Marsh McLennan has introduced Nimbus, a specialized insurance business designed to back the construction of large data centers throughout the UK and Europe. The new policy is underwritten by Lloyd’s markets in London and Europe, providing extensive coverage tailored to this rapidly expanding sector.
Comprehensive Coverage for Construction Risks
Nimbus offers robust insurance protection, including:
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All risks related to construction
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Construction delays
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Property damage
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Business interruption
Coverage limits include up to €1 billion for all risks during construction and up to €350 million for construction delay-related losses. This comprehensive protection is aimed at reducing risks faced by developers and technology providers.
Rising Demand Fuels Data Center Development
The launch of Nimbus coincides with increasing data center development across Europe. The surge in demand for digital infrastructure is driven by advances in cloud computing, artificial intelligence, and other data-intensive services. While traditional data center hubs like London, Frankfurt, Amsterdam, and Dublin continue to grow, constraints on land and energy are fueling expansion into secondary cities such as Milan, Madrid, Warsaw, and Stockholm.
Industry forecasts anticipate that Europe will add more than 900MW of new data center capacity by 2025. This growth is largely driven by hyperscale cloud providers and enterprises working to meet rising data processing and storage needs.
Importance of Timely Delivery and Risk Management
Marsh emphasizes that data centers play a critical role in today’s economy by supporting telecommunications, computing, and data storage infrastructure. Timely project delivery and budget control are vital concerns for technology providers and infrastructure developers.
Nimbus aims to offer a streamlined insurance solution, providing clients with project-specific coverage from highly rated insurers. This approach helps manage construction risks and facilitates a smooth transition from development phases to operational status.
Expanding Data Center Risk Services
Nimbus follows the recent launch of Marsh’s Data Center Insurance and Risk Management service. This broader offering supports data center operators and related industries throughout the facility lifecycle—from initial planning stages to ongoing operations—ensuring comprehensive risk and insurance support.
With Nimbus, Marsh McLennan strengthens its commitment to backing the fast-growing digital infrastructure market in Europe with tailored insurance products designed for the complexities of modern data center projects.
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