The scale is the story. Williams said “the size, scale, complexity and length of these builds are unprecedented”, with hyperscale campuses – the very largest data centers – now routinely valued at US$30 billion to US$40 billion apiece. In land-scarce markets such as Japan, he noted, developers are weighing 52-story towers to stack servers vertically rather than build the sprawling campuses favored in the United States. For brokers, that means staggering asset values, multi-year construction programs and critical dependencies on semiconductors and raw materials, all compressed into single insured sites.
Data center boom is rewriting the construction risk playbook
