Volt Underwriting, a managing general agent (MGA) focused on the energy sector, said it has renewed and increased its binder to underwrite conventional and renewable power generation and midstream risks. The company said all capacity is provided by syndicates at Lloyd’s.
The MGA said its line size will increase to US$50 million for 2026. It also said the renewed binder expands its scope to underwrite conventional power construction risks.
Volt’s expanded line comes as market pricing signals suggest buyers may have more room to negotiate heading into 2026. A Willis update cited observed rate reductions of 10% to 15% on standard renewals, with competitive tenders seeing 20% to 50% reductions.
Willis attributed that trend to “the ongoing oversupply in capacity and insurer appetite for growth,” conditions that can reshape how energy programmes are structured and how much limit carriers and MGAs are prepared to deploy.
Chief underwriting officer Andrew Tokley said energy-market demand is being shaped by “data centre growth and the growth of electrification world-wide.” He said Volt has “expanded our product breadth to support clients as they invest in and build new gas-fired generation and renewable energy projects.”
Tokley added the binder changes also support an expanded midstream offering and reflect the company’s view that “gas distribution will play a critical role in the energy supply chain.” He linked the underwriting expansion to power-generation buildout and infrastructure needs.
Chief executive officer Chris Allison (pictured above) said: “We are delighted to receive this affirmation, both in our underwriting approach and in the results we have delivered.” He added: “I would like to thank our existing partners, brokers and customers for their continued support.”
Allison said Volt is adding capacity partners, describing it as “particularly gratifying to welcome two new markets to the slip as we enter our second year.” He said the MGA plans to continue expanding its product offering and underwriting team into 2026.
