Three leading insurers have introduced a new product aimed at large companies facing serious legal and financial pressures. Chubb, Zurich North America, and National Indemnity have launched a new excess casualty coverage facility.
The program provides up to $100 million in lead excess capacity. It starts underwriting immediately, with coverage beginning July 1, 2025. It targets large national and international businesses operating in the United States.
Excess casualty coverage comes at a time when companies face rising litigation costs and reduced insurance capacity. Legal risks continue to grow. As a result, traditional coverage often fails to meet complex demands.
Chubb and Zurich will handle underwriting responsibilities. National Indemnity Company, a Berkshire Hathaway affiliate, will provide additional financial support. Together, the firms aim to deliver stronger protection.
Chubb’s President John Keogh said the legal climate in the U.S. is becoming more aggressive. He emphasized that large companies need smarter insurance solutions. This new initiative offers that kind of modern protection.
Zurich North America CEO Kristof Terryn agreed. He pointed out that businesses are dealing with expensive coverage and shrinking availability. This new program, he said, creates a sustainable solution.
Terryn highlighted the power of combining resources. He believes the alliance with Chubb and National Indemnity strengthens the industry’s ability to serve clients effectively.
Meanwhile, the broader casualty market continues to shift. Insurers are raising rates and reducing how much risk they accept per client. Many companies are also adopting more advanced technology to manage risk.
Excess casualty coverage offered through this facility features a single access point via either Chubb or Zurich. Clients will benefit from shared claims handling and simpler administration.
Excess casualty coverage remains in high demand as businesses navigate today’s volatile legal and financial conditions.
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