Cobalt Insurance Holdings Ltd. and Capita Managing Agency Ltd. (CMA) have announced they have taken a significant step in the launch of Lloyd’s first fully Shariah compliant syndicate after receiving “in principle” approval from Lloyd’s Franchise Board. Cobalt Founder Richard …
Cobalt Insurance Holdings Ltd., the London-based provider of Shariah compliant insurance and reinsurance has announced a strategic investment by Armour Group Holdings Ltd., the Bermuda-based diversified insurance group. Financial considerations were not disclosed. The strategy of Bermuda-based Armour focuses on …
Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the Paramount Studios-backed project is set to transform the Swanscombe …
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 …
Malaysia’s Islamic insurers are seeking to double policyholders in five years by investing more in digital technologies to attract a younger audience, according to the industry association’s head. Takaful operators should also step up educational campaigns to boost customers to …
Islamic business leaders have been told London has the ability to deliver highly rated re/insurance capacity to meet their desire to have risks covered in a Shariah compliant way. Speaking at the 9th World Islamic Economic Forum Cobalt Underwriting’s CEO …
