Volt focuses on property risks in power generation and midstream energy across renewable and non-renewable sectors. Credit: xfilephotos/shutterstock.

Specialist private equity investor B.P. Marsh and Partners has invested in Volt, a London-based managing general agency (MGA) specialising in energy insurance.

B.P. Marsh gained a 25.5% cumulative preferred ordinary shareholding in Volt, offering up to £2.5m ($3.2m) in equity and loan facilities.

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Volt, established by industry veterans Chris Allison, Andrew Tokley and Kevin Cleary, focuses on property risks in power generation and midstream energy for both renewable and non-renewable sectors.

The start-up will operate from London, underwriting a global portfolio with a focus on the US market.

As a Lloyd’s coverholder, Volt has secured A-rated capacity from Lloyd’s and is dedicated to long-term profitability and sustainability.

Volt’s CEO Chris Allison brings 17 years of experience from his role at Travelers Syndicate and prior to that worked at Aegis, Chubb and Allianz.

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Volt’s chief underwriting officer, Andrew Tokley, also served at Travelers Syndicate latterly and earlier had stints at Aegis, Chubb and Swiss Re. Kevin Cleary, the COO, most recently worked at Optio, serving in various senior roles.

Abi Benson from B.P. Marsh will now join Volt’s board.

B.P. Marsh chief investment officer Dan Topping said: “B.P. Marsh are pleased to be making this investment in Volt, founded by a seasoned and skilled 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 expertise in assisting specialist start-up underwriting agencies to develop and grow.”

In 2023, B.P. Marsh acquired a 35% interest in British MGA Verve Risk Services.