Marsh launches $1 billion Nimbus facility for UK and Europe data centers

Marsh has launched Nimbus, a new insurance facility offering up to €1 billion in construction all-risks coverage and €350 million for delay in start-up, tailored for large-scale data center projects in the UK and Europe. Backed by insurers from Lloyd’s and other markets, Nimbus combines construction, property, and business interruption coverage.

The launch follows Marsh’s introduction of its Data Centre Insurance and Risk Management Services last month.

“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.” – Kelly Looney, UK CEO, Construction, Infrastructure & Surety, Marsh Specialty.