Marsh Risk, a business of broker Marsh, announced the launch of Nimbus Casualty, a new insurance facility providing clients with excess general liability pr
otection during the construction phase of US-based digital infrastructure projects.
The facility offers up to $75 million in capacity, with a minimum attachment point of $
25 million, and is supported by a panel of Lloyd’s and London insurers. Leveraging Marsh Risk’s proprietary XSellence excess casualty form, Nimbus Casu
alty delivers follow-form coverage across a client’s excess casualty program, enhancing coverage certainty and streamlining claims negotiation.
The launch of Nimbus Casualty follows the recent expansion of Marsh Risk’s market-leading large-scale data center construction insurance facility
Nimbus, which offers up to $2.7 billion in limits of traditional construction all-risks, delay in start-up, property damage, and business interruption cover.
“The U.S. casualty market presents increasing complexity and challenges, especially for digital infrastructure clients managing large-scale, high-value
projects with long-term liability exposures,” said Paul Woodward, head of casualty, Marsh Risk international placement. “With Nimbus Casualty, we combine Mars
h Risk’s market-leading construction expertise with our market-leading excess casualty form to provide clients with the advice and coverage certainty they need to efficiently safeguard their digital infrastructure investments.”
Retailers Casualty Insurance, with offices in Michigan and writing workers’ compensation c
overage around the South, has joined a growing list of carriers offering dividends or rebates to safe employers.
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The company’s board of directors voted recently to declare a $1 million distribution for policies effective in 2024. The payout will be based on employers’
t level for the year. The maximum rebate will be about 8.1% of premium and the average is about $550, said Chris Neyrey, a vice president for Retailers’ managing general agent.
Dividend plans appear to be growing in popularity for workers’ comp insurers, according to Levitt Group and others in the industry, and are often done in comb
ination with premium discounts for businesses that maintain a strong safety record. Retailers has provided more than $18 million in dividends since 1995, Neyrey said.
Retailers is managed by Summit Consulting, an MGA based in Lakeland, Florida, and part of Great American Insurance Group.
Neyrey in February was named vice president for Summit’s southwest region, based in Baton Rouge, Louisiana. He joined Summit in 2006 as a regional sales manager.
