Plentiful capacity, bolstered by returning new entrants, and strong reinsurer appetite remain to the cedents’ advantage as the market enters 2026, according to the reinsurer's global head of cyber.
The move follows a wave of new insurance offerings and capacity expansions as the insurance industry targets growing data centre opportunity - and risks.
While global losses were below the 10-year average last year, APAC's persistent protection gap means only about US$9bn of its US$73bn losses were insured.
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.
