Marsh, a global insurance broker and risk advisor, has announced an expansion of its Fast Track facility, increasing automatic capacity to 10% for clients worldwide. Effective from March 1 2025, the enhanced capacity will apply across property, casualty, and specialty risk portfolios without requiring London placement.
Fast Track, launched in April 2023, is supported by QBE and Lloyd’s syndicates Canopius, Arch, and Beazley. The facility has processed more than 15,000 policies globally, and bound premium is projected to exceed US$1 billion in 2025, a news release noted. The structure of Fast Track aims to ensure that all client placements adhere to the same terms and conditions as the lead underwriter, including claims decisions. Additionally, clients benefit from an automatic 2.5% premium discount.
John Donnelly, global head of placement at Marsh, described the expansion as a key milestone for the facility. “The addition of the new capacity is a significant milestone in Fast Track’s evolution. Since its launch, Fast Track has quickly established itself as a market-leading global facility which is built to sustain dynamic market conditions and deliver exceptional value to our clients around the world,” he said. “The addition of the new capacity means our clients can achieve more optimal placement outcomes and more confidently navigate today’s evolving insurance landscape.”
Fast Track is available through any Marsh office worldwide and does not require placement in London, the company noted.
Headquartered in New York City, Marsh McLennan offers professional services in the areas of risk, strategy, and people. The firm reported strong financial results for 2024, with revenue rising 8% to US$24.5 billion and net income reaching US$4.1 billion. Q4 revenue grew 9% to US$6.1 billion.
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