Marsh, part of Marsh McLennan, has introduced Nimbus, a new insurance facility designed to support the construction of large-scale data centres across the UK and Europe. The facility, backed by a panel of insurers from Lloyd’s and the London and European markets, offers comprehensive coverage including up to €1 billion in construction all-risks insurance and up to €350 million for delay in start-up.
Key Features of Nimbus Insurance Facility
The Nimbus insurance facility combines construction all-risks, delay in start-up, property damage, and business interruption cover, providing comprehensive risk management for data centre developers. This launch comes amid a surge in data centre development across the region, driven by growing demand for digital infrastructure from cloud computing, artificial intelligence, and data-intensive services.
Growing Demand for Data Centres
Industry forecasts indicate that data centre capacity in Europe is expected to grow significantly over the next year, with over 900 megawatts of new infrastructure planned to come online in 2025. While traditional hubs like London, Frankfurt, Amsterdam, and Dublin continue to see significant construction activity, secondary markets such as Milan, Madrid, Warsaw, and Stockholm are also experiencing growth due to pressure on land availability and energy access in primary locations.
Addressing Construction Risks
According to Marsh, data centres have become critical infrastructure for the modern economy, supporting telecommunications, computing, and data storage. Ensuring these facilities are delivered on schedule and within budget is increasingly important for technology providers and infrastructure developers. Nimbus aims to provide clients with streamlined access to project-specific insurance coverage from highly rated carriers, helping to manage construction-related risks and support a smoother transition from development to operations.
Enhanced Risk Management Services
The introduction of Nimbus follows Marsh’s launch of its Data Centre Insurance and Risk Management Services, which provides comprehensive risk and insurance support for data centre operators throughout the lifecycle of their operations, from initial planning through to ongoing management. This comprehensive approach to risk management reflects the growing importance of data centre infrastructure in the digital economy.
