Energy sector MGA Volt Underwriting launches

London-domiciled, Lloyd’s Approved Coverholder, energy sector managing general agent (MGA) Volt Underwriting launches today to support clients active in the energy transition sector, with initial capacity of $25 million for US and international onshore power and renewable energy risks.

The binder is led by Dale Underwriting Partners’ Lloyd’s Syndicate 1729, and Volt will be one of the first MGAs to offer coverage for both conventional power and renewable energy clients.

The MGA aims to offer additional products in the future, with capacity expected to grow substantially next year.

Volt was co-founded by industry veteran underwriters, Chris Allison, Chief Executive Officer; Andrew Tokley, Chief Underwriting Officer; and MGA management specialist Kevin Cleary, Chief Operating Officer, and is backed by B.P. Marsh.

Allison commented, “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.”

Ian Bridge, Active Underwriter, Dale Syndicate, added, “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.”

Dan Topping, Chief Investment Officer, B.P. Marsh, concluded, “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.”

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