Marsh launches €1bn insurance facility for data centre construction projects

Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has launched Nimbus, its new insurance facility providing clients with comprehensive cover for the construction of large-scale data centres across the UK and Europe.

Nimbus, supported by a panel of insurers from Lloyd’s and company markets in London and Europe, reportedly provides up to €1 billion in construction all-risks coverage and up to €350 million in additional cover for delay in start-up

Marsh explained that the facility combines traditional construction all-risks, delay in start-up, property damage and business interruption cover.

The new facility follows the launch of the firm’s Data Centre Insurance and Risk Management Services, which addresses the challenges faced by data centre operators and related sectors and provides risk management and insurance solutions for clients globally throughout the lifecycle of data centre operations.

Kelly Looney, UK CEO, Construction, Infrastructure & Surety, Marsh Specialty, commented, “Data centres are fast becoming the fourth utility and are the engine rooms of the global economy.

“Given the crucial role they now play in telecommunications, computer systems, and data storage, it is essential that their construction is completed on time and on budget.

“Marsh is committed to enabling the technology sector to meet growing demand for data centre infrastructure; Nimbus provides clients with project-specific coverage via a streamlined process that expedites the delivery of data centre construction projects and ensures a seamless transition to operational readiness.”

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