Marsh grows Fast Track capacity to 10%, eyes $1 billion total bound premium in 2025

By Rebecca Delaney

Feb 20 - (The Insurer) - Marsh has expanded its follow-form Fast Track facility to offer up to 10% automatic capacity across clients' entire P&C portfolios and specialty risks.

The expansion is effective from March 1, 2025.

Launched in April 2023, the global facility does not require London placement. It provides additional follow-form capacity globally across all major lines of business (excluding motor and nuclear).

The capacity panel is led by QBE, with participation from Canopius, Arch and Beazley via their Lloyd's syndicates.

Marsh has reported that Fast Track has facilitated more than 15,000 policies globally since its launch, with bound premium projected to pass the $1 billion mark in 2025.