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Marsh Risk launches US lead umbrella casualty facility MLOne
The quota-share block led by Allianz Commercial consolidates up to $30 million of capacity and shifts all claims handling for the entire block to Allianz.
Marsh Risk has launched MLOne, a US lead umbrella casualty facility designed to provide clients stronger coverage and clearer claims coordination in a more litigious environment, according to Insurance Journal.
MLOne is built to sit above a client’s primary casualty program and consolidates up to $30 million of capacity into a single quota-share lead umbrella block led by Allianz Commercial. Marsh said the structure is intended to aggregate and coordinate capacity from multiple insurers into one follow-form coverage block with one claims decision maker.
Allianz Commercial will assume claims handling for the entire quota share, a change Marsh positioned as a way to improve coverage certainty and make placement and claims processing more efficient.
Marsh also said MLOne can be combined with its Bermuda-based BX1 and US-based MX1 facilities within a single program to reduce contract inconsistencies and simplify claims resolution. Marsh executives said the goal is to expand its suite so clients have predictable, scalable options across casualty portfolios.