Navitas Assurance Partners

What Navitas Assurance Partners does

Navitas Assurance Partners is a Chicago-headquartered Managing General Underwriter (MGU) founded in 2022 that specializes in alternative assurance products for the North American energy value chain. The firm operates as an intermediary between energy market participants, qualified insurance brokers, and carrier partners with strong balance sheets, distributing exclusively through a 100% open broker market model. Its core product set comprises Energy Trade Credit Insurance (ETCI), which transfers counterparty default risk to insurance carriers, and Energy Assurance Surety, which provides off-balance-sheet credit enhancement as a liquid alternative to cash collateral and Letters of Credit. These are supplemented by Demand Bonds, Fronting Solutions, Cargo Trade Credit, and PPA Support.

The company structures bespoke programs priced at approximately 1% annualized on insured notional value, generating recurring premium-based revenue supplemented by MGU administration fees. Products are tailored across eight energy verticals: Producers, Marketers, Pipelines, Power, Processors, Refiners, Renewables, and Export/Commodity, addressing counterparty risk, balance sheet optimization, and liquidity expansion needs from commodity creation through consumption. Go-to-market relies entirely on insurance brokers, with the firm offering dedicated expertise, flexible structuring, and rapid turnaround to win placements from enterprise energy counterparties across the U.S. and Canada.

Navitas is led by Founder and Managing Director Jay Rose, who previously built and led the Euler Hermes Energy practice at Euler Hermes (an Allianz company) for over 16 years, where he created the first dedicated industry vertical in trade credit for energy. The senior team, including underwriting and risk executives sourced from Euler Hermes, AIG, Hess, and NRG, brings over 100 years of combined energy market and insurance experience. The company is privately held and founder-led, with no disclosed external investors or funding rounds, and operates with a headcount in the 11-50 range supported operationally by a partnership with Alliant.

Name

Navitas Assurance Partners

Legal name

Navitas Assurance Partners

Website

https://navitasassurance.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Navitas Assurance Partners is a Managing General Underwriter founded in 2022 that provides energy trade credit insurance and surety products to North American energy counterparties, distributing exclusively through qualified insurance brokers. The firm serves producers, marketers, pipelines, refiners, power, renewables, and export participants with bespoke off-balance-sheet credit solutions.

Ownership category

akta.pro rank

Product category

Specialty Insurance (Trade Credit and Surety)

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Commodity Contracts Intermediation (52316)

SIC

Insurance Agents, Brokers & Service (6411), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Credit Risk & Counterparty Management (EUAGAJAC)

akta.pro secondary industry

PPA Origination, Advisory & Contract Management (Negotiation, Credit, Settlements) (EUAGADAL)

Keywords

• Trade credit insurance
• Surety bonds
• Managing general underwriter
• Energy assurance
• Alternative assurance

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Energy Trade Credit Insurance Premiums: Insurance premiums for trade credit coverage protecting against counterparty default. Cost example: 1% annualized on insured notional value, typically embedded in trade values and blind to counterparty.
2. Energy Assurance Surety Bonds: Surety bond and guarantee products for collateral and assurance obligations. Three parties: principal, obligee/beneficiary, and surety. Premium-based revenue model.
3. MGU Administration Fees: Managing General Underwriter fees for structuring and administering alternative assurance programs between energy markets, brokers, and carrier partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Navitas Assurance Partners operates as a Managing General Underwriter (MGU) providing alternative assurance solutions for the energy sector, including Energy Trade Credit Insurance (ETCI) and Energy Assurance Surety bonds. The company acts as a conduit between energy market participants, broker partners, and insurance carrier partners, transferring credit and counterparty risk to carrier balance sheets to unlock liquidity for producers, marketers, pipelines, power, processors, refiners, renewables, and export/commodity participants. Products include off-balance-sheet credit enhancement, Letter of Credit fronting, demand bonds, cargo trade credit, and PPA support, distributed exclusively through qualified broker partners across the U.S. and Canada.

