Chris was appointed CEO StarStone International and Deputy Group CEO in April 2019. He joined the Board as Executive Chairman in August 2018 before assuming the newly created role of President in October 2018 to spearhead StarStone’s execution and operational capabilities. Prior to joining StarStone, he was Group CFO for MS Amlin plc, having joined as Director of Finance. He previously served as Commercial Director and CFO at NHBC and as Group Chief Accountant at RSA Group plc where he also held a number of regional CFO positions. A member of the Institute of Chartered Accountants in England and Wales, Chris holds a BA in Economics.
Dubai/ London: 23 January 2017: StarStone, the global specialty insurer and subsidiary of Enstar Group Limited, today announces a joint venture partnership with Malakite Underwriting Partners Limited (Malakite) a Managing General Agent in Dubai, subject to regulatory approval.
Led by Managing Partner Giles Hussey, Malakite will target specialty business in the MENA region and initially offer flexible multi-class insurance for energy, marine and property terrorism risks. Lloyd’s Syndicate 1301, managed by StarStone Underwriting Limited, will be Malakite’s lead capacity provider, with the remainder supplied by other participating Lloyd’s syndicates.
Hussey joins from Swiss Re with more than 14 years of experience in the Middle East, where he served as Head of MENA, Swiss Re Corporate Solutions. Before that Hussey was CEO, Middle East & Asia at Lancashire Insurance following an extensive broking career with JLT and Marsh.
Tim Fillingham, Chief Executive Officer of StarStone Insurance Services Limited, and Simon Schnorr, StarStone’s Global Head of Marine, will join the Board of Malakite, assuming the additional roles of Chairman and Director, respectively.
Fillingham said: “The competitive market has created a dynamic environment for flexible carriers with the ambition and expertise to build new businesses. With a MENA presence in Malakite, StarStone and its partners can swiftly deploy their capabilities across key growth markets while at the same time move closer to clients.
“Having the right people in place breeds success and Giles, with his impressive track-record and insurance acumen, brings local connections that will be instrumental in developing this new venture.”
Hussey added: “Giving clients access to flexible capacity, specialty expertise and locally-relevant solutions is a founding principle of Malakite. This, combined with the operational capability and financial strength of Lloyd’s, will provide clients in the region with the very best the market has to offer.”
Launched in 2016, Malakite is a multi-line Middle East and Africa-focused independent specialty insurance underwriting company, delivering a range of energy, marine and property terrorism solutions from its central hub in Dubai. Malakite benefits from the operational support of global specialty insurer, StarStone.