Ara Partners, a global private equity firm, agreed to invest in Paratus, an insurance group. Financial terms were not disclosed. "While the energy transition presents significant opportunities, complex risk management challenges remain for producers and consumers of renewable energy and transition fuels.Paratus began with a simple belief that there must be a better way for industry to protect against energy price volatility. Our proprietary insurance-based risk management product materially improves returns compared to traditional alternatives," Gus Majed, Paratus CEO & Founder.