Shariah compliant insurance News

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 …

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 …