April 27 2018 AXA Insurance and Cobalt Underwriting have joined hands to create a new insurance product for the real estate sector, which will be Shariah-compliant. To be distributed through brokers, the newly launched policy is an add on to AXA’s existing real estate offering. AXA said that it has created a new premium payment […]
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Cobalt launch new Political Violence Facility
London 1 February 2016 – Cobalt Underwriting has launched a new political violence product backed by Chaucer. Cobalt, the London market’s only Shariah compliant underwriting agency, will offer the product with Lloyd’s capacity provided by Syndicate 2084, the Shariah compliant component of Chaucer Syndicate 1084. Richard Bishop CEO of Cobalt said, “Political violence is a […]
Armour Investment takes Cobalt Underwriting to the Next Level
London, 18th January 2016 – Cobalt Insurance Holdings Ltd, London’s pre-eminent provider of Shariah compliant insurance and reinsurance is pleased to announce a strategic investment by Armour Group Holdings Limited, the Bermuda based diversified insurance group. The strategy of Bermuda based Armour focuses on niche operations in the re/insurance and asset management sectors. Armour was […]
Cobalt Insurer of Preference for UK’s first commercial Nationally Significant Infrastructure Project
London 21 August 2015 Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the UK’s first commercial Nationally Significant Infrastructure Project, the proposed London Paramount Entertainment Resort in Kent. The Paramount Studios backed project that is set to transform the Swanscombe peninsula, near Ebbsfleet, has been valued at £3 billion. Under […]
Cobalt Secures Major Property Portfolio for 90 North through Lockton
London 15th July 2015 – Cobalt Underwriting the London insurance market’s first Shariah compliant underwriting agency has 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 (‘90 North’) portfolio includes high class student accommodation, warehousing, offices and retail space […]
AIG announces partnership with Cobalt Underwriting
AIG announces partnership with Cobalt Underwriting 23 October 2014– AIG today announced its partnership with Cobalt Underwriting to market Shariah compliant commercial insurance across a broad range of risks worldwide. AIG’s participation will enable Cobalt to provide increased capacity in Property, Casualty and Financial Lines and in addition offer new capacity for Energy and Marine. […]
XL Group Extends Shariah Compliant Capacity to Fine Art & Specie
London, UK – September 8, 2014 – XL Group today announced that it has further extended its support for specialist Shariah compliant managing general agency, Cobalt Underwriting, by adding Fine Art & Specie coverage to its suite of products which includes Property, Construction and Financial Lines. The coverage, which spans precious metals, cash, fine art […]
Cobalt add Financial Lines Capacity from XL Group
London, UK – July 1, 2014 – XL Group has today announced that it has extended its support for specialist Shariah compliant managing general agency, Cobalt Underwriting, with cover for Financial Lines products spanning Financial Institutions, Professional Indemnity and Management Liability. XL Group’s insurance operations have been providing Shariah compliant cover for property and construction […]
Willis to launch first Cobalt backed bespoke Shariah-compliant Real Estate Solution
Willis, in conjunction with Cobalt Underwriting, is launching the U.K.’s first Shariah compliant commercial Real Estate insurance solution. Join us for the launch, where you can find out more and hear from a panel of leading experts on: Current investment trends and the need for a Shariah compliant real estate solution as part of a wider Shariah compliant investment […]
QBE agreement delivers major capacity boost
London 28th March 2014 QBE agreement delivers major capacity boost for Cobalt Underwriting London, 28 March 2014 – Business insurance specialist, QBE 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 capacity and […]