Commercial property insurer, FM, has revealed an escalation in capacity to strengthen its global FM Intellium clients, alongside enhancing the data and power generation ecosystem with limits and risk mitigation.
The company's engineering expertise has helped FM to extend its capacity, now reaching up to USD 5 billion for this growing sector. These increased limits help demonstrate FM's dedication to supporting its clientele.
Last year witnessed the introduction of FM Intellium, a venture designed to aid businesses in harnessing the advantages and curtailing the risks of technological progress. From advancements in artificial intelligence to cloud computing and the power generation requires these innovations entail, FM Intellium aims to navigate these challenges.
This past October, Christopher Dempsey was appointed as the senior vice president of FM Intellium, leading the unit's mission to address the needs of FM's current and future data centre clients. With over 25 years of experience in insuring data centres, FM presently safeguards approximately 1,100 such facilities, representing USD 250 billion of value.
Malcolm Roberts, chair and CEO of FM, expressed, "For almost two centuries, FM has partnered with clients in growing industries to help them navigate emerging risks and prevent losses before they happen." This engineering and research-led approach combined with FM's solutions seeks to support the growing data centre industry.
“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.”
