How is AI Data Center Insurance Evolving?

IMA Financial Group completed a $4 billion property insurance placement on April 22, 2026, on behalf of a publicly traded AI and high-performance computing data center company.

Structured through a leading global property carrier, the transaction ranks among the largest single property placements in the digital infrastructure sector, and one of several billion-dollar programs the independent brokerage firm has advised on in recent years.

As facilities housing thousands of GPUs, custom power infrastructure, and mission-critical cooling systems scale in capital intensity and operational complexity, conventional commercial property programs are not keeping pace with what these assets actually require.

"AI and HPC data centers are among the most complex, capital-intensive assets in the world," said Patrick Datz, IMA Digital Risk Practice Leader. "They require an advisor who understands the technology and the risks, and can communicate both to a carrier market that is still getting up to speed. We help clients build programs that reflect the true value and operational reality of what they've built."

Two Decades of Groundwork

IMA began specialising in data center risk in the early 2000s, building technical fluency across the commercial, hyperscale, and digital asset sectors before AI infrastructure became the dominant investment theme.

That foundation, spanning how facilities are constructed, how they generate revenue, and where traditional insurance structures fall short, now underpins its advisory work on some of the country's largest digital infrastructure programmes.

IMA's data center practice covers property, builders risk, cyber and technology, errors and omissions, directors and officers liability, crime, and parametric business interruption solutions.

The firm's approach is built from the asset level up, designing programmes that reflect how facilities are powered, cooled, and operated rather than applying generic commercial property frameworks to specialised infrastructure.

"As investment in AI infrastructure accelerates, we're seeing a growing need for insurance solutions that can scale alongside these assets," said Rachel Nixon, IMA Senior Vice President and Data Center Co-practice Lead.

He explained that IMA's team of experts is bringing a broad portfolio of sophisticated programmes to market, where success depends on aligning technical expertise, underwriting strategy and long-standing carrier relationships.

Hyperscalers and purpose-built AI infrastructure companies are deploying hundreds of billions of dollars in new construction and equipment across North America. The programmes protecting those assets must scale accordingly.

IMA's transaction is one data point in that gap. It is also a measure of how specialised the advisory function has become.