Cobalt provides first Islamic M&A insurance with AIG

Cobalt Underwriting has underwritten the first Islamic merger and
acquisition insurance policy, as the MGA seeks to position itself
as the main supplier of the Shariah-compliant coverage in London.
AIG provided the capacity for the warranty and indemnity product,
the US P&C giant said in a statement on 13 September. The
product was structured with help from lawyers with Norton Rose
Fulbright in Dubai.
Islamic insurance requires that premiums are not placed into
interest-generating accounts a