Marsh Risk, the brokerage and risk advisory firm of Marsh, has launched Nimbus Casualty, a specialized insurance vehicle designed to provide excess general liability protection during the construction phase of digital infrastructure projects across the United States.
Nimbus Casualty is designed to provide developers, owners and operators with significant financial protection, offering capacity up to $75 million with a minimum attachment point of $25 million.
It is backed by a panel of A+ rated Lloyd’s and London insurance companies, ensuring high quality capital for complex projects.
Nimbus Casualty leverages Marsh Risk’s proprietary XSellence excess casualty tables to provide clients’ excess casualty plans with form-compliant coverage, increasing coverage certainty and streamlining claims negotiations.
The launch of Nimbus Casualty follows the recent expansion of Nimbus, Marsh Risk’s large data center construction insurance facility, which offers up to $2.7 billion of traditional full construction, start-up delay, property damage and business interruption coverage limits.
Commenting on the launch, Paul Woodward, head of casualty insurance at Marsh Risk International, said: “The US casualty market is increasingly complex and challenging, particularly for digital infrastructure clients managing large-scale, high-value projects with long-term liability risks.
“With Nimbus Casualty, we are combining Marsh Risk’s market-leading construction expertise with market-leading excess casualty forms to provide clients with the advice and underwriting certainty they need to effectively protect their digital infrastructure investments.”
Mike Mathews, head of global digital infrastructure at Marsh, added: “The Marsh Digital Infrastructure team is committed to driving continuous innovation to enable digital infrastructure owners and operators to meet changing technology and sustainability needs.
“By combining expertise in capital management, construction, energy solutions and risk resilience, we not only help our clients build more efficient and robust facilities, but also ensure their long-term operational success in the rapidly transforming digital economy.”
