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Zurich secures up to $1 billion in reinsurance for data centers
Zurich said its first-half 2026 business operating profit hit an all-time high of $4.8 billion, helped by a 12% rise in its property and casualty profit and a 7% increase in gross written premiums.
Zurich has entered a new data center construction quota share reinsurance arrangement to provide up to USD 1 billion of risk capacity for growth of its global data centre portfolio, Reinsurance News reports. The insurer said its 2026 renewals so far also included quota share deals in Data Center Construction, Energy Onshore, and Corporate Liability to expand capacity in selected growth areas and support diversification.
In first-half 2026 results, Zurich reported an all-time high business operating profit (BOP) of USD 4.8 billion, up 13% year over year. Its property and casualty (P&C) segment posted BOP of USD 2.8 billion, rising 12% on a like-for-like basis, alongside property and casualty gross written premiums (GWP) increasing 7% to USD 29.9 billion.
Zurich’s P&C combined ratio was 92.7%, with natural catastrophe losses contributing 1.9 percentage points and favourable prior-year reserve development adding 2.4 percentage points. The insurer also reported that US Commercial premiums increased 5%, while its global specialty premiums rose 8% to USD 5.5 billion, driven mainly by construction needs tied to growing AI demand.
Zurich said it expanded its “Data Center Project Guard,” a dedicated insurance and risk management solution for large-scale data centre projects, into Europe and Latin America. It added that its P&C segment pricing was up 1% overall, with retail rates rising 4% and commercial rates declining 1%.