BERMUDA | March 18, 2026
Marsh Risk, a business of Marsh (NYSE: MRSH) and the world’s leading insurance broker and risk advisor, today announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide US-based clients with a robust and streamlined excess casualty insurance solution. BX1 offers a unified block of $50 million capacity, placement certainty, and superior policy terms tailored to meet the complex needs of the challenging US casualty market.
BX1 consolidates capacity from leading Bermuda insurers Ascot, Markel, Ark, and Sompo under a single Marsh Bermuda contract. This structure helps simplify documentation and claims handling by providing a single claims decision-maker and contact, reducing administrative complexity and claims expenses for clients.
The policy is issued on Marsh’s Risk’s proprietary Xsellence excess casualty form delivering follow-form coverage and includes affirmative coverage for punitive damages—a critical insurance protection often excluded or limited in traditional casualty programs. With a minimum attachment point starting as low as $10 million and flexibility to attach at higher levels, BX1 is designed to meet the needs of complex casualty placements across most industries.
Commenting on the facility, Lindsay Roos, Bermuda CEO, Marsh Risk International Placement: "The US casualty market continues to present significant challenges, with increasing complexity and exposure for clients. BX1 addresses these challenges by offering a large, consolidated block of capacity with placement certainty and streamlined claims handling. This facility provides our clients with clarity, enhanced coverage, and the confidence to navigate a demanding liability environment with greater ease."
Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.
US & Canada Media Relations Leader, Marsh & Guy Carpenter
United States
