Malakut

What Malakut does

Malakut is an independent global insurance and reinsurance broker founded in 1999, operating from 12 owned offices across Europe, the Middle East, Asia, and Latin America and employing approximately 200 professionals. The firm delivers multi-line insurance brokerage, reinsurance placement, and tailored employee benefits to large and mid-market corporate clients, with particular depth in aviation (one of the largest brokerage teams outside London, 25+ years of market experience), marine and energy, trade credit, surety bonds, M&A warranty and indemnity, and treaty reinsurance. Malakut is also a co-owner of the Worldwide Broker Network (WBN, 150+ member firms, $125B+ in premiums) and the exclusive insurance partner of the Commodity Trading Club, giving it transactional reach in 100+ countries and access to 300+ insurers and reinsurers including Lloyd's underwriters.

The business model is professional-services and commission-based: Malakut earns placement fees and ongoing commissions by acting as an intermediary between corporate clients seeking coverage and insurers/reinsurers providing policies, with pricing tailored to individual client risk profiles rather than publicly disclosed rates. The firm is regulated by the Central Bank of the UAE (license 241) and the UK Financial Conduct Authority (reference 1041131), and emphasizes its independence from large-corporation or private-equity ownership as a core positioning pillar. Service delivery is multilingual (14+ languages), sales-led through its office network, and supported by referral channels including WBN member firms and the Commodity Trading Club community, with the GLOBAL FAC facility (a Global Reinsurance Placement Belt across Kuala Lumpur, Dubai, and Panama) as a differentiated placement product.

Customer reach spans 1,700+ corporate clients and 2,500+ annual reinsurance placements across sectors including aviation, telecom, energy, construction, manufacturing, finance, healthcare, real estate, agriculture, transportation, and commodity trading. Distribution relies on a direct enterprise field-sales motion through regional offices, complemented by the WBN network for cross-border transactions and specialty partnerships (e.g., CTC) for verticalized lead generation; there is no disclosed digital self-serve channel, app, or API surface, and the technology layer is a conventional brokerage platform rather than a software product.

Name

Malakut

Legal name

Malakut Insurance Brokers

Website

https://malakut.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

Malakut is an independent global insurance and reinsurance broker founded in 1999, operating 12 offices across EMEA, Asia, and LATAM to serve large and mid-market corporate clients in aviation, marine, energy, trade credit, surety, and treaty reinsurance.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Reinsurance Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Specialty Lines Reinsurance Brokerage (e.g., marine, aviation, cyber, surety) (FSAOAHAE), Specialty Lines Treaty Reinsurance (e.g., marine, aviation, cyber, energy, surety) (FSAOAEAF)

Keywords

• Insurance brokerage services
• Reinsurance solutions
• Corporate risk management
• Aviation insurance
• Trade credit insurance

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Brokerage Commissions: Malakut earns commissions from insurance companies for placing business on their behalf. The firm acts as an intermediary between corporate clients seeking coverage and insurers providing policies. Revenue is generated through placement fees and ongoing commission arrangements across multiple insurance lines including marine, aviation, property, casualty, reinsurance, employee benefits, and specialty lines.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Malakut is an independent global insurance and reinsurance broker that places corporate risks with insurers and reinsurers across multiple lines including Marine, Aviation, Employee Benefits, Surety Bonds, Financial & Professional Lines, Property & Casualty, Trade Credit, M&A (Warranty & Indemnity), and Treaty Reinsurance. The firm serves 1,700+ large and mid-market corporate clients through 12 offices in Europe, the Middle East, Asia, and Latin America, working daily with 300+ insurers and reinsurers. The company also delivers specialty products for the Commodity Trading Club and operates a Global Reinsurance Placement Belt (GLOBAL FAC) capable of binding $20M in A-rated follow capacity within 48 hours.

