Launched in 2016, Malakite Underwriting Partners Ltd (‘Malakite’) is a multi-line, Middle East and Africa-focused, specialty insurance underwriting company, delivering innovative solutions for the Energy, Marine and Property Terrorism sectors.
We provide brokers and cedants with locally-relevant specialty capacity, products and service from our Dubai office. Our approach is built around long-standing personal business relationships, deep market experience and entrepreneurship.
Malakite enjoys full operational support from our parent company, the global specialty insurer, StarStone. Combined with Lloyd's security, Malakite is a nimble, flexible and opportunistic underwriting company that seeks to offer unrivalled service and insight.
Malakite is a Lloyd’s Cover Holder backed by Lloyd’s syndicates and is regulated by the Dubai Financial Services Authority.
Malakite's underwriting capacity is provided by StarStone Syndicate 1301 and other fully licensed Lloyd's syndicates.
Malakite has delegated authority from Lloyd's syndicates and operates within the Lloyd’s overall rating of Standard & Poor’s ‘A+’ (strong) and A. M. Best ‘A’ (excellent), and is backed by Lloyd’s Chain of Security.