Aon Unveils $2.5 Billion Insurance Program for Gas Power Projects

The program addresses the volatility inherent in energy development, where shifting insurance providers between construction and operations often leaves projects vulnerable to coverage gaps. By consolidating risk transfer into a single strategy, Aon aims to provide developers, lenders, and private equity firms with greater continuity throughout the lifecycle of a power asset. The coverage includes up to $2.5 billion for Erection All Risks and Delay in Startup during the building phase, as well as an identical amount for operational property damage and business interruption once the facility goes live.

Beyond basic property coverage, the initiative offers up to $100 million in third-party liability—excluding U.S. projects—and optional advisory assessments covering climate, cyber, and supply chain risks. Backed by a lead panel of London-based carriers, the program is designed to support both grid-connected gas projects and dedicated facilities powering data centers. This launch follows Aon’s earlier expansion of its Data Center Lifecycle Insurance Program, signaling a strategic pivot to support the energy infrastructure required to sustain the ongoing digital build-out.