Managing general agent accelerator DA Strategy has announced the launch of Volt Underwriting, a new Lloyd’s-approved coverholder led by Dale Underwriting Partners’ Syndicate 1729.
Volt will serve clients in the energy transition sector, starting with an initial capacity of US$25 million for US and international onshore power and renewable energy risks. The plan is to significantly expand underwriting capacity by the 2025 renewals in January.
Supported by DA Strategy’s “MGA Design & Build” service, the new underwriting business is backed by investor BP Marsh. It was co-founded by chief executive Chris Allison (pictured), chief underwriting officer Andrew Tokley, and chief operating officer Kevin Cleary.
“We are thrilled to introduce Volt UW, an energy transition MGA with best-in-class underwriters, to the market,” said DA Strategy’s MGA director Kaj Pankhania. “This lightning-quick launch has taken great collaboration and firm dedication by all parties to ensure the team was up and running swiftly, compliantly, and with scale built into their foundations.
“The expert Volt UW team is already creating waves in the market, and we have no doubt of the impact they will make in bringing innovation to the energy sector, supporting in particular the global transition to renewable energy.”
Meanwhile Allison pointed out their aim to provide a variety of offerings to the energy sector: “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.”
The partnership comes on the heels of Dale Underwriting Partners’ recent foray into international professional indemnity insurance. The new venture will be led by incoming professional line head Ryan Barnes, who is joining in January.
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