Marsh Risk today announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide U.S.-based clients with a streamlined excess casualty insurance solution.

BX1 offers a unified block of $50 million capacity, placement certainty and superior policy terms tailored to meet the complex needs of the challenging U.S. casualty market.

BX1 consolidates capacity from leading Bermuda insurers Ascot, Markel, Ark and Sompo under a single Marsh Bermuda contract. Marsh said this structure helps simplify documentation and claims handling by providing a single claims decision-maker and contact, reducing administrative complexity and claims expenses for clients.

The policy is issued on the proprietary Marsh XSellence excess casualty form delivering follow-form coverage and includes affirmative coverage for punitive damages—a critical insurance protection often excluded or limited in traditional casualty programs. With a minimum attachment point starting as low as $10 million and flexibility to attach at higher levels, BX1 is designed to meet the needs of complex casualty placements across most industries.