Volt Underwriting, supported by DA Strategy’s MGA Design & Build Service, has been approved as a coverholder under Dale Underwriting Partners’ Lloyd’s Syndicate 1729.
Volt Underwriting will cater to clients involved in both conventional power and renewable energy, with an initial capacity of $25 million for U.S. and international onshore power and renewable energy risks. The MGA plans to significantly expand its underwriting portfolio in the coming months, with capacity expected to increase further at the critical January 1, 2025 renewal.
Volt was co-founded by energy underwriting veterans Chris Allison, CEO, Andrew Tokley, Chief Underwriting Officer, and Kevin Cleary, Chief Operating Officer, a specialist in MGA management. Together, the leadership team brings over 75 years of experience in energy underwriting and insurance management. The venture is also backed by BP Marsh, further strengthening its position in the market.
Kaj Pankhania, MGA Director at DA Strategy, expressed excitement over the rapid and compliant launch of Volt. “We are thrilled to introduce Volt Underwriting, an energy transition MGA with best-in-class underwriters. This launch has been a collaborative effort, and the Volt team is already making an impact in the market, driving innovation in the energy sector and supporting the global transition to renewable energy.”
Volt Underwriting is poised to scale in the coming years, with ambitions to further push the boundaries of innovation in the energy transition and renewable energy sectors.
Chris Allison, CEO of Volt Underwriting, highlighted the company’s multi-class approach, stating, “Volt was established to offer tailored solutions to energy sector clients, and we are pleased to launch power and renewable energy as our first offerings.”
He added “We are excited to work with Dale as our lead capacity partner, delivering a strong proposition to the market.”
