Paratus Group

What Paratus Group does

Paratus Group, founded in 2020 and headquartered in St. Peter Port, Guernsey, is the world's first (re)insurance group dedicated to underwriting energy price risk. The company offers four core insurance products: Renewable Power Price-Risk Insurance, Aviation Jet Fuel Price-Risk Insurance, Maritime Marine Fuel Price-Risk Insurance, and Freight Rate Price-Risk Insurance. These policies protect energy producers, airlines, shipowners, and freight counterparties from adverse price movements to a defined level over a specified period and capacity, while preserving upside if prices move favourably — distinguishing them from traditional hedging instruments such as swaps, freight forward agreements, and zero-cost collars, which carry margin calls and credit charges. Risk is transferred to Underwriters at Lloyd's of London, rated AA- by S&P and AA- by Fitch, with the group's three insurance entities licensed and regulated by the Guernsey Financial Services Commission to underwrite general business.

The company generates revenue through fixed insurance premiums paid upfront at policy inception, distributed primarily via Paratus & Partners — an FCA-regulated insurance brokerage (Firm Reference Number 955298) launched in April 2024 — together with direct enterprise sales and broker networks including the Ardonagh Group. Underwriting is driven by proprietary actuarial and asset-analytics models developed in-house by a quantitative team with hedge fund and energy trading backgrounds. A September 2024 strategic partnership with px Group, a licensed Ofgem supply business, extends the offering into power balancing, physical offtake, and 24/7 monitoring, positioning Paratus as an integrated risk and asset-management provider for renewable power producers.

Paratus is backed by Ara Partners, a $6.6 billion global private equity and infrastructure firm focused on industrial decarbonisation, following a growth equity investment completed in January 2024 that enabled commercial expansion and the launch of the renewable power vertical. The company's strategic positioning aligns insurance innovation with the energy transition, addressing a structural market gap in price risk management for renewable energy generators and decarbonisation-focused industries. Recent commercial validation includes a world-first strategic partnership with Low Carbon, a B-Corporation independent power producer, announced in April 2025. The group operates from Guernsey (headquarters and insurance operations) and London (commercial and client engagement), with 501-1,000 employees as of the most recent disclosed headcount.

Name

Paratus Group

Legal name

Paratus Holdings Limited

Website

https://paratusltd.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Paratus Group is the world's first (re)insurance group underwriting energy price risk, offering insurance for renewable power, aviation jet fuel, maritime fuel, and freight rate volatility. It serves enterprise energy producers, airlines, shipowners, and freight counterparties via Lloyd's of London.

Ownership category

akta.pro rank

Product category

Specialty Reinsurance (Energy Price Risk)

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Aviation Liability Insurance (Passenger & Third-Party) (FSAJAHAD)

akta.pro secondary industry

Umbrella & Excess Liability (Fleet/Transportation) (TLABANAG)

Keywords

• Energy price risk insurance
• Renewable power insurance
• Marine fuel insurance
• Aviation fuel insurance
• Specialty reinsurance underwriting

Headquarters

HQ city

St. Peter Port

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Energy Price Risk Insurance Premiums: Paratus earns revenue through insurance premiums charged to clients in renewable energy, aviation, maritime, and freight sectors for price-risk protection. Premiums are fixed and paid at the start of the policy period. The company transfers risk to Underwriters at Lloyd's (rated AA- by S&P and AA- by Fitch). Premiums may be tax-deductible depending on the client's tax jurisdiction.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Paratus underwrites and distributes bespoke insurance policies that transfer energy price risk away from renewable power generators and consumers, commercial airlines, shipowners, and freight counterparties. Fixed premiums are priced using proprietary actuarial models, risk is ceded to AA- rated Lloyd's of London underwriters, and policies are sold either directly or via the FCA-regulated brokerage arm Paratus & Partners. The group also operates licensed insurance cells (Paratus Renewables Insurance, Paratus Aviation Insurance, Paratus Maritime Insurance) regulated by the Guernsey Financial Services Commission.

