#USA #Kansas City #Data Centers #Digital Infrastructure #Lockton

Lockton's New Global Data Centers and Digital Infrastructure Practice

Lockton, known as the world's largest privately-run independent insurance brokerage, has taken a significant step by launching its global Data Centers and Digital Infrastructure Practice. This new venture aims to assist organizations in navigating the intricate risks associated with digital infrastructure—an essential component of today's data-driven world.

Understanding the Need for a Dedicated Practice

As digital connectivity continues to evolve and become more complex, the need for specialized risk management becomes critical. Tim Ryan, Lockton's U.S. President, states, "Data centers are at the core of how the modern world operates, and the risk landscape behind that infrastructure has become increasingly interconnected, capital-intensive, and time-sensitive." He emphasizes that organizations require advisors who possess comprehensive knowledge of the entire lifecycle of data center operations, from planning and site selection to ongoing risk management.

Comprehensive Risk Solutions

The new practice provides an integrated advisory model that combines risk strategy, analytics, engineering insights, and specialized market expertise. Its clientele includes a diverse ecosystem of stakeholders, such as owners, operators, developers, investors, hyperscalers, and technology providers.

The team's support begins with project planning, where foundational risk decisions are made and continues through construction, operational launch, and portfolio expansion. Clients will have access to a range of innovative products and proprietary solutions tailored for their specific needs, addressing areas such as construction and property risk, environmental risk, cyber threats, and service level agreements.

Global Insights Tailored for Local Needs

Chris Brown, CEO of Lockton International, highlights the rapid evolution of the global data center and digital infrastructure market. "Lockton's independent model enables us to pool global expertise to create tailored solutions, delivering advice that goes beyond traditional insurance placement," he explains. This flexibility allows Lockton to adjust to the individual business dynamics of each client, ensuring that solutions are not one-size-fits-all but rather finely detailed to meet unique demands.

Leadership Driving the Practice

The new practice will be spearheaded by James Nelson in the U.S. and Sam Baker in the U.K. Nelson brings a wealth of experience in risk advisory and insurance, having recently been the global head of client engagement at Eldin Risk. He has also held key positions at Marsh and Cerberus Capital, further honing his skills in managing complex risk strategies. Meanwhile, Baker's 13 years at Lockton have seen him at the forefront of developing innovative insurance solutions tailored to clients in different markets.

Building Confidence in Future Operations

Ryan concludes by emphasizing the primary aim of the new practice: to assist clients in building and operating pivotal infrastructure with enhanced resilience and confidence. By managing risks proactively, organizations are liberated from the complexities of navigating uncertainties, allowing them to focus on growth and innovation instead.

In conclusion, Lockton's new Data Centers and Digital Infrastructure Practice represents a forward-thinking approach to managing the multifaceted risks associated with digital operations. With the right guidance and tailored solutions, organizations can thrive in an increasingly interconnected world.

To learn more about this new initiative and how it can benefit your organization, visit Lockton's website.