Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence.
The Swiss firm will insure risks associated with the building and operating of data centers in Brazil, Germany, Italy, the Nordics and Spain in addition to it
s business in the US, according to a statement June 4. It plans to add more countries this year.
The expanded coverage follows rapid development in AI worldwide, with hyper scalers such as Microsoft Corp., Amazon.com Inc. and Alphabet Inc. looking a
t potential applications for industry and consumers in Europe an
d elsewhere. At the same time, the European Union has been stepping up efforts to build out its own digital infrastructure to stay independent of the US amid increasing geopolitical tensions.
Insurers like Zurich have been quick to offer risk coverage around data centers as they seek new streams of revenue at a time when their traditional businesses in property and casualty insurance face a slowdown in premium gr
owth. Cumulative global insurance premiums associated with data centers are estimated to reach $134 billion between 2026 and 2030, according to a report by Artemis, citing a broker at Aon PLc.
Zurich says it underwrote more than 245 data-center construction projects in the US in 2025 and the business bumped its first-quarter earnings.
The insurer agreed to buy UK-based specialty insurer Beazley earlier this year, bolstering its expertise in cyber and digital insurance and also its operations in Europe
, North America, Latin America and Asia. The deal will also allow it to leverage Beazley’s Lloyd’s of London presence.
Still, more than 500 similar cases are pending in California state court and in other states. The Flori
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da appellate court noted that the Florida immunity statute is similar to the federal law known as the Graves Amendment, which provide
s some immunity to transportation network companies. But the 2022 amendment to the Florida law appears to push the immunity cloak a little further, beyond vicarious liability.
The 4th District Court ruling may have created a “liability vacuum” for rideshare firms and reo
pens the question of how much responsibility corporations should bear, even when workers are not considered employees, Palm Beach attorney Sean Domnick wrote in Law.com last week.
Others called it a potentially significant win for rideshare companies.
