Excess Liability

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Excess Liability

ACE Bermuda is one of the world’s leading providers of liability insurance. Our business model focuses on Fortune 1000 companies and underwrites low-frequency high-severity exposures for all industry classes.

ACE Bermuda offers the following coverage:

Occurrence First Reported (Bermuda Market Form)
AEGIS Follow Form
Occurrence Follow Form
Healthcare

1. Occurrence First Reported (Bermuda Market) Form
Our core product is the Occurrence First Reported (Bermuda market) Form, which provides catastrophe excess liability insurance with limits of up to US$150M. Coverage Highlights include:

Broad insured definition
Broad pollution coverage
- 7 day knowledge/40 day reporting feature
- Blended pollution coverage by endorsement 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
London arbitration wording
New York law of interpretation and construction

Limits/Attachments

Maximum US$150M in respect of a single event
Maximum US$100M in respect of an integrated occurrence
Full limit available for joint ventures (no partner or industry limitations)
US$100M minimum attachment point for US risks
US$50M minimum attachment point for non-US risks
Ability to offer aggregate drop down to US$25M

2. AEGIS Follow Form Policy
ACE Bermuda offers follow form excess liability claims first made coverage of the AEGIS policy:

Maximum limit US$150M
Minimum attachment US$85M per occurrence
Ability to drop-down coverage to US$35M
No aggregate caps for portfolio with respect to terrorism and pollution
Affirmative punitive damages cover
Joint Venture language follows AEGIS
30/90 time element pollution
No RSI (repetitive strain injury) exclusion
Additional coverage enhancements available
Designated Services cover available for regional transmission organizations and independent system operators (RTOs/ISOs)
London arbitration
New York law of Construction and Interpretation

3. Occurrence Follow Form Policy

Occurrence follow form coverage is offered to industry classes with little-to-no latency exposure

Maximum limit US$100M
Minimum attachment point US$100M or top of the program whichever is greater
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

4. Healthcare
ACE Bermuda offers broad liability coverage to Healthcare clients.

Policy Forms

Occurrence Reported Policy Form
Follow Form of approved Claims Made Forms
ACE placements can be facilitated as reinsurance of approved captives

Scope of Cover

Hospital Professional Liability
General Liability
Automobile Liability
Employer’s Liability
Watercraft
Owned/Non-Owned Aircraft liability

Limits/Attachment

Up to $150M on Occurrence Reported Policy Form
Up to $100M on Follow Form Claims Made Form
$75M minimum attachment point

ACE Bermuda Offers

Financial strength clients expect from a long-term partner
Commitment to a high level of service to clients and brokers, including issuance of policies at inception
Commitment to superior claims handling
Over 20 years of underwriting experience
Proven record of long-term relationships

Further Information
Please contact your broker to find out more. If you are a US-based company, broker or agent please note that ACE Bermuda’s insurance products are only available through non US-based brokers.