Paratus Reinforces Leadership Team as Growth Phase Begins with New Appointments

Paratus Strengthens Senior Leadership Team

Paratus, a company specializing in energy price risk insurance, recently announced significant appointments to its senior management. As the business prepares to embark on an exciting new phase of development, the leadership team has welcomed Alastair Vere Nicoll as the Chief Strategy Officer and Stuart Dee as the Chief Risk Officer. Both individuals come with substantial expertise in the energy sector and risk management, promising to play vital roles in shaping the future of Paratus.

The decision to appoint these seasoned professionals aligns with a period of rapid expansion for Paratus. Since the company secured its operating license and began underwriting renewable energy insurance in January 2025, it anticipates generating an impressive $100 million in gross premiums and fees by the conclusion of 2026. This rapid growth underscores the organization's reputation for effective management of energy price volatility through innovative insurance solutions.

Alastair Vere Nicoll brings a wealth of experience to Paratus. Before his appointment, he founded Berkeley Energy, focusing on the development and operation of renewable energy assets in emerging markets. Nicoll's background includes advising firms within the renewable energy space, which gives him firsthand understanding of the complexities involved in energy projects. As the Chief Strategy Officer, he will be pivotal in guiding Paratus’s strategic direction and expansion into new markets, particularly those with a substantial need for risk management solutions.

On the other hand, Stuart Dee joins Paratus after serving as Chief Risk Officer for BP's Supply, Trading, and Shipping business. Dee has an extensive track record in risk management and finance across global energy markets. His role will be crucial in fortifying Paratus’s risk management capabilities, enabling the company to fortify its service offerings as it ventures into new territories and sectors.

According to Gus Majed, Founder and CEO of Paratus,