Insurance and reinsurance broking group Marsh has launched a global Digital Infrastructure Contract Advisory Group, designed to help clients manage and streamline strategic service contracts throughout the lifecycle of their digital infrastructure assets.
The digital infrastructure ecosystem – which includes data centres, fiber and wireless networks, AI/cloud platforms, and their service providers – relies on numerous contracts like service-level agreements and power purchase agreements.
These documents contain specific terms related to insurance and contractual risk transfer. The scale of these operations and the rapid revolution of technology contributes to the complexity of these agreements, making their review and management a time-intensive process.
Improper contract management can delay operations and expose organisations to significant financial, legal, and operational risks.
Composed of former contract attorneys, risk managers, and insurance experts, Marsh’s new Digital Infrastructure Contract Advisory Group is equipped to alleviate this burden, the broker highlights.
The group provides comprehensive support for contract review and negotiation across the acquisition, construction, and operational lifecycle of digital infrastructure assets.
By resolving coverage gaps, aligning contractual language with insurance obligations, and securing insurance coverage against potential claims, the team helps clients unlock capital and safeguard their balance sheets.
Commenting on the new group, Mike Mathews, Global Digital Infrastructure Leader, Marsh, said: “Contract reviews demand deep expertise, careful coordination, and significant time investment, making them a complex and often burdensome process for our digital infrastructure clients, many of whom do not have dedicated risk management teams to support the process.
“Our team of experienced contract specialists alleviates this burden for clients, delivering peace of mind while also enabling them to move at pace. It is the latest example of how Marsh is bringing industry-leading value and solutions to clients investing in this dynamic, rapidly evolving industry.”
Earlier this week, Marsh announced the expansion of its global Nimbus data centre insurance facility, doubling its capacity to $2.7 billion.
The broker’s large-scale data centre construction insurance facility now also offers lay in start-up and business interruption coverage, for major projects across the UK, US, Canada, Europe, Australia, and New Zealand.
