Login Register Subscribe
Current Issue


BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Sharia-compliant equine coverage launched at Lloyd's


XL Group P.L.C. and London-based managing general agency Cobalt Underwriting Services Ltd. have launched a Sharia-compliant equine coverage, XL said in a statement.

The policy, which is sold through Lloyd's of London, covers named perils, mortality, theft, infertility and permanent disability, XL said.

A spokeswoman for the company had no further information on the policy limits or premiums.

“Until now, owners, especially those of Arabian horses, have not had the opportunity to insure their treasured animals in a Sharia-compliant manner,” Guy Morrison, chief underwriting officer of equine at XL, said in the statement. “We hope this coverage will give owners the reassurance that their horses are well covered when participating and supporting the vibrant equine industry at events around the world.”