Marsh Risk launches $50M facility

Marsh Risk named the new Bermuda-domiciled facility BX1 and announced its launch on March 18, 2026. (corporate.marsh.com)) BX1 stitches capacity from Bermuda insurers Ascot, Markel, Ark and Sompo into a single Marsh Bermuda contract rather than multiple standalone placements. (corporate.marsh.com)) The policy is written on Marsh Risk’s proprietary Xsellence excess casualty form and is described as delivering follow‑form excess coverage. (corporate.marsh.com)) BX1 includes affirmative coverage for punitive damages and a minimum attachment point that can start as low as $10 million, with flexibility to attach at higher levels. (corporate.marsh.com)) Marsh says the facility centralizes documentation and assigns a single claims decision‑maker and contact to handle claims and reduce administrative complexity. (corporate.marsh.com)) Lindsay Roos, Bermuda CEO for Marsh Risk International Placement, is quoted in the announcement explaining BX1’s aim to address growing US casualty complexity; Marsh’s corporate profile cites annual revenue of over $27 billion and more than 95,000 colleagues. (corporate.marsh.com))