QBE, a leading primary insurer with a broad international footprint, has revealed its newest endeavour – a cyber offering in the Middle East.
This latest move is aimed at expanding QBE’s International Markets portfolio and is a critical step in the firm’s global cyber growth strategy.
Specialising in a range of insurance and risk management solutions, QBE has made a mark for itself across the globe. With operations in several countries, it offers customised solutions spanning from commercial to personal insurance services.
The new cyber offering aims to fortify QBE’s Financial Lines suite by meeting the cybersecurity needs of businesses in the Middle East and Africa. Led by newly appointed Senior Cyber Underwriter Sarah Hamlat, this offering promises to be a significant local resource for cyber risk mitigation.
Sarah Hamlat, joining QBE from insurance broker and risk advisor firm Marsh, will lead the portfolio in the region. She has over six years of experience as a Cyber Broker at Marsh, making her an ideal fit for propelling QBE’s cyber initiatives in the Middle East and Africa.
Sarah Hamlat will report to Rachel Perry, Head of Third-Party Lines, QBE Middle East and will be based in Dubai. In the firm’s first-half results for 2023, the company posted a net profit after tax of $400m, a notable improvement over the $48m for the same period last year.
Senior Executive Officer, Head of MEA, QBE, Abdallah Balbeisi commented, “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.”
Rachel Perry, Head of Third-Party Lines, QBE Middle East, said, “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.”
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