Investor Launching $1B Fund For Data Center Catastrophe Risk

Ex-Credit Suisse team plans $1B fund for data center risk

A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers.

Investor Launching $1B Fund For Data Center Catastrophe Risk

Alternative investor Euler ILS Partners plans to launch the first insurance-linked securities project specifically for environmental risks to data centers. Euler ILS Partners is working with an insurance company to underwrite specialist policies for data centers' catastrophic risk, Bloomberg reported.  Weather-related hazards like tornadoes and rising temperatures are expected to be major risks, especially in areas where many data centers have c…

Euler ILS Partners sees $1bn fund opportunity for data centre sidecar risk: Bloomberg - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Euler ILS Partners, the specialist Swiss insurance-linked securities (ILS) investment manager, sees a $1 billion fund opportunity based on quota share’s to support insurance risk transfer capacity for the data centre build-out, according to reporting from Bloomberg. The publisher has interviewed Niklaus Hilti, Chief Investment Office…