Product overview

Paratus Group operates as an energy markets expert providing pioneering insurance solutions to protect industry from adverse energy price volatility. The core product portfolio consists of four distinct insurance offerings: Renewable Power Price-Risk Insurance (protecting renewable energy producers and consumers), Aviation Insurance (jet fuel price protection for airlines), Maritime Insurance (marine fuel price protection for ship owners), and Freight Insurance (freight rate protection). The Group also operates Paratus & Partners, an FCA-regulated insurance brokerage division that distributes these products. A strategic partnership with px Group enables power balancing and physical offtake services. In 2025, Paratus Group expanded into telecommunications with Paratus 500, a pan-African connectivity network spanning 15 countries. The company is backed by Ara Partners and underwritten by Lloyd's of London.

Differentiator

Problem solved

Functional benefit

Brands

• Paratus & Partners: FCA-regulated insurance brokerage division specializing in energy price risk insurance products for maritime, freight, aviation and renewable power sectors
• Paratus Renewables Insurance
• Paratus Maritime Insurance
• Paratus Aviation Insurance

Products and services

• Renewable Power Price-Risk Insurance Insurance policy that protects renewable energy generators and consumers against adverse power price movements to a set level over a specified period and defined capacity, while preserving merchant upside. Underwritten by Lloyd's of London (AA-) and licensed by the Guernsey Financial Services Commission.
• Aviation Jet Fuel Price-Risk Insurance Insurance policy protecting owners and operators of commercial aircraft against an increase in jet fuel price beyond a set level over a defined period and volume. Designed to eliminate margin calls and credit charges typical of derivative hedges.
• Maritime Fuel Price-Risk Insurance Insurance policy available to all owners and operators of IMO registered vessels, protecting the insured against an increase in marine fuel price beyond a set level over a defined period and volume. Marine fuel can represent up to 50-60% of total ship operating costs.
• Freight Rate Price-Risk Insurance Insurance policy available to parties long and short on freight utilising IMO registered vessels, protecting the insured against adverse movement in freight rate beyond a set level over a defined period and freight size.
• Paratus & Partners Insurance Brokerage FCA-regulated insurance brokerage offering energy price risk broking expertise to clients in maritime, freight, aviation, and renewable power sectors, distributing Paratus' specialty insurance products to UK and international clients.

Quantifiable outcome

• Policies pay within 10 days of validated proof of loss
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered flagship, core, supporting and minor.

