FM Enhances Insurance Capacity For Data And Power Ecosystem

Commercial property insurer FM has announced a significant increase in capacity to support its global FM Intellium clients and the data and power generation ecosystem with unmatched limits and risk mitigation expertise.

Through FM’s engineering expertise and nearly 200 years of partnering with and protecting global businesses, FM can now provide capacity of up to $US5 billion for this rapidly growing industry. With the enhanced limits, the largest currently serving the data center industry, FM will offer unprecedented support for its clients.

FM launched FM Intellium last year to help businesses seize the opportunities and mitigate the risks of technological advancement, from artificial intelligence to cloud computing to the power generation needs these innovations require. In October, FM named Christopher Dempsey senior vice president, FM Intellium, to lead the unit, which is focused on meeting the needs of FM’s current and future data center clients. FM has been insuring data centers for more than 25 years. Today the company protects approximately 1,100 data centers, representing US$250 billion of insurable value. 

“For almost two centuries, FM has partnered with clients in growing industries to help them navigate emerging risks and prevent losses before they happen,” said 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 center clients,” said 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.”