The latest new thinking from Marsh;
Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, today announced the launch of Stratus, a property insurance exchange designed to address the complex operational risks of digital infrastructure projects, which include data centers and associated critical support systems.
Stratus provides access to up to $10 billion in property insurance capacity on a single-placement basis through the global property risk transfer market for the global exposures of US-domiciled companies. Designed as an insurance exchange, 30 traditional and alternative capital provider participants will evaluate each risk individually to determine the most appropriate support for each placement. This more structured trading environment enables providers to better assess, quantify, and diversify risk and address aggregation concerns, which arise during the operational phase of digital infrastructure projects.
Stratus will also leverage Marsh’s advanced data and analytics and advisory services to help clients efficiently procure customized property coverage for their unique needs as they transition their digital infrastructure assets into operation.
“As large digital infrastructure projects shift from construction to operation, the associated risks become larger and more complex, driven by multi-billion-dollar campuses, self-generating power systems, and emerging technologies used in processing units and critical equipment,” said Joe Macejak, US Property Digital Infrastructure Leader, Marsh Risk. “By combining Marsh’s engineering data and analytics, risk consulting capabilities, and access to the global (re)insurance and capital markets, Stratus is designed to improve the quality and efficiency of operational digital infrastructure property placements and help clients secure the protection they need to support growth at scale.”
Stratus is designed to seamlessly extend Marsh’s construction-phase insurance facility, Nimbus, giving clients a unique market solution as their digital infrastructure assets enter the next phase of their lifecycle. Stratus and Nimbus can be engaged separately or together, with additional coverages added as client needs evolve. Stratus will initially launch as a property-focused solution, with plans to expand into other insurance lines, including inland marine, cyber, and casualty, ultimately creating a single point of access for operational digital infrastructure clients.
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