Volt Underwriting has expanded into the ports & terminals insurance class, launching the new line under a binder led by Tokio Marine Kiln (TMK).
The managing general agent, which specialises in supporting clients in the energy sector, will deploy an initial line of US$15 million and underwrite a global portfolio covering both property and liability exposures.
The ports & terminals book will be underwritten by Chris Haines (pictured above), who is recognised in the London market for his experience in this risk class. Volt Underwriting’s entry into the sector is designed to complement its existing product suite and provide additional scale and balance for carriers.
Volt CEO Chris Allison noted that expanding the company’s product range has been a priority. “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.”
Volt's expansion into other segments comes at a time when the UK energy insurance market - which the MGA specialises in - is seeing significant developments in coverage for critical infrastructure. Other providers, such as Howden, have recently broadened their renewable energy insurance facilities, offering up to £150 million per declaration for wind, solar, battery, and hydro projects through a Lloyd’s-accredited platform.
Broader market forecasts also indicate that premiums for climate resilience and catastrophe protection could rise by as much as 50% by 2030, potentially reaching USUS$200–250 billion annually. This increase is being driven by the insurance industry’s adaptation to mounting climate-related losses and the growing need for risk transfer solutions.
The UK’s Climate Change Committee, in its 2025 annual report, also highlighted the insurance industry’s growing role in supporting the net zero transition. Insurers are increasingly providing solutions for emerging technologies such as carbon capture and nuclear fusion, helping to mitigate risks and encourage investment in decarbonisation projects.
