Paratus
Insurance group focused on decarbonisation
- 1-20 employees
- B2B
- Enterprise
- Energy
- Sustainability
- Financial Services
- St. James's, London, UK
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Company mission
Focused on decarbonisation by accelerating the transition to renewable energy and sustainable fuels.
Our take
Paratus provides innovative risk management for the renewable energy sector. The company introduced the world's first energy and freight insurance policies and recently launched a unique renewable power price-risk insurance solution. This proprietary product protects producers and consumers from energy price volatility, offering superior outcomes and flexibility compared to traditional methods.
The company simplifies risk management with transparent, straightforward policies, eliminating the need for complex trading and costly hedging. Regulated by the Guernsey Financial Services Commission and partnering with Lloyd's underwriters, Paratus ensures enhanced financial security for its global clients.
A recent growth equity investment from Ara Partners will accelerate Paratus's expansion and scaling efforts. Known for its focus on decarbonisation, Ara Partners will support Paratus in advancing low and zero-carbon energy solutions, enhancing its impact and value to customers in the global energy transition.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Company Pension
- 25 days holiday
Leadership
Gus Majed
(Group CEO)Over 25 years as a proprietary oil trader with physical, derivatives and hedge fund experience. Previously worked at Shell, Vitol Group, and Hess Management.