Volt Underwriting, the managing general agent (MGA) launched in October to support the energy transition sector, has signed a new $37.5 million binding authority for 2025, aimed at US and international onshore power and renewable energy risks. A news release highlighted that this new agreement represents a 50% increase in capacity for the coming year.
The expanded binder continues to be led by Dale Underwriting Partners’ Lloyd’s Syndicate 1729, with support from SiriusPoint Syndicate 1945. The latest consortium includes Tokio Marine Kiln Syndicate 510 and Blenheim Syndicate 5886, marking their first involvement in the binder.
Volt CEO Chris Allison (pictured) expressed satisfaction with the company’s progress since its launch, noting strong support from broker partners. “Our value proposition to the market has been well received, and we are delighted to expand the binder with Tokio Marine Kiln and Blenheim. This new capacity significantly strengthens our offering as we look to establish Volt as a key market in the power and renewable energy space,” said Allison.
Richard Hooks, departmental head of marine and energy at Tokio Marine Kiln, also commented, highlighting the complementary nature of the two organisations. “Volt has made a strong start and we are very happy to support Chris and his team,” said Hooks. “Their underwriting expertise is complementary to our own and we believe this binder will be a great addition to our growing portfolio.”
Volt Underwriting, a Lloyd’s-approved coverholder, focuses on delivering insurance solutions to clients in the energy sector, offering protection for both conventional and renewable energy assets as the industry evolves.
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