Prnewswire·2025-05-01 20:10Core Insights - Chubb, Zurich North America, and National Indemnity have launched a new excess casualty facility offering up to $100 million in claims-made excess casualty insurance for large companies, addressing the increasing challenges in the insurance landscape [1][2] Group 1: Industry Context - The litigation environment for large companies in the U.S. is becoming increasingly hostile, necessitating innovative insurance solutions to protect against legal challenges [2] - Businesses are experiencing a decrease in available insurance capacity and rising coverage costs, highlighting the need for sustainable insurance solutions [2] Group 2: Company Collaboration - The collaboration between Chubb, Zurich North America, and National Indemnity aims to leverage their combined expertise and financial strength to provide effective solutions for clients facing a volatile litigation environment [2] - The initiative is designed to streamline insurance acquisition and administration, enhancing efficiency for customers, brokers, and agents [6] Group 3: Key Benefits of the New Facility - The new facility offers a single access point through either Chubb or Zurich, providing administrative and cost efficiencies [6] - It ensures consistency in coverage terms and proactive claims handling, which are critical for clients navigating complex insurance needs [6] Group 4: Company Profiles - Chubb operates in 54 countries, providing a wide range of insurance products and services, and is recognized for its financial strength and extensive distribution capabilities [4] - Zurich North America is a major provider of insurance solutions, serving diverse industries and focusing on transforming insurance through prevention services [5] - National Indemnity Company, a leading reinsurer, boasts a statutory surplus of $240 billion as of year-end 2024, underscoring its strong capital position in the insurance market [8]