Volt Underwriting has signed a US$37.5m binding authority for US and international onshore power and renewable energy risks, marking a 50% capacity increase for 2025.
The binder continues to be led by Dale Underwriting Partners’ Lloyd’s Syndicate 1729, with support from SiriusPoint Syndicate 1945.
Tokio Marine Kiln Syndicate 510 and Blenheim Syndicate 5886 will be joining the consortium.
Volt chief executive officer Chris Allison said: “We’ve enjoyed an excellent start since our launch, with tremendous support from all our 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.”
Richard Hooks, departmental head of marine and energy at Tokio Marine Kiln, added: “Volt has made a strong start and we are very happy to support Chris and his team. Their underwriting expertise is complementary to our own and we believe this binder will be a great addition to our growing portfolio.”
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