Product overview

Navitas Assurance Partners is a managing general underwriter (MGU) that operates as a unified platform offering energy-specific alternative assurance products. The portfolio centers on two core products—Energy Trade Credit Insurance (ETCI) and Energy Assurance Surety—both of which work together to clear credit risk by transferring obligations to insurance carrier balance sheets. These are complemented by specialized demand bonds, fronting solutions, and cargo trade credit coverage. The company then tailors its products across six distinct market segments: Producers, Marketers, Pipelines, Power, Processors, Refiners, and Renewables, each receiving sector-specific versions of the core ETCI and Surety offerings. The platform also extends to Export Commodity markets, providing a comprehensive value chain solution from creation to consumption.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Trade Credit Insurance (ETCI) Insurance product that transfers credit risk to insurance carriers who assume the obligation in the event of counterparty default, tapping into carrier resources supporting trillions in annual obligations to clear credit obligations for energy market participants.
• Energy Assurance Surety Off-balance-sheet, credit-enhanced commercial surety and guarantees specifically created for energy applications, offering liquid alternatives to cash posting and Letters of Credit. Involves three parties: principal, obligee/beneficiary, and surety (guarantor).
• Demand Bonds

Quantifiable outcome

• Billions in new liquidity delivered to energy markets through alternative assurance
• +2 more outcomes

Segments8 records

Ideal customer profiles9 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Infrastructure Partners (Alliant)minorImplementation/ SI/ Consulting Partner · 1 January 2022The company references 'Infrastructure Partners' with a logo link to alliant.com, suggesting a relationship with Alliant for operational infrastructure support services. Details of the partnership scope are not publicly disclosed.
• Insurance Carrier PartnerscoreOthersNavitas represents some of the strongest balance sheets in North America as an MGU. Carrier partners provide the financial capacity and underwriting support for alternative assurance products including energy trade credit insurance and surety bonds.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Allianz Trade (formerly Euler Hermes): Global #1 trade credit insurer and the firm where Navitas's founders built the energy vertical. Offers Energy-specific trade credit and surety capacity at global scale; Navitas positions itself as a specialist alternative to Allianz Trade's energy practice.
• Coface: Top-3 global trade credit insurer with energy and commodity underwriting capabilities. Direct competitor in the same trade-credit-insurance product category, including surety-adjacent offerings for large corporate counterparties.
• AIG Trade Credit: Major trade credit and surety provider where Navitas VP Michael Rapp previously held regional and product-line leadership. Competes head-to-head in energy trade credit and surety underwriting in North America.
• Liberty Mutual Surety: One of the largest North American commercial surety underwriters, including energy and midstream. A natural alternative capacity and direct competitor in the commercial surety book Navitas writes for energy clients.
• Travelers Surety: Major North American surety carrier with energy and pipeline accounts. Competes for the same contract-surety and PPA-related demand bonds that Navitas offers as Energy Assurance Surety.
• Tokio Marine HCC - Surety & Trade Credit: Specialty insurer with dedicated surety and trade credit teams serving energy and midstream clients. Direct competitor on commercial surety and trade credit for the same broker channel.

Broad incumbents

• Zurich North America Surety: Large global P&C and surety carrier with energy and construction surety offerings. Wider portfolio than Navitas but overlaps materially in energy and midstream surety underwriting.
• Chubb Surety: Global P&C carrier with a sizable surety and energy practice. Provides competing capacity on contract and commercial surety that Navitas places, particularly for larger energy and infrastructure accounts.

Others

• Swiss Re Corporate Solutions: Large global reinsurer and direct specialty insurer with energy and trade credit capabilities. Potentially a capacity provider to MGUs like Navitas, and a competitor for large energy surety and credit programs.

Emerging players

• Trisura Specialty Insurance: Specialty surety and insurance carrier that has built out energy and construction surety capabilities, often through broker and MGU partnerships. Comparable in size and growth profile to Navitas in the specialty energy surety space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/navitas-assurance-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 Navitas Assurance Partners