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 $1.5 billion in construction all-risks coverage and up to $500 million in additional cover for delay in start-up. Since its launch, Nimbus has been used in projects including data center developments in the UK, France, and the Netherlands.
The expansion comes as demand for data centers 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.
François de Madre, head of Construction, Marsh Canada, said: “Canada’s data center market is expanding exponentially, with a compound annual growth rate of 10% over the past five years, fuelled by hyperscaler investments in AI-ready facilities, increasing adoption of cloud infrastructure, and a strong focus on renewable energy initiatives. As the sector expands, so does the need for comprehensive insurance solutions. Marsh’s Nimbus platform exemplifies our dedication to supporting this growth through innovative, tailored risk management strategies. We are proud to assist Canadian clients in navigating the complexities of data centre development and ensuring their infrastructure remains resilient and secure.”
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.
