Creechurch announces details of first islamic syndicate
Creechurch Underwriting has officially announced the formation of the first Lloyd’s Syndicate to be managed in accordance with Islamic Shari’ah principles. Stephen Gargrave will be the Active Underwriter of Takaful Syndicate 3786, which will commence trading from January 1, 2006, with an initial underwriting capacity of £41m.
This initiative is the culmination of extensive research by Creechurch into the new opportunities being created in the emerging markets in the Middle East, Africa and Asia. Low insurance penetrationOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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