Volt launches with $25 million capacity for power and renewable energy risks
Volt Underwriting has launched with an initial capacity of $25 million to cover onshore power and renewable energy risks in the U.S. and internationally. The binder is led by Dale Underwriting Partners’ Lloyd’s Syndicate 1729. Volt is among the first MGAs to offer coverage for both conventional and renewable energy sectors, with plans to expand product offerings and capacity by early 2025.
Volt also announced a $3.3 million investment from B.P. Marsh. The company is led by ex-Travelers underwriter Chris Allison.
“Volt was launched to offer multi-class solutions to energy sector clients and we are delighted to launch power and renewable energy as the first of those products. We are thrilled to work with Dale as the lead capacity partner. Together we bring a strong proposition to the market.” – Allison.
“Volt’s power and renewable energy product nicely complements our existing insurance portfolio whilst giving us access to a best in class team with significant experience in this sector.” – Dale Syndicate Active Underwriter Ian Bridge.
“B.P. Marsh are pleased to be investing in Volt, founded by an experienced and seasoned management team. We look forward to working with Chris, Andrew and Kevin, to deliver on their business plan over the coming years, harnessing our experience and expertise in assisting specialist start-up underwriting agencies develop and grow.” – Dan Topping, Chief Investment Officer at B.P. Marsh.