The facility is backed by a panel of insurers from Lloyd’s and the company markets in London and Europe. It combines construction all-risks, delay in start-up, property damage and business interruption cover. Nimbus offers up to €1 billion in construction all-risks coverage and up to €350 million for delay in start-up.
The launch comes amid growing activity in data centre development across the region. Rising demand for digital infrastructure, driven by cloud computing, artificial intelligence and data-intensive services, has led to increased investment in new facilities. While traditional hubs such as London, Frankfurt, Amsterdam and Dublin continue to see high levels of construction, pressure on land availability and energy access is encouraging the growth of secondary markets, including Milan, Madrid, Warsaw and Stockholm.
Industry forecasts suggest that data centre capacity in Europe will grow significantly over the next year, with more than 900 megawatts of new infrastructure expected to come online in 2025. This expansion reflects growing demand from hyperscale cloud providers and enterprises seeking to meet increasing data processing and storage needs.
According to Marsh, data centres are becoming a critical part of the modern economy due to their central role in supporting telecommunications, computing and data storage. The company said ensuring these facilities are delivered on schedule and within budget is increasingly important for technology providers and infrastructure developers.
Nimbus intends to offer clients 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.
The introduction of Nimbus follows Marsh’s launch of its Data Centre Insurance and Risk Management Services, which provides risk and insurance support for operators and related sectors throughout the lifecycle of data centre operations, from initial planning through to ongoing management.
