Business
Chubb, Zurich, National Indemnity Launch Excess Casualty Facility
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 avai
About this update from Zurich Insurance Group Ltd
[{"type":"text","content":"Offering addresses growing insurance challenges for large companies amid claims escalation; provides up to $100 million in claims-made excess casualty coverage.","length":160,"tagName":"p"},{"type":"text","content":"NEW YORK, May 1, 2025 /PRNewswire/ -- 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.","length":651,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Chubb INA Holdings)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Chubb INA Holdings)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":40,"url":"https://media.zenfs.com/en/prnewswire.com/cafe8e4d5512c441ed9c70b1daeb2698"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wrgPIWFdm9pmZfXsPM.xnw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcxO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/cafe8e4d5512c441ed9c70b1daeb2698","width":400,"height":40}},"href":"https://mma.prnewswire.com/media/1636241/CHUBB_Black_RBG_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""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."","length":501,"tagName":"p"},{"type":"text","content":""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...