B.P. Marsh invests £2.5m in Volt, an energy insurance co
B.P. Marsh has subscribed for a 25.5% Cumulative Preferred Ordinary shareholding in Volt, a London-based start-up Managing General Agency for up to £2.5m via both equity and a loan facility, which has been partially drawn upon completion.
Volt specialises in energy insurance with a clear focus on insuring property risks associated with power generation and midstream energy, in both the non-renewable and renewable sector.
Dan Topping, Chief Investment Officer of the Company, commenting on this investment, stated:-
“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 the short interview below, the team outline how the firm has consistently outpeformed the market