HAMILTON, BERMUDA (May 3, 2016) – Chubb Bermuda and Aon Bermuda Ltd today announced the launch of a management liability collaboration.
Under the arrangement, eligible insureds will be able to access Chubb Bermuda’s suite of excess management liability products through Aon’s Bermuda operations. These will encompass a variety of financial and professional risk classes across a wide range of industries and offer up to $50 million of Chubb Bermuda capacity per risk. Accounts will be underwritten by Chubb Bermuda using proprietary excess follow-form policies designed by Aon.
Highlights include:
“We are delighted to engage in this important initiative with Aon and our mutual clients,” said Joseph Clabby, Division President of Chubb Bermuda. “At a time of increasing uncertainty and potential dislocation within some insurance sectors, this affords our customers access to one of the strongest insurer balance sheets coupled with our proven expertise in a broad range of management liability products.”
Joe Rego, CEO and President of Aon Bermuda Ltd added, “We view this as further evidence of creating value and innovation on behalf of our clients. In conjunction with Chubb Bermuda, we are facilitating an extremely efficient mechanism for companies to harness a substantial block of single-stop management liability capacity, utilizing Aon’s excess broad-form offerings.”
The information contained herein is intended for general marketing purposes only; see actual policy for terms and conditions.
About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.
Chubb’s insurance operations in Bermuda offer insurance products and services through Bermuda and non-US based intermediaries. Chubb Bermuda is not licensed in the U.S. as an admitted insurer nor is it an eligible excess and surplus lines insurer. Although now branded Chubb, insurance coverages in Bermuda continue to be underwritten by ACE Bermuda Insurance Ltd. which is regulated by the Bermuda Monetary Authority.
About Aon
Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and
reinsurance brokerage, and human resources solutions and outsourcing services. Through its more
than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via
innovative risk and people solutions. For further information on our capabilities and to learn how we
empower results for clients, please visit: http://aon.mediaroom.com.
Media Contact:
Chubb Media Contact
Amy Shillingford: 441 299 9365; amy.shillingford@chubb.com
Aon Media Contacts
Cybil Rose: +1.312.755.3537; Cybil.Rose@kemperlesnik.com
Will Dunn: +44 (0) 2074133129 Will.Dunn@hkstrategies.com