Chubb, Zurich North America and National Indemnity have announced a new excess casualty facility that can offer up to USD 100 million in lead excess casualty insurance capacity on a claims-made basis for large national and multinational companies.

This unique facility will deliver excess umbrella liability coverage underwritten by Chubb and Zurich and supported by National Indemnity Company, the lead reinsurer of Berkshire Hathaway. Chubb noted in its press release, that the facility coverage solution will be available in the U.S. and will begin underwriting business immediately with coverage effective starting July 1, 2025.

"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", commented John Keogh, President and Chief Operating Officer of Chubb Group.

"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", said Zurich North America CEO Kristof Terryn.

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