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.
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.