Aon Launches $2.5B Insurance Program for Gas Power Projects

Aon plc (NYSE: AON) announced Monday the launch of its Power Lifecycle Program, a new multiline insurance solution designed to support conventional gas power projects that underpin expanding digital infrastructure across the United States and beyond. The Dublin-based professional services firm said the program can provide up to $2.5 billion in coverage spanning both construction and operational phases.

The product targets utility operators and digital infrastructure clients — including data center developers — who are increasingly turning to natural gas generation to meet surging power demand driven by artificial intelligence workloads and cloud computing expansion. Aon positioned the offering as a response to a widening gap between available insurance capacity and the scale of energy projects now coming online.

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By bundling coverage across the full project lifecycle, from initial construction risk through long-term operations, Aon's program aims to reduce the friction clients typically encounter when sourcing separate policies for each phase of a power development. The multiline structure is intended to streamline underwriting and provide more predictable terms for project financiers and asset owners alike.

The announcement comes as insurers and risk advisers compete to serve a power sector undergoing rapid capital investment, with demand for reliable baseload generation intensifying alongside renewable intermittency concerns. Conventional gas plants have re-emerged as a favored bridge fuel for technology companies seeking firm-power agreements to back large-scale computing facilities.

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