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Through risk transfer and consulting, including safety management, we can help you create a culture focused on protecting employees, passengers, and the public, while significantly lowering your total cost of risk.

Global network of more than 70 dedicated rail specialists in risk consulting and insurance brokerage... Market reach to rail underwriters worldwide.

Marsh’s Global Rail Practice comprises industry veterans, including former railway employees, who serve as your trusted specialists. We consult and broker for railway systems in North and South America, Asia, Africa, Australia, Europe, the Middle East, and Pacific regions. 

Marsh covers the entire rail industry sphere of business, including all passenger services, all classes of freight, and all financial and operational stakeholders. Our workable solutions and services help mitigate and transfer risk for industry participants such as:  

  • Passenger railways, including high speed, regional, urban, and commuter.
  • Infrastructure owners and managers, including public agencies sponsoring rail services.
  • Operations and maintenance concessionaires.
  • Long-haul and shortline freight rail operators.
  • Rail logistics, terminal, and switching operators.
  • Rolling stock and product manufacturers.
  • Railcar leasing (lessors and lessees).
  • Professional services companies supplying railway design and management services, equity partners in rail special purpose vehicles (SPVs) and joint ventures (JVs), and construction contractors.
  • Locomotive and railcar repair services.
  • Track and signal maintenance contractors.
  • Industry trade associations.

We work with our clients to develop and implement system planning, work processes, and employee behavior improvement programs to create an underlying “culture of safety” designed to reduce out-of-pocket losses as well as insurance claims. Rail companies, public agencies, and industry organizations rely on Marsh for thought leadership, best practices, and practical solutions to today’s toughest issues.

Issues and Risks

Railway organizations that effectively integrate risk management and risk transfer processes with sfety management systems can often lower their total cost of risk (TCOR) and ultimately improve their financial results. Marsh can help you stay competitive and viable in the growing and changing rail industry, navigating issues and risks that include

  • Regulatory Requirements
    • Systems safety requirements.
    • Transportation of hazardous materials.
    • Statutory minimum coverages.
    • Statutory caps on liability.
    • Workforce training and skills certification.
    • Rolling stock design and tank car specifications
    • Track and signaling standards.
  • Property
    • Collisions and derailments.
    • Equipment and/or infrastructure damage.
    • Natural catastrophes.
    • Business interruption and extra expense/additional cost of working.
    • Terrorism.
  • Liability
    • Third-party bodily injury and property damage.
    • Passenger liability.
    • Contingent liability.
    • Product liability.
    • Site contamination and environmental.
    • Terrorism.
    • Occupational injury, including the US Federal Employers Liability Act.
    • Railroad protective liability.
    • Excess liability.
  • Executive and Financial Risk
    • Directors and officers liability.
    • Fiduciary liability.
    • Employment practices liability.
    • Crime.
  • Cyber Risk
    • Physical asset damage and associated loss of use.
    • Time element expense (including business interruption, extra expense, contingent business interruption, and contingent extra expense) without physical damage, including full systems failure.
    • Loss of or unavailability of IT systems and networks.
    • Corruption, loss, or deletion of data.
    • Data breach that compromises confidential information, including third party or personal data.
    • Espionage resulting in the compromise of intellectual capital and other sensitive information.
    • Extortion demands and other cyber financial losses.
    • Reputational damage.
    • Third party bodily injury and property damage.

  • Integration of passenger and freight operations on shared rail corridors.
  • Owner and contractor controlled insurance programs.
  • Managing retained risks through captives and other financial instruments.
Global Reach and Innovation

The world’s largest insurers and reinsurers support our global focus and growth initiatives, and often look to Marsh to deliver creative commercial solutions for the rail industry. With the experience, expertise, and relationships of our rail professionals, we offer sizeable breadth and depth of strategic options and industry best practices for our clients.

  • Drawing new capital/capacity to railway liability.
  • Developing catastrophic cyber risk transfer solutions.
  • Creating a new state-of-the-art rail property manuscript form.
  • Rail-specific benchmarking.
  • Marsh xSellence excess liability “follow” form for coverage consistency.
  • Catastrophe bonds.
  • Reports and articles on current events and issues affecting rail safety and operations.

Collaborating with specialists from the other Marsh & McLennan Companies, we offer a wide range of management consulting, claims management support, reinsurance, human capital and employee health and benefits services.


As the rail practice of the world’s largest insurance broker, we draw on the strength of our extensive insurance placements and our global network of rail clients to bring relevant benchmarking data to help meet the needs of our clients. Our services include benchmarking for insurance products as well as best practices to reduce your total cost of risk.

Technical, Safety, and Risk Management Consulting Services

Adapting to changing regulations requires an integrated approach to applying technology and investing in resources. With a key understanding of the operating challenges that transit agencies and railways face, we keep abreast of issues and regulations that impact your business. Marsh provides risk management and consulting services, including:

  • Safety management systems program reviews and implementation.
  • Workforce strategies, including train operator safety, behavioral risk improvement, and ergonomics.
  • Insurance program gap analysis.
  • Forensic accounting, claims preparation and claims advocacy.
  • Cyber threat assessment, mitigation, and response.
  • Rail private-public partnerships operations and maintenance (O&M) risk transfer.
  • Crisis management, enterprise risk management, and business resiliency.
  • Natural disaster preparedness and response.
  • Rail construction delay and dispute consulting.
  • Rail asset management consulting and workshop.
  • Property risk consulting and loss prevention.
  • Valuation services.
  • Railway operators’ business interruption chokepoint analyses.