Marsh Risk launches Bermuda-based BX1 facility with USD 50 million excess casualty capacity

Reuters
Mar 18
<a href="https://laohu8.com/S/MRSH">Marsh</a> Risk launches Bermuda-based BX1 facility with USD 50 million excess casualty capacity

Marsh Risk, a business of Marsh, launched BX1, a Bermuda-domiciled insurance facility for US-based clients. BX1 provides a unified block of USD 50 million in excess casualty capacity with a minimum attachment point starting as low as USD 10 million. The facility consolidates capacity from Ascot, Markel, Ark, and Sompo under a single Marsh Bermuda contract. The policy is issued on Marsh Risk’s proprietary Xsellence excess casualty form and includes affirmative coverage for punitive damages.

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