Capacity remains constrained for these growing data centre risks. The new $1 billion data centre construction quota share reinsurance arrangement is designed to “support strategic growth” in this critical opportunity. Typically, Zurich has featured just a US all-perils catastrophe reinsurance tower in its disclosures, as last seen after the January reinsurance renewals when it expanded its aggregate coverage. But, with the addition of dedicated US peak peril protection from Turicum Re cat bond, Zurich has now split that out, as seen in the latest catastrophe reinsurance tower disclosure below. The Europe all perils catastrophe reinsurance tower now has a lower retention of $489 million, down from $505 million after January.