Reinsurance News

QBE launches cyber offering in Middle East, hires Marsh’s Sarah Hamlat to lead

18th September 2023 - Author: Jack Willard

Primary insurer QBE has announced that it has launched a cyber offering in the Middle East as part of its global cyber growth strategy.

qbe-logoAccording to the firm, the new offering forms part of QBE’s International Markets portfolio.

At the same time, QBE has appointed Sarah Hamlat as Senior Cyber Underwriter to lead the portfolio in the region.

She joins the firm from leading insurance broker and risk advisor, Marsh, where she spent more than six years serving as a Cyber Broker based in Paris, before joining the Dubai office as Regional Cyber Growth Leader.

Prior to Marsh, Hamlat worked at global advisory & broking firm WTW for more than two years, where she served as a Financial Lines & Cyber Broker.

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Moreover, in her new role, QBE has confirmed that Hamlat will be responsible for driving profitable cyber growth in Middle East and Africa.

She will report to Rachel Perry – Head of Third-Party Lines, QBE Middle East and will be based in Dubai.

“In line with QBE’s significant global cyber growth, QBE Middle East has taken the path of strengthening its local offering with a dedicated cyber resource. The cyber product will complement our Financial Lines offering to meet the needs of our customers,” commented Abdallah Balbeisi, Senior Executive Officer, Head of MEA, QBE.

“Sarah is highly regarded in the cyber market and the region for her technical knowledge and strong relationships. We very much look forward to welcoming her to the team, where she will be a great addition to our offering in the MEA region,” said Rachel Perry, Head of Third-Party Lines, QBE Middle East.

In their results for the first-half of 2023, QBE announced net profit after tax of $400 million, a substantial performance compared with $48 million from the same six-month period last year.

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