(Re)in Summary
Single hyperscale AI campuses can carry total insurable values of US$20bn–50bn, beyond what one insurance placement can absorb, Howden says.
Underwriters are pricing the largest sites...
Grid constraints, curtailment and congestion were cited as a growing operational concern by 85% of respondents, 23 percentage points ahead of any other risk.
The insurer's potential exposure will hinge on legal and contractual proceedings following the project's termination over force majeure and war-risk circumstances.
The Cologne-based executive takes charge of underwriting strategy across Europe, Asia and Australia, stepping up from the insurer's German underwriting operation.
The Singapore appointment moves the energy specialist out of the broker's Calgary office after seven years serving upstream and downstream clients in Canada.
Insurers have so far counted US$170m in preliminary claims, but the country may need up to US$5bn, or around 10% of GDP, to rebuild after the disaster.
International reinsurers will take a significant share of what is covered, with hydropower plants, engineering projects and commercial property along the China trade corridor driving most claims.
