Click here for a PDF version of ABI Excess Liability information sheet.

ACE is a leading underwriter of liability risks on a worldwide basis. Policyholders consist of a diverse group of manufacturers, service providers, public utilities, wholesale and retail trade, transportation, finance, insurance and real estate companies.

There are currently two main forms:

1. Occurrence First Reported Form

ACE Bermuda International provides catastrophe excess liability insurance with limits of up to US$150 million on a broad occurrence first-reported form. This is the core product offered to all industry classes.

Coverage Highlights

• Broad insured definition
• Broad Pollution coverage
  • 7 day knowledge / 40 day reporting feature
  • Blended pollution coverage optional with 20/80 knowledge / reporting feature
• Broad integrated occurrence coverage
  • Unique feature that allows multiple losses with a common cause to be aggregated together to erode the attachment point and limits (subject to maintenance retention to eliminate expected losses)
• Optional Reinstatement of aggregate limits
• Affirmative Punitive damages
• Professional errors and omissions for bodily injury liability
• Industrial aid aircraft and aviation fuel
• Workers compensation/employers liability
• Broad personal injury definition (including discrimination)
• Watercraft, as scheduled
• Secondary non-automotive products recall
• Discovery coverage at pre-agreed scheduled pricing

Limits/Attachments

• US$150 million in respect of a single event
• Maximum US$100 million in respect of an integrated occurrence
• Available in increments of US$10 million
• Full limit available for joint ventures (no partner or industry limitations)
• US$100 million minimum attachment for US risks
• US$50 million minimum attachment for non-US risks
• Ability to offer aggregate drop down

2. Occurrence Follow Form

ACE Bermuda International provides Occurrence Follow Form capacity to selected Industry classes only.

Eligible Industry Classes

Usually these will have limited product latency exposure such as Light Manufacturing, Finance, Real Estate, Insurance, Retail, Wholesale, Transportation, Utilities and Services.

Occurrence Follow Form Policy