Paratus Holdings Limited has today announced the launch of its insurance brokerage division, Paratus and Partners.

Led by Duncan Ross, the new division will focus on energy price risk insurance products in the maritime, freight, aviation and renewable power sectors. Duncan brings over 15 years of experience as a ship broker and fleet manager, with extensive knowledge in shipping operations and claims. His team includes Garwyn Lam, who has over 25 years of energy markets experience, and Kim Rosello, who has 26 years of experience in risk advisory and financial markets.

The new division will allow UK clients to access Paratus’ Guernsey re/insurance platforms.

Gus Majed, founder and CEO of Paratus, said: “The launch of Paratus and Partners is a critical milestone in our journey. It reflects our continued commitment to provide the best product knowledge and expertise to service clients in the renewable, aviation and maritime industries. Paratus and Partners will help solve clients’ challenges, with energy price risk policies that can have a transformative impact on their business and the environment, thereby driving the transition to sustainable fuels and renewable energy.”

Duncan Ross, managing director, Paratus and Partners, added: “Clients have increasingly high expectations from their insurance brokers and expect a level of expertise and knowledge. This trend is showing no signs of slowing down. Clients want an insurance broker who has an in depth understanding of the products, not just a salesperson. At Paratus and Partners, our aim is to build a strategic partnership with clients, so we can help them achieve their objectives.”