The latest expansion for Volt;
Volt Underwriting, the MGA formed to support clients active in the energy sector, has entered the Ports & Terminals insurance class under a binder led by Tokio Marine Kiln.
As previously announced, the book will be underwritten by Chris Haines, one of London’s leading underwriters of Ports & Terminals risks. Volt Underwriting will deploy an initial line of $15 million, and will underwrite a global portfolio covering Property and Liability exposures.
Richard Hooks, Departmental Head of Marine & Energy at Tokio Marine Kiln (TMK), says:
“We are excited to back Volt’s entry into Ports & Terminals. We appreciate Volt’s experience and their lean London market approach, and we look forward to leading the binder and managing the consortium behind it.”
Chris Haines says: “Since I joined Volt, it’s been a great opportunity to build our product and engage with carriers and brokers on the optimum way to bring Volt’s new Ports & Terminal offering to the market. I am looking forward to getting down to business, and excited to part of the Volt growth story.”
Volt CEO Chris Allison says: “Expanding our product offering was always a priority for Volt, and I’m excited to announce Ports & Terminals as the first of many. The line complements our existing offering, and means Volt UW offers scale and balance for carriers. Meanwhile, we support countries’ consistent energy supply, distribution, and logistics by underwriting critical infrastructure. I am enormously grateful to Richard, and to TMK’s CUO Vivek Syal, and the whole team there. We couldn’t ask for better support.”
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