08.05.2013 - Capita and XL back Lloyd's-based Shariah-compliant start-up
A Shariah-compliant underwriting agency has been launched in the London market with the financial backing of Capita and the Bank of London & Middle East, and capacity provided by XL. Lloyd's-based Cobalt Underwriting aims to provide Shariah-compliant insurance and reinsurance products globally. Its initial underwriting focus will be on property cover, with a maximum capacity of up to $300m (193.2m). The products will be offered on a worldwide basis with the exception of the US and Canada...............................................Full Article: Source
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