Jul 14, 2026 · 30 min · 11 segments
What lies ahead for the surety industry as it enters what could be one of the most transformative periods in its history? In this episode, hosts Kat Shamapande and Mark McCallum engage industry…
Nathan ZangerleGuest
Stephen HaneyGuest
Chris TataGuest
Kat ShamapandeHost
Mark McCallumHost
One of the discussions you have is, is this a bubble? Where do you see the trend? I would say so far, we do not see this as a bubble.
When you talk about how much investment's going to go in the United States, I'll say, I'm going to take it two ways, because it's not just the data centers, it's the power to power the data centers.
But, you know, the estimates are probably about $2 trillion, maybe up to $3 trillion that could be spent just in data centers in the United States.
And then right behind that, the power that's going to have to power those data centers, about $2.5 trillion.
So it's, in the comments I'll hear when we're out talking to kind of our largest clients, it's kind of a once-in-a-generational opportunity.
The good news is, The contracts that we're seeing for those data centers have been fairly favorable and it's a supply and demand issue.
They're not going to lean into something that doesn't make sense and doesn't have really good cash flow curves.
So you got to think the mechanical, the electrical, the plumbing, the Everything that goes in, the data centers themselves are not hard construction, but it is the sub-packages and managing the CPUs and commissioning those plants.
You always hear about labor scarcity, labor shortage, particularly in this construction industry.
One of the discussions you have is, is this a bubble? Where do you see the trend? I would say so far, we do not see this as a bubble.
When you talk about how much investment's going to go in the United States, I'll say, I'm going to take it two ways, because it's not just the data centers, it's the power to power the data centers.
But, you know, the estimates are probably about $2 trillion, maybe up to $3 trillion that could be spent just in data centers in the United States.
And then right behind that, the power that's going to have to power those data centers, about $2.5 trillion.
So it's, in the comments I'll hear when we're out talking to kind of our largest clients, it's kind of a once-in-a-generational opportunity.
The good news is, The contracts that we're seeing for those data centers have been fairly favorable and it's a supply and demand issue.
They're not going to lean into something that doesn't make sense and doesn't have really good cash flow curves.
So you got to think the mechanical, the electrical, the plumbing, the Everything that goes in, the data centers themselves are not hard construction, but it is the sub-packages and managing the CPUs and commissioning those plants.
You always hear about labor scarcity, labor shortage, particularly in this construction industry.
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