Marsh, the world’s leading insurance broker and risk advisor, has announced a major expansion of its Fast Track facility, adding significant new capacity.
The expansion, effective from 1 March 2025, will allow clients to access up to 10% automatic capacity across their entire property and casualty portfolios, including specialty risks.
This makes Fast Track the only major broker facility of its kind that does not require London placement and is directly accessible through any Marsh office worldwide.
Marsh launched Fast Track in April 2023 as an innovative solution to streamline global insurance placements. Since its launch, the facility has facilitated over 15,000 policies worldwide, with bound premiums expected to surpass the $1bn mark in 2025.
Fast Track is led by QBE and supported by Lloyd’s syndicates Canopius, Arch, and Beazley. Its unique ‘follow form’ structure ensures that all client placements adhere to the same terms and conditions as the lead underwriter, including claims decisions. Clients also benefit from an automatic 2.5% premium discount.
The facility’s growth marks a significant development in the insurance market, allowing businesses to navigate evolving risks with greater efficiency and flexibility.
Commenting on the expansion, Marsh global head of placement John Donnelly said, “The addition of the new capacity is a significant milestone in Fast Track’s evolution. Since its launch, Fast Track has quickly established itself as a market-leading global facility which is built to sustain dynamic market conditions and deliver exceptional value to our clients around the world. The addition of the new capacity means our clients can achieve more optimal placement outcomes and more confidently navigate today’s evolving insurance landscape.”
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