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MX1

Designed to address complex claims across multiple layers, MX1 offers a streamlined approach to claims resolution

Designed to address complex claims across multiple layers, MX1 offers a streamlined approach to claims resolution, consolidating capacity into a single entity to help you minimize operational and cost inefficiencies.

Managing complex claims can be challenging, especially when a claim impacts multiple layers of your insurance program. Such claims often involve several insurers, increasing the risk of miscommunications, coverage disputes, and inefficiencies in claims handling.  

Consolidating coverage for a more efficient claims process

To simplify and improve the management of complex, multilayered claims, the specialists within Marsh’s Excess Casualty Practice developed MX1. This solution represents an evolution of previous Marsh strategies, taking the XSellence follow form solution a step farther to help streamline the resolution of multilayered complex claims. It consolidates various layers of coverage into a single, cohesive block. 

Our enhanced quota share insurance solution includes a built-in agreement for insurer cooperation, with a leading commercial property and casualty market, CNA, who is responsible for managing claims handling and facilitating communication and coordination among participating insurers. Your organization benefits from:

  • A single point of contact: Simplified communication and decision-making by reducing the need for multiple legal counsel across the insurance tower.
  • Cost-effective, efficient claims resolution: Faster communication and reduced friction can lower claims costs and improve predictability of tower pricing, enabling more competitive structures.
  • Mutual alignment among key stakeholders: Insurers, clients, and claims professionals can collaborate more effectively to achieve optimal outcomes. 
  • Continuous innovation: Expanding large quota share capacity blocks can accelerate the underwriting process, enhance claims resolution, and help organizations navigate a litigious environment. 

How our placement process works

1. CNA provides feedback on coverage terms and conditions, including attachment, pricing, and terms.

2. CNA shares a quote with your organization to determine if you will support the offer.

3. Each participating market will underwrite the risk independently.

4. If the participant markets agree to support CNA on the price, structure, terms, and conditions, an independent quote for the coverage is provided by each participant market.

5. Each participant will endorse the quote with the Marsh Quota Share Endorsement, designating CNA as the market responsible for managing claims within this enhanced quota share layer.

CNA can provide coverage of up to $15 million per occurrence as part of the quota share layer, setting the price and terms for this layer. To support the facility, 14 markets are able to provide up to 135MM in quota-share capacity.

Strengthening your excess casualty strategy

Specialists within Marsh’s Excess Casualty Practice can help you design, negotiate, and service complex umbrella excess liability programs. With widely accepted policy forms and coverage enhancements, our global network leverages deep claims experience to help resolve complex claims efficiently and tailor strategies to your organization’s needs.

To learn more about strengthening your approach to excess casualty and simplifying the claims process, fill out the form below to be contacted by a Marsh representative.