Cobalt Underwriting News

Cobalt Secures Major Property Portfolio for 90 North through Lockton

Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio placed by Lockton’s Real Estate and Construction practice (REAC). Lockton’s client, 90 North Real Estate Advisors LLP’s portfolio “includes high …

XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s

XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft, infertility and permanent disability, among other risks, XL said …

Willis Launches UK’s 1st Shariah Compliant Commercial Property Insurance

Willis Group Holdings announced that in “response to growing demand from property investors for insurance cover that is compliant with Islamic law it has launched the UK’s first Shariah compliant commercial real estate insurance.” Willis said the coverage “offers real …

QBE Agreement Provides Additional Capacity to Shariah Compliant Cobalt

Business insurance specialist, QBE announced from London that it has “become the second major re/insurer to provide capacity to the world’s first Shariah-compliant MGA, Cobalt Underwriting. “The agreement will allow Cobalt Underwriting to now offer clients $50 million of casualty …