- Insurance
- Reinsurance
- Captives
Chubb Bermuda International offers a suite of high excess products that provide broad coverage and sizable capacity to meet the needs of large UK, European and international clients. Our financial lines and property products are available from operations in London.
Excess Casualty
Coverage Highlights
Our core product is the Occurrence First Reported (Bermuda market) Form, which provides catastrophe excess casualty insurance with limits of up to US$150 million. Coverage highlights include:
- Broad insured definition
- Broad pollution coverage
- Broad integrated occurrence coverage
- Workers compensation/employers liability
- Broad personal injury definition (including discrimination)
- Watercraft, as scheduled
- Affirmative punitive damages
- Secondary non-automotive products recall
- Discovery coverage at pre-agreed scheduled pricing
- Terrorism coverage by endorsement
Chubb Bermuda offers follow form excess casualty claims first made coverage of the AEGIS policy:
- Affirmative punitive damages cover
- Scaled limits for joint venture liability
- 30/90 time element pollution
- Recognition of erosion of underlying limits
- Prior insurance and non-cumulation of insurance wording
- Prior claims/occurrence exclusion
- London arbitration wording
- New York law of Construction and Interpretation
Chubb Bermuda offers affirmative punitive damages cover as a complementary "wrap around" of Chubb North America or Westchester excess casualty policies.
Limits
- Maximum limit US $150 million
Except
- Occurrence Follow Form US $100 million single policy aggregate / US $50 million for multi aggregates
- Healthcare US $150million occurrence reported/US $100million Follow Form
- Punitive Damages Wrap up to US $50 million in aggregated wrap cover.
Attachments
- Minimum attachment US $100 million
Except
- Healthcare US$50 million
- AEGIS Follow Form US$85 million
Target Industry Classes
- Auto and Auto Parts Manufacturing
- Chemical
- Construction
- Consumer Products
- Healthcare
- Industrial manufacturing
- Life Sciences
- Oil and Gas
- Real Estate
- Transportation (Rail / Road)
- Utilities (Energy / Telecommunications)
Chubb in Bermuda is regulated by the Bermuda Monetary Authority. It is not licensed in the U.S. as an admitted insured nor is it an eligible excess and surplus lines insurer. Chubb Bermuda’s insurance products are available through non US-based brokers only.
Resources
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