Vietnamese insurer's underwriting results "continued to show improvements following tightened underwriting guidelines and portfolio restructuring," AM Best said.
The move follows a wave of new insurance offerings and capacity expansions as the insurance industry targets growing data centre opportunity - and risks.
The facility, backed by over 10 (re)insurers and Lloyd’s syndicates, aims to streamline insurance for large-scale AI projects by combining multiple coverages under one, modular contract.
