Marsh Risk said it has launched launched MLOne, a US lead umbrella casualty facility designed to deliver stronger protection and clearer claims coordination for clients operating in an increasingly litigious environment.
Designed to sit above any primary casualty program, MLOne consolidates up to $30 million of capacity into a single, quota-share lead umbrella block led by Allianz Commercial.
MLOne represents the next evolution of Marsh’s expanding suite of excess casualty facilities that aggregate and coordinate capacity from multiple insurers into a single block of follow-form coverage with a single claims decision maker.
Allianz Commercial will assume claims handling for the entire quota share. MLOne can be combined with Bermuda-based BX1 and US-based MX1 facilities in a single program, further reducing contract inconsistencies and simplifying claims resolution.
“Clients will gain greater coverage certainty and a more efficient placement and claims process—helping to reduce gaps and litigation risk, while improving program stability and balance sheet protection,” said Muffadal Lokhandwala, US excess casualty practice leader, Marsh Risk.
Dan Aronson, US casualty leader, Marsh Risk, added: “MLOne builds on the momentum of our follow-form product family. Together with MX1 and BX1, we’re delivering a consistent, market-tested framework that simplifies excess casualty placement and enhances client outcomes. Our goal is to continue growing this suite of solutions, so clients have predictable, scalable options across their casualty portfolios.”
Topics USA New Markets Casualty
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