It’s debut time for Volt MGA, here’s the word;
Volt Underwriting, the new MGA formed to support clients active in the energy transition sector, launches today 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.
Volt Underwriting will be one of the first MGAs to offer coverage both for conventional power and renewable energy clients. Additional products will be added in the months ahead, with capacity set to grow substantially for 1.1.25. With backing from B.P. Marsh, Volt was co-founded by market-leading underwriters Chris Allison (Chief Executive Officer), Andrew Tokley (Chief Underwriting Officer), and MGA management specialist Kevin Cleary (Chief Operating Officer). Together the partners bring more than 75 years’ experience in energy underwriting and insurance management.
“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”, Allison said. “We are thrilled to work with Dale as the lead capacity partner. Together we bring a strong proposition to the market.”
Dale Syndicate Active Underwriter Ian Bridge said: “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 at B.P. Marsh, said: “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
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