In this paper we will discuss some features of the bi-Hamiltonian method for solving the Hamilton-Jacobi (H-J) equations by Separation of Variables, and make contact with the theory of Algebraic Complete Integrability and, specifically, with the Veselov–Novikov notion of algebro-geometric (AG) Poisson brackets. The bi-Hamiltonian method for separating the Hamilton-Jacobi equations is based on the notion of pencil of Poisson brackets and on the Gel’fand-Zakharevich (GZ) approach to integrable systems. We will herewith show how, quite naturally, GZ systems may give rise to AG Poisson brackets, together with specific recipes to solve the H-J equations. We will then show how this setting works by framing results by Veselov and Pensko¨o about the algebraic integrability of the Volterra lattice within the bi-Hamiltonian setting for Separation of Variables