Managing general agent Volt Underwriting has entered into the ports and terminals insurance class under a binder led by Tokio Marine Kiln. Chris Haines will underwrite an initial line of $15m covering global property and liability exposures.

Richard Hooks, departmental head of marine and energy at Tokio Marine Kiln, said: “We are excited to back Volt’s entry into ports and terminals. We appreciate Volt’s experience and their lean London market approach, and we look forward to leading the binder and managing the consortium behind it.”

Haines added: “Since I joined Volt, it’s been a great opportunity to build our product and engage with carriers and brokers on the optimum way to bring Volt’s new ports and terminal offering to the market. I am looking forward to getting down to business, and excited to part of the Volt growth story.”

Volt said the new line of business was the first of many new product launches it had in the pipeline.