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The marine insurer said a volatile claims environment necessitated rate adjustments. -
The business recently struck a deal to be acquired by Aquiline.
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The Lloyd’s-backed war-on-land facility provides coverage where capacity remains scarce.
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The carrier plans to invest $500mn in capital to establish a presence in Bermuda.
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Simon Mason will continue to support the business through the upcoming reinsurance renewals.
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The business was founded last year by former Beazley underwriter Richard Young.
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Emma Woolley has held the marine role on an interim basis alongside running Talbot.
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Stephenson will start his new role in early 2026.
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Volt was launched in October 2024 to support clients through the energy transition.
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Willis Re kicked off its talent acquisition with mass hiring from Guy Carpenter over the summer.
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Beazley is one of the key leaders in the London marine marketplace.
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The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
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