Marsh, a leading global insurance broker and risk advisor, has announced the expansion of his fast track feature, increasing the automatic capacity of up to 10% for customers worldwide.
Effective from March 1, 2025, it will apply in increased capacity property, accident and special risk portfolio – without the need for London placement. Launched in April 2023, the fast track is supported by QBE and Lloyd’s syndicates canopius, arch and bezle. This feature has processed over 15,000 policies globally, expected to exceed $ 1 billion in bound premium in 2025. Fast track ensures that all client placements align with the terms and conditions of the lead underwriter, including claim decisions, while also providing an automatic 2.5% premium discounts.
John Donley, the global head of the placement at Marsh, described the expansion as a major milestone in the development of convenience. “This increase in capacity is a major step for the fast track. Since its launch, it has quickly become a market leading global feature, which is designed to adapt to the changing market conditions and provide excellent value to our customers worldwide, ”he said. “With this additional capacity, our customers can achieve better placement results and navigate today’s developed insurance scenario with more confidence.” The fast track is accessible globally through any marsh office and does not require London placement.
The headquarters headquartered in New York City offer professional services in Marsh McLenn, Risk, Strategy and Human Capital. The company reported a strong financial performance in 2024, with the revenue 8% to $ 24.5 billion and the net income rose to $ 4.1 billion. The fourth quarter revenue rose 9% to $ 6.1 billion. What do you think about this development? Share your insight into the comments below.