Product overview

Malakut is an independent insurance broker offering a comprehensive portfolio of insurance and reinsurance services. The company operates as a multi-line brokerage platform covering Marine, Aviation, Employee Benefits, Surety Bonds, Financial & Professional Lines, Property & Casualty, Specialty (Trade Credit and M&A), and Treaty Reinsurance. The core offering includes specialized Aviation insurance with one of the largest brokerage teams outside London, Trade Credit Insurance serving over 300 clients, M&A Insurance (W&I) for transaction protection, and Treaty Reinsurance placement services through a global network. Specialty products for Commodity Trading Club members include Marine Cargo with war coverage, Trade Credit, and Property/Stock throughput insurance. The services are delivered through 12 global offices across Middle East, Europe, and Asia-Pacific.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Insurance Marine insurance covering hull, Protection & Indemnity (P&I), and cargo risks for maritime operations, for corporate clients in the shipping and trade sectors.
• Aviation Insurance Comprehensive aviation coverage including hull and liability, war risks, and airports and ground handlers liability. Malakut operates one of the largest aviation insurance brokerage teams outside London, with over 25 years of expertise.
• Employee Benefits Tailored employee benefits for corporate clients, including group medical insurance, group life and personal accident, international medical and evacuation, and private clients solutions.
• Surety Bonds All types of surety bonds serving as an alternative to traditional bank guarantees, across construction, engineering, manufacturing, and international projects.
• Financial & Professional Lines Coverage including Directors & Officers Liability, Professional Liability, Financial Institutions, and Cyber insurance, for corporate clients.
• Property & Casualty Insurance Comprehensive property and casualty coverage including property and liability, construction and engineering, terrorism and political violence, product liability and recall, and workers' compensation.
• Trade Credit Insurance Insurance solutions protecting receivables, including Whole Turnover Insurance, Multi-buyer/Key-buyer Insurance, Single-buyer Insurance, and Top-up Cover Insurance. With over 300 clients, the practice helps protect cash flow and manage credit risks for corporate clients, especially commodity traders.
• M&A Insurance (Warranty & Indemnity) Tailored insurance for mergers and acquisitions transactions covering unknown risks (W&I insurance) and identified contingent risks such as tax, litigation, and cyber. Includes technical due diligence services.
• Treaty Reinsurance Design and placement of proportional and non-proportional reinsurance treaties for insurance companies and producing brokers, including niche classes like Trade Credit and Aviation.
• Global Reinsurance Placement Belt (GLOBAL FAC) A global reinsurance placement belt formed by regional hubs in Kuala Lumpur, Dubai, and Panama, capable of finding and binding $20 million in A-rated follow capacity within 48 hours across most classes.
• Commodity Trading Club Insurance Package A bundled insurance offering for Commodity Trading Club members including Marine Cargo (with War and Strikes Coverage), Trade Credit / Receivables Non-Payment, Political Risk Insurance, and Property and Stock Throughput Insurance covering inventory in storage, at third-party warehouses, and during processing.

Quantifiable outcome

• Ability to find $20 million in A-rated follow capacity within 48 hours
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and core.

• WBN (Worldwide Broker Network)flagshipStrategic or Co-development PartnerMalakut is a co-owner of WBN, the largest independent broker network in the world with over 150 member firms. WBN has premiums totalling more than $125 billion globally. The network designs and executes global insurance and benefits programs for large and complex organizations. Through WBN, Malakut has the capability to advise and transact in over 100 countries.
• Commodity Trading ClubcoreGTM or Marketing PartnerMalakut is an exclusive insurance partner of the Commodity Trading Club in the Middle East, which is the world's largest commodities community. Malakut provides specialized products for Commodity Trading Club Members including Marine Cargo, War Coverage, Trade Credit, Political Risk Insurance, Property and Stock coverage.

Scale indicators13 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• TigerRisk Partners: TigerRisk is a specialty reinsurance and insurance broker focused on aviation, marine, energy, and treaty placements. Overlaps significantly with Malakut's specialty lines and treaty reinsurance franchise.
• Acrisure: Acrisure is a rapidly growing specialty insurance and reinsurance broker built on roll-up M&A, with strong specialty and reinsurance practices. Competes with Malakut on specialty placements, though its capital structure is private equity-backed.
• Guy Carpenter: Guy Carpenter is the world's largest dedicated reinsurance intermediary (part of Marsh McLennan) and a direct competitor on the treaty and facultative reinsurance placements that form a core part of Malakut's offering.
• Howden Group: Howden is one of the world's largest independent insurance and reinsurance brokers with specialty practices across aviation, marine, energy, and treaty. Independent ownership profile and specialty focus make it the closest structural parallel to Malakut.
• Lockton: Lockton is the world's largest privately held insurance broker, with strong specialty practices in aviation, marine, and energy, and an independent ownership model very similar to Malakut's positioning.
• BMS Group: BMS is an independent specialty insurance and reinsurance broker with strong aviation, marine, and treaty practices. Highly comparable in scale and specialty focus to Malakut, and similarly independent in ownership.
• Arthur J. Gallagher & Co. (AJG): Gallagher is a major global insurance brokerage and risk management firm with strong specialty practices in aviation, marine, energy, and trade credit, and a large multinational client base. It directly competes with Malakut on large corporate placements.

Broad incumbents

• Aon: Aon is one of the two largest global insurance and reinsurance brokers, with deep specialty practice capabilities in aviation, marine, energy, trade credit, and treaty placement. Competes head-to-head with Malakut on multinational mandates.
• Marsh: Marsh is the world's largest insurance broker and a subsidiary of Marsh McLennan, offering broad specialty, reinsurance, and multinational corporate brokerage. Overlaps with Malakut across aviation, marine, energy, and treaty reinsurance, but operates at vastly larger scale.
• Willis Towers Watson (WTW): WTW is a major global insurance and reinsurance broker with established specialty and treaty reinsurance capabilities. Direct competitor on large corporate placements and risk advisory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/malakut-insurance-brokers

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malakut