Company Overview

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.

GLOBAL LICENSING

Malakite's underwriting capacity is provided by StarStone Syndicate 1301 and other fully licensed Lloyd's syndicates.

FINANCIAL STRENGTH

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.

Our Team

Giles Hussey

Managing Partner / Founder

Giles Hussey first moved to Dubai in 2002 in order to focus on the Middle East region. Giles has been underwriting since 2008, and has a proven track record in Energy, Marine and Terrorism insurance. He started his extensive broking career as an energy specialist Lloyd’s broker. In addition to London and Dubai, Giles has worked in the South Africa, Australia and Singapore markets.

Tim Fillingham

Chairman

Tim Fillingham has served as Chairman of Malakite since its launch. Tim is also Chief Executive of StarStone Insurance SE, based in London, with responsibility for client relations. Prior to StarStone, Tim was Chairman of Global Energy for a global broker where his responsibilities included Middle East Energy business.

Simon Schnorr

Director

Simon Schnorr has served as Director of Malakite since its launch. He is also Global Head of Marine at StarStone, based in London. Simon was Chief Commercial Officer and Europe, Middle East and Africa Area Manager for Marine with a global broker, during which time he was based in Dubai for two years.

Our Name

Malakite takes its name from the precious stone, Malachite.

Some of the first malachite deposits mined were located in the Middle East over 4000 years ago. Material from such deposits has been used to produce copper, gemstones, sculptures, and pigments.

The malachite stone is said to protect the wearer from accidents and also acts as a protection for travelers.

Malachite has also been used to encourage success in business and protect against undesirable business associations. It is a stone of balance in relationships.