Advanced Technology Assurance has launched a new insurance facility to underwrite the global AI infrastructure build-out – a market expected to attract the equivalent of £5.2trn in investment by 2030.
The ATA Global Data Center and AI Infrastructure Insurance facility brings together more than 10 re/insurers and Lloyd’s syndicates, including Arch Insurance International, Munich Re Specialty and SCOR.
The policy integrates property, computer hardware, cargo and transit, cyber and technology E&O, environmental liability and terrorism cover.
Michael Coles, chairman of ATA, commented: “We’ve brought the capacity and expertise of the world’s top re/insurers to one table to create one specialised policy that aggregates limits across traditional and new coverages. We’ll aim to work closely with our re/insurer partners to build out the team, meaningful line sizes, new specialised coverages, and the risk engineering that keeps pace with the dynamism of these multi-billion dollar projects.”
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