Professional services firm Aon will reportedly target $10 billion of capacity for a new operational property insurance facility tied to its Data Center Lifecycle Insurance Program (DCLP).

In July, Aon said it would expand the DCLP with an additional $5 billion in program capacity and broader integrated risk solutions. The multi-line facility is designed for risk management across every stage of data center development and operations, covering construction, cargo, cyber, and operational exposure under one program.

According to The Insurer, which cited unnamed sources, Aon is now launching a new facility, the Operational Property Data Center Lifecycle Program.

This facility is specifically designed for projects leaving its existing construction program and entering service, but will also provide cover for established operational data centers.

It will cover owners and operators for their core, shell, and infrastructure equipment, as well as extend to tenants insuring their own GPUs and other compute assets.

In its DCLP expansion announcement, Aon said it was expanding the facility due to increased demand for insurance solutions as a result of the growing investment in AI, cloud computing, and hyperscale data centers.

The insurance industry has been relatively slow to expand to meet the rapid growth of the data center industry, with fears of concentration and overbuild leading to cautious expansion for insurers.

However, bigger and more focused data center-specific insurance facilities have been announced in recent months as insurers see an opportunity to expand insurance capacity.

For example, last month, insurance provider Marsh launched its own insurance facility, Stratus, providing up to $10 billion in property insurance for digital infrastructure projects, including data centers and associated critical support systems.

Similar to Aon’s new operational facility, Stratus is designed to extend Marsh’s coverage from the construction phase to the operation phase.

Marsh also provides a construction-phase insurance facility, Nimbus.

Joe Macejak, US property digital infrastructure leader at Marsh Risk, said that the launch of Stratus was driven by the shift from construction to operation of large digital infrastructure assets, describing the risks associated with operation as “larger and more complex” than construction.

He added: “By combining Marsh’s engineering data and analytics, risk consulting capabilities, and access to the global (re)insurance and capital markets, Stratus is designed to improve the quality and efficiency of operational digital infrastructure property placements and help clients secure the protection they need to support growth at scale.”