FM, a commercial property insurer, has announced a major increase in capacity to support its global FM Intellium clients and the data and power generation sectors, providing unmatched coverage limits and risk management expertise.
Building on nearly 200 years of engineering experience and partnerships with businesses worldwide, FM can now offer up to $US5 billion in capacity for this rapidly growing industry. These enhanced limits, the largest currently available to data centres, enable FM to deliver extraordinary support to its clients.
FM Intellium, launched last year, helps businesses take advantage of technological innovation while managing the associated risks, from artificial intelligence and cloud computing to the energy demands that power these systems.
Christopher Dempsey was appointed Senior Vice President of FM Intellium in October, overseeing the unit’s work to support both existing and prospective data centre clients. FM has more than 25 years of experience providing insurance for data centres and currently covers around 1,100 facilities, with a total insurable value of US$250 billion.
“For almost two centuries, FM has partnered with clients in growing industries to help them navigate emerging risks and prevent losses before they happen,” commented Malcolm Roberts, Chairman and Chief Executive Officer of FM. “Through our unique engineering- and research-led approach to protecting our clients—combined with our innovative solutions and substantial capacity—FM is again leading the way by supporting the data center industry as it grows.”
“We are proud to bring this significant increase in capacity to support our data centre clients,” added Dempsey. “We believe demand for digital infrastructure will only increase as AI and cloud computing continue to grow, and insurers must keep pace to ensure this critical industry remains resilient and operational for the communities and businesses it serves.”
