Marsh launches US lead umbrella casualty facility

Marsh Risk has launched MLOne, a US lead umbrella casualty facility offering up to $30 million in capacity above primary casualty programs.

The facility combines capacity from multiple insurers into a single quota-share block led by Allianz Commercial , which will handle claims for the entire quota share.

MLOne can also be combined with Marsh’s US-based MX1 and Bermuda-based BX1 excess casualty facilities.

“MLOne represents an important step forward for clients seeking clear, dependable umbrella protection. 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.” – Muffadal Lokhandwala, US Excess Casualty Practice Leader, Marsh Risk.