Cobalt Underwriting have been clients of Morning Data since 2014 shortly after their launch for its Shariah MGA activities. It was a great team collaboration with NOVUS able to support the processing requirements of the Shariah business. Now Cobalt is launching the first ever fully Shariah Syndicate, Cobalt 1438. Great news guys.
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London-based Cobalt Insurance and a unit of British outsourcing group Capita (CPI.L) said they have received "in principle" approval from Lloyd's of London to launch the specialist insurance market's first sharia-compliant syndicate.
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