Aon, a global insurance and reinsurance broker and risk advisor, has launched a new integrated insurance solution, Power Lifecycle Program (PLP), designed to support conventional gas power projects.
The solution aims to provide coverage across interconnected risks from construction through testing, commissioning, into early operations, and a loss or interruption at any stage that can affect schedules, financing commitments and anticipated revenue, especially when insurance is arranged separately at each stage.
Aon explained that PLP’s lifecycle model moves insurance from a series of disconnected placements to a single coordinated risk-transfer strategy that supports a project from site selection and construction through commissioning and ongoing operations.
This aims to provide better continuity of cover, reduced coverage gaps, improved capital efficiency, and greater confidence for developers, owners, lenders and investors.
The solution covers up to USD 2.5 billion in erection all risks and delay in startup coverage per project, for the construction, testing and commissioning periods and in operational property damage and business interruption coverage per project, for the immediate operational period. It will also cover up to USD 100 million of construction and operational third-party liability, excluding US projects.
The program is underpinned by a lead panel of London-based carriers, combining power-sector expertise with meaningful capacity for global clients. Beyond the lead panel, the balance of capacity is predominantly London-based, complemented by significant participation from key local and global markets, explained Aon.
The solution can be accessed by power infrastructure developers, private equity firms funding power project developments, contractors controlling construction cover, and power infrastructure owners for both grid-connected standalone conventional gas power projects and dedicated projects supporting data centres.
Joe Peiser, Chief Executive Officer, Risk Capital, Aon, commented, “As investment in energy infrastructure continues to grow, organizations require risk solutions that evolve alongside increasingly complex power assets.
“Our Power Lifecycle Program provides a coordinated insurance solution from construction, testing and commissioning through to operation. By bringing multiple coverages together within a single lifecycle framework, Aon’s Power Lifecycle Program helps clients take a more holistic approach to managing project, operational and infrastructure risk.”
Clients can choose tailored risk advisory assessments for project risks from natural catastrophe, climate, cyber, casualty, supply chain and business interruption risks, as risk engineering and casualty consulting are available, said the broker.
The launch follows a period of rapid data centre growth, which is driving significant investment in conventional power generation capacity.
It also builds on Aon’s Data Center Lifecycle Insurance Program, which saw an expansion in capacity to USD 5 billion in July 2026.
