Aon Launched Insurance for Gas Power Projects
The program mitigates risk for the power assets required to support the rising electricity demand of data centers.
Updated on Sept. 28, 2026 in Data Centers
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Aon has launched the Power Lifecycle Program to provide as much as US$2.5 billion in insurance coverage for gas power projects. This offering consolidates construction and operational coverage into a single framework to prevent coverage gaps during project transitions.
Why it matters
Staged insurance placements frequently create exposure windows during project handovers, while rising electricity demand from data centers necessitates more robust, flexible power generation solutions. The program aims to bridge these risk gaps as capacity requirements for data center infrastructure intensify.
The program provides up to US$2.5 billion in total coverage per project, with a maximum of US$100 million in third-party liability for non-US projects. This follows Aon's expansion of its separate Data Center Lifecycle Insurance Program, which reached US$5 billion in capacity in July 2026.
The players
Aon
A global professional services firm providing commercial risk, reinsurance, and human capital solutions.
W Denis Group
An insurance broker that established a dedicated specialist division for data center and power assets.
The details
The program utilizes a lead panel of London-based carriers to consolidate construction and ongoing operational insurance into a single, coordinated framework. By aligning coverage across the entire project lifecycle, the program eliminates the coverage gaps that typically occur when transitioning between construction and operations. This is critical for data center developers, where AI cluster downtime can cost as much as US$9,000 per minute.
Timeline
July 2025: W Denis Group launched a specialist data centre and power asset division.
2025: Data centre electricity consumption grew by nearly 20 percent.
H1 2026: Power and renewables insurance rates trended downward.
July 2026: Aon expanded its Data Center Lifecycle Insurance Program capacity to US$5 billion.
September 28, 2026: Aon launched the Power Lifecycle Program.
The Tech Race
As data centers account for an increasing share of global energy consumption—projected to hit 950 terawatt-hours by 2030—insurers are racing to create specialized products for the sector. This initiative follows private equity's US$45.7 billion investment in US data centers in 2025, which drove 72 percent of total sector investment.
Developers of gas-based power generation for data centers can now utilize a unified insurance policy to reduce administrative overhead and risk during project handovers. The program is currently available, though operators should consult their brokers to compare these consolidated rates against traditional phased insurance placements.
The takeaway
The move signals a shift toward specialized, multi-phase insurance products designed specifically for the extreme reliability needs of AI infrastructure. Watch for future capacity expansion announcements from major brokerage firms as they compete to underwrite the rapid build-out of data center power assets.
Further reading
For broader trends in infrastructure and stability, see our coverage on Data Centers.
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