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 $1.7 billion in construction all-risks coverage and up to $620 million 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.
Marteen Van Haps, head of Construction, Pacific, said: “New Zealand’s data center sector is growing steadily, with a 9% compound annual growth rate over the last five years, reflecting the nation’s increasing reliance on digital technology. As the market continues to expand, the importance of innovative insurance solutions to effectively manage emerging risks becomes even more critical. Marsh’s Nimbus platform is tailored to support this growth, offering advanced risk mitigation strategies aligned with local market conditions. We remain committed to helping New Zealand’s data infrastructure evolve securely and sustainably in this dynamic environment."
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.
