company serving as lead reinsurer.
Key benefits include streamlined insurance acquisition through a single access point, administrative efficiencies, consistent coverage terms, and expert claims handling. This initiative aims to stabilize capacity in the excess casualty market while providing sustainable protection against legal challenges.
Chubb, Zurich North America e National Indemnity hanno lanciato una struttura innovativa di copertura in eccesso per responsabilità civile, offrendo fino a 100 milioni di dollari di copertura claims-made per grandi aziende. La struttura, attiva dal 1° luglio 2025, rappresenta una collaborazione unica tra tre importanti assicuratori per affrontare l’ambiente legale sempre più ostile che coinvolge le grandi imprese. La soluzione prevede una copertura eccessiva umbrella sotto la gestione di Chubb e Zurich, con National Indemnity Company come riassicuratore principale.
I principali vantaggi includono l’acquisizione semplificata dell’assicurazione tramite un unico punto di accesso, efficienze amministrative, termini di copertura coerenti e una gestione esperta dei sinistri. Questa iniziativa mira a stabilizzare la capacità nel mercato delle coperture in eccesso per responsabilità civile, offrendo una protezione sostenibile contro le sfide legali.
Chubb, Zurich North America y National Indemnity han lanzado una innovadora instalación de cobertura de responsabilidad civil en exceso que ofrece hasta 100 millones de dólares en cobertura de responsabilidad civil claims-made para grandes empresas. La instalación, vigente a partir del 1 de julio de 2025, representa una colaboración única entre tres grandes aseguradoras para enfrentar el entorno litigioso cada vez más adverso que enfrentan las grandes corporaciones. La solución proporciona cobertura de responsabilidad civil umbrella en exceso suscrita por Chubb y Zurich, con National Indemnity Company como reasegurador principal.
Los beneficios clave incluyen la adquisición simplificada del seguro a través de un único punto de acceso, eficiencias administrativas, términos de cobertura consistentes y manejo experto de reclamos. Esta iniciativa busca estabilizar la capacidad en el mercado de responsabilidad civil en exceso, proporcionando protección sostenible frente a desafíos legales.
Chubb, Zurich North America, 그리고 National Indemnity가 대기업을 위한 최대 1억 달러 한도의 클레임 메이드 초과 배상책임 보험을 제공하는 혁신적인 초과 배상책임 시설을 출시했습니다. 이 시설은 2025년 7월 1일부터 시행되며, 대기업이 직면한 점점 더 어려워지는 소송 환경에 대응하기 위해 세 개의 주요 보험사가 협력한 독특한 사례입니다. 이 솔루션은 Chubb와 Zurich가 인수하는 초과 우산 책임 보험을 제공하며, National Indemnity Company가 주도 재보험사 역할을 합니다.
주요 이점으로는 단일 접점에서의 간소화된 보험 취득, 행정 효율성, 일관된 보장 조건, 전문적인 클레임 처리 등이 있습니다. 이 이니셔티브는 초과 배상책임 시장의 용량을 안정화하고 법적 도전에 대한 지속 가능한 보호를 제공하는 것을 목표로 합니다.
Chubb, Zurich North America et National Indemnity ont lancé une solution innovante de couverture excédentaire en responsabilité civile, offrant jusqu'à 100 millions de dollars de couverture claims-made pour les grandes entreprises. Cette solution, effective à partir du 1er juillet 2025, représente une collaboration unique entre trois grands assureurs pour faire face à un environnement judiciaire de plus en plus hostile aux grandes entreprises. Elle propose une couverture responsabilité civile excédentaire souscrite par Chubb et Zurich, avec National Indemnity Company en tant que réassureur principal.
Les principaux avantages incluent une acquisition d'assurance simplifiée via un point d'accès unique, des gains d'efficacité administrative, des conditions de couverture cohérentes et une gestion experte des sinistres. Cette initiative vise à stabiliser la capacité sur le marché de la responsabilité civile excédentaire tout en offrant une protection durable contre les défis juridiques.
Chubb, Zurich North America und National Indemnity haben eine bahnbrechende Excess-Casualty-Versicherungslösung eingeführt, die bis zu 100 Millionen US-Dollar an Claims-Made-Excess-Casualty-Deckung für große Unternehmen bietet. Die Einrichtung, wirksam ab dem 1. Juli 2025, stellt eine einzigartige Zusammenarbeit dreier großer Versicherer dar, um dem zunehmend schwierigen Rechtsumfeld für Großunternehmen zu begegnen. Die Lösung bietet eine Excess-Umbrella-Haftpflichtdeckung, die von Chubb und Zurich gezeichnet wird, wobei National Indemnity Company als führender Rückversicherer fungiert.
Zu den wichtigsten Vorteilen gehören eine vereinfachte Versicherungserlangung über einen einzigen Zugangspunkt, administrative Effizienz, einheitliche Deckungsbedingungen und fachkundige Schadenbearbeitung. Diese Initiative zielt darauf ab, die Kapazität im Excess-Casualty-Markt zu stabilisieren und nachhaltigen Schutz vor rechtlichen Herausforderungen zu bieten.
- Partnership between three major insurers (Chubb, Zurich, National Indemnity) combines their financial strength and expertise
- Offers substantial coverage capacity of up to $100 million in excess casualty insurance
- Streamlines insurance acquisition process through single access point, reducing administrative costs
- Addresses growing market need amid challenging litigation environment
- Limited to U.S. market only
- Coverage restricted to claims-made basis, which may not suit all clients' needs
Insights
Chubb partners with Zurich and Berkshire Hathaway to solve excess liability insurance shortage for large companies facing rising litigation.
This newly announced excess casualty facility represents a significant strategic partnership between three insurance giants addressing a critical market gap. Chubb, Zurich, and National Indemnity (Berkshire Hathaway's insurer) are combining their underwriting capabilities to offer
The importance of this announcement lies in its timing and structure. Large companies have been struggling with two simultaneous challenges in their excess liability insurance programs: decreasing available capacity and rising coverage costs. Excess casualty insurance provides crucial protection that activates when a company's primary liability limits are exhausted during major lawsuits or catastrophic events.
The facility's \"claims-made\" structure is technically significant, as it covers claims reported during the policy period rather than when incidents occur, providing more predictable exposure for these insurers. This approach likely makes the offering more sustainable given the difficult litigation environment referenced repeatedly in the announcement.
For Chubb specifically, this initiative demonstrates their commitment to the large account marketplace despite challenging conditions. By partnering with equally sophisticated insurers, they're creating a solution that leverages their combined expertise, financial strength, and claims capabilities while distributing the risk. The facility's structure also creates efficiencies through a single access point, consistent coverage terms, and streamlined administration.
While no financial projections are provided, this represents a strategic positioning move in a market segment where capacity has been contracting, potentially allowing Chubb to maintain or grow their large account business starting July 1, 2025, when coverage becomes effective.
Offering addresses growing insurance challenges for large companies amid claims escalation; provides up to
"The litigation environment for large companies in the
"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
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.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.
About Zurich North America
Zurich
About National Indemnity Company
National Indemnity Company has been the leading reinsurer of the Berkshire Hathaway Group of insurance companies for over 50 years and is one of the best capitalized insurance companies in the world. At year-end 2024, National Indemnity Company's statutory surplus was
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SOURCE Chubb
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