Nimbus, which launched in June for the UK and Europe, is backed by a panel of insurers from Lloyd’s and company markets. It combines construction all-risks, delay in start-up, property damage, and business interruption cover.
The facility provides up to $1.6 billion in construction all-risks coverage and up to $500 million in additional cover for delay in start-up. in additional cover for delay in start-up. Since its launch, Nimbus has been used in projects including data centre developments in the UK, France, and the Netherlands.
The expansion comes as demand for data centres continues to grow, driven by increasing cloud adoption, investment in artificial intelligence, and the need for secure storage and processing capacity. Rising power requirements, land availability, and sustainability considerations are also influencing the sector, creating demand for risk transfer solutions that address both financial exposures and operational resilience.
Maarten Van Haaps, head of Construction, Pacific, Marsh, said: “Australia’s data center industry has seen a robust 14% compound annual growth rate over the past five years, driven by rising demand for cloud services and digital innovation. Additionally, the country's AI market revenue is projected to double within the next five years. This expansion underscores the need for proactive risk management and specialized insurance solutions. Marsh’s Nimbus data center offering is designed to address these needs, providing clients with cutting-edge support and enhanced resilience. We are excited to partner with local developers to facilitate sustainable growth and secure the future of Australia’s digital infrastructure."
For insurers, facilities like Nimbus allow multiple carriers to pool capacity to support projects that would otherwise exceed individual risk appetites.
By spreading exposures across several participants, insurers can engage in large-scale infrastructure projects while managing capital requirements. The facility structure also streamlines placements, giving insurers a more efficient route to access risks that are often complex and global in nature.
New appointment
Marsh also appointed Kate Fairhead as UK Data and Digital Infrastructure leader for Construction, Marsh Specialty.
Fairhead, who joined Marsh in 2015 through the Marsh Graduate program within the Construction business, is based in London and leads a team focused on insurance placements for clients in the data centre sector. She has supported a range of large-scale construction projects across Europe and has experience in advising clients on risks related to financing, operational disruption, and regulatory compliance.
In her new role, she will oversee the development of insurance strategies for companies investing in digital and energy infrastructure, working closely with both developers and insurers.
