Marsh Expands Fast Track Facility with Increased Capacity
Marsh, a leading insurance broker and risk advisor under the umbrella of Marsh McLennan, has announced a significant expansion of its Fast Track facility, enhancing the available capacity for its clients. Starting March 1, 2025, clients will benefit from up to 10% automatic capacity across property, casualty, and specialty risk portfolios.
Accessible worldwide through any Marsh office, Fast Track does not require placement in London, offering a more convenient solution for clients. Originally launched in April 2023, Fast Track is spearheaded by QBE and supported by Lloyd’s syndicates including Canopius, Arch, and Beazley.
Since its inception, the facility has facilitated over 15,000 policies globally, with bound premium expected to surpass $1 billion by 2025. Fast Track’s ‘follow form’ structure ensures that all client placements adhere to the lead underwriter’s terms and conditions, including claims decisions, and provides an automatic 2.5% client premium discount.
John Donnelly, Global Head of Placement at Marsh, commented: “The addition of the new capacity is a significant milestone in Fast Track’s evolution. Since its launch, Fast Track has established itself as a market-leading global facility designed to adapt to dynamic market conditions and deliver exceptional value to our clients worldwide. The additional capacity allows our clients to achieve more optimal placement outcomes and navigate today’s evolving insurance landscape with greater confidence.”