• Low CarbonflagshipStrategic or Co-development Partner · 8 April 2025Low Carbon is a leading renewable energy company and Independent Power Producer (IPP), certified B-Corporation recognised for environmental impact. The world-first strategic partnership commercialises Paratus' renewable power price-risk insurance to protect revenues across Low Carbon's portfolio. The partnership enhances PPA and route-to-market strategies, delivering tailored solutions to mitigate exposure to adverse power price movements while stabilising revenue streams.
• px GroupcoreStrategic or Co-development Partner · 25 September 2024px Group is a fully integrated infrastructure solutions business delivering innovative management services for high hazard and regulated environments. It manages major industrial facilities in the UK and Norway, and owns the Saltend Chemicals Park. As a fully licensed Ofgem supply business, px Group provides power balancing capabilities that enable Paratus to offer physical offtake and 24/7 monitoring services alongside its insurance policies.
• Robus Risk Services (Guernsey) LimitedsupportingOthersRobus Risk Services (Guernsey) Limited is registered in Guernsey under Registration No. 73669 and is part of the Paratus Group of Companies. SRS (Strategic Risk Solutions) is described as the world's largest independent insurance company manager with over 25 years of experience providing management and consulting services to insurance entities.
• IATAminorStrategic or Co-development PartnerThe International Air Transport Association (IATA) is the trade association for the world's airlines, representing approximately 330 airlines over 80% of global air traffic. Paratus is partnered with IATA to support the aviation industry in managing jet fuel price risk.
• Marine Fuels AllianceminorStrategic or Co-development PartnerThe Marine Fuels Alliance is an independent network of members providing guidance and information through collaboration in the marine fuels sector. Paratus is a member, supporting its maritime fuel insurance solutions.
• UK Transition Finance CouncilminorStrategic or Co-development PartnerThe Transition Finance Council was co-launched by the City of London Corporation and HM Government to drive forward the roadmap for transition finance and establish the UK as a global hub for transition finance. Paratus participates as a member.
• UN Environment Programme Finance InitiativeminorStrategic or Co-development PartnerUNEP Principles for Sustainable Insurance (PSI) Initiative is a global framework for the insurance industry to address ESG risks and opportunities. Paratus is associated with UNEP FI PSI as part of its sustainable finance commitments.
• Ardonagh GroupminorChannel Partner/ Reseller/ DistributorThe Ardonagh Group is the UK's largest independent insurance distribution platform and a top 20 broker globally, with over 150 locations and 9,000+ workforce. As a partner, Ardonagh distributes Paratus insurance products through its network.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Lancashire Holdings: Lancashire Holdings is a specialty insurance and reinsurance group focused on aviation, marine, energy and property lines. It is a direct peer in specialty carrier underwriting with overlapping product lines (aviation, marine, energy), though it is a more mature, Bermuda-listed operation.
• Aspen Underwriting: Aspen is a specialty insurance and reinsurance carrier with material aviation, marine, and energy exposures. It is a direct peer in specialty underwriting with overlapping line-of-business coverage, though Aspen is more diversified across casualty and other specialty lines.
• Ardonagh Group: Ardonagh is the UK's largest independent insurance distribution platform and a top 20 global broker, with 150+ locations and 9,000+ employees. It is a direct distribution peer/partner of Paratus, distributing Paratus products through its network and serving the same UK enterprise clients.
• Beazley plc: Beazley is a specialist Lloyd's-aligned insurer with energy, marine, and aviation lines. It is a direct peer in specialty underwriting, and a former employer of Paratus' Global Head of Insurance (Anthony Southern).

Broad incumbents

• Aon plc: Aon is one of the world's largest insurance brokers with a deep energy, marine and aviation practice. It is comparable as a distribution and risk-advisory incumbent that intermediates similar specialty lines and serves overlapping client segments (renewable developers, airlines, shipowners).
• Swiss Re: Swiss Re is a leading global reinsurer with dedicated energy, marine, and aviation practices and a strong focus on sustainability and the energy transition. It is comparable as a broad incumbent reinsurer that writes similar underlying lines (aviation, marine, energy), but its portfolio spans the full P&C and life spectrum rather than specialising in price-risk.
• Marsh McLennan: Marsh (a Marsh McLennan company) is a global insurance broker and risk advisor with strong energy and specialty practices. Comparable to Paratus as a large incumbent broker serving similar enterprise clients (renewable IPPs, airlines, shipowners) for complex and specialty risk placements.
• Munich Re: Munich Re is one of the world's largest reinsurers and a major underwriter of energy, aviation, and marine risks. It is comparable as a broad incumbent with overlapping capabilities in energy risk transfer and specialty insurance, though it operates as a diversified giant rather than a specialist in price-risk insurance.

Emerging players

• Nephila Capital: Nephila Capital is a pioneer in insurance-linked securities and weather/climate risk transfer, with growing exposure to renewable energy risks. It is an emerging peer in alternative risk transfer for energy and climate-related exposures, providing a comparable model of capital-markets-backed specialty risk underwriting.
• Descartes Underwriting: Descartes Underwriting is a parametric insurance specialist serving corporates against natural catastrophe and weather risks, increasingly active in the energy transition space. It is an emerging peer in innovative, technology-led specialty insurance serving similar enterprise risk-transfer needs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paratus Group