Marsh Risk, a business of Marsh, announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide US-based clients with an excess casualty insurance solution offering a unified block of $50 million capacity, placement certainty, and superior policy terms for the challenging U.S. casualty market.
BX1 consolidates capacity from leading Bermuda insurers Ascot, Markel, Ark, and Sompo under a single Marsh Bermuda contract. 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, Marsh said. 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.
CRC Specialty Enhances Exclusive Product Capabilities to Meet Growing Data Center Insurance Demand
Independent wholesaler CRC Group said it exclusive Insurisk platform has enhanced its underwriting capabilities to address the rapidly expanding insurance needs of the global data center sector.
Insurisk has expanded its specialist capacity and underwriting capabilities to support owners, operators, and developers at every stage of the project lifecycle, from construction through ongoing operations.
Through an enhanced Insurisk Data Centers product offering, CRC Specialty brokers can access up to $500 million in total capacity across property, including builders risk, and casualty. This capacity is supported by a diversified capital base that includes traditional carrier markets, multinational reinsurance relationships, and alternative capital sources such as insurance-linked securities.
This expanded capacity is designed to provide increased limits and specialized coverage that enhance overall program resilience. These expanded limits are structured to support large-scale, capital-intensive data center projects, including greenfield developments, expansions, and operational facilities. The enhanced platform addresses evolving risk profiles, including increased power density, complex cooling infrastructure, business interruption exposures, and construction-related challenges.
Legislation that would have waived building permits for jobs valued at up to $7,500 failed to pass the Florida House this year, but the key clause found its way into another bill that is now awaiting the governor’s signature.
“A local government that issues building permits shall exempt an owner of a single-family dwelling or the owner’s contractor from the requirement to obtain a building permit to perform any work valued at less than $7,500 on the owner’s property,” reads House Bill 803.
The House approved the bill last week, a week after the state Senate passed it and just before the non-budgetary legislative session drew to a close.
If the bill becomes law, it should raise concerns for residential property insurance companies because more construction projects are likely to be done by unlicensed firms and work will not be inspected, one longtime roofing contractor said.
