Chubb and Zurich North America, in collaboration with National Indemnity Company, have established a new excess casualty insurance facility targeted at large national and multinational corporations. 

This facility will deliver up to $100m in lead excess casualty insurance capacity on a claims-made basis. 

It will begin underwriting business with immediate effect, with coverage effective from 1 July 2025 in the US. 

The coverage is underwritten by Chubb and Zurich and backed by National Indemnity Company, part of Berkshire Hathaway. 

It features a unified access point through either Chubb or Zurich, offering “consistency” in coverage terms, and “expert ” claims management, the insurers said in a statement. 

Chubb president and chief operating officer John Keogh stated: “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.” 

Zurich North America CEO Kristof Terryn said: “This facility creates a sustainable answer to the litigation environment, whose volatility has continued to frustrate our customers, while helping to stabilise 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.” 

This follows Chubb’s introduction of casualty and cyber protection for life sciences companies across Asia-Pacific.