Marsh, the world’s leading insurance broker and risk advisor, has launched Nimbus, a new insurance facility tailored for large-scale data centre construction projects across the UK and Europe.
The facility provides up to €1bn in construction all-risks cover and €350m for delay in start-up, combining multiple protections into one streamlined product.
Backed by a panel of Lloyd’s and company market insurers, Nimbus is designed to meet growing demand for efficient, high-capacity data infrastructure.
This launch follows Marsh’s introduction of its Data Centre Insurance and Risk Management Services, supporting operators throughout the entire project lifecycle.
Marsh UK CEO, Construction, Infrastructure & Surety, Kelly Looney, said, “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.”
Source: https://fintech.global/
