New $100M Excess Casualty Facility Chubb, Zurich & Berkshire
[New York, May 5, 2025] – In a significant move for the commercial insurance industry, Chubb, Zurich North America, and Berkshire Hathaway’s National Indemnity Company have teamed up to launch a $100 million excess casualty facility. Available beginning July 1, 2025, the offering provides claims-made insurance and lead umbrella liability protection to large U.S. and multinational companies facing heightened liability risks.
This strategic partnership combines three of the most stable and reputable insurers to offer critical capacity in a market increasingly defined by volatility and escalating claims severity.
Why the Excess Casualty Facility Is Timely
The U.S. casualty insurance market is under intense pressure:
- Nuclear verdicts have jumped 300% since 2020 (Insurance Information Institute)
- Excess casualty insurance rates are up 18% year-over-year
- 72% of Fortune 500 firms face coverage shortfalls in excess layers
“This collaboration brings together three of the strongest balance sheets in insurance to address the market’s structural challenges,” said John Keogh, President and COO of Chubb.
As more corporations face class actions, product liability claims, and reputational risks, this facility answers a growing demand for large account casualty solutions.
Key Features and Advantages
- $100M umbrella insurance limit on a claims-made basis
- Single-point access via Chubb or Zurich underwriting portals
- AAA-rated financial strength from Berkshire Hathaway
- Aligned terms and coordinated claims handling
- Immediate underwriting available for July 1, 2025 start dates
This excess casualty solution delivers efficiency, consistency, and long-term capacity to risk managers navigating increasingly complex environments.
Who Should Consider This Coverage
- High-risk operations (manufacturing, tech, pharma)
- Exposure to frequent or high-stakes litigation
- A need for stable long-term excess coverage
- U.S.-based operations with international risk exposure
Case in Point: A Fortune 500 manufacturer recently secured $75 million in coverage through the facility to manage rising product liability exposures.
Industry Response
Industry experts are already recognizing the facility’s impact. This facility represents the most significant capacity injection in the excess casualty market since 2020,” said Sarah Lowell, Risk Officer at a Fortune 100 company
Early adopters report:
- 20% better coverage terms than standalone excess policies
- Faster claims processing due to coordinated handling
- Greater financial security with AAA-rated backing
Final Thoughts
As liability risks surge and coverage gaps widen, this $100M excess casualty facility offers timely, reliable protection for large enterprises. With streamlined access, coordinated service, and the strength of three industry leaders, it sets a new benchmark for corporate liability protection.
For companies seeking stability in a volatile market, this could be one of the most important insurance innovations of the year.
