Armour invests in Cobalt

Bermuda-based legacy specialist Armour Group has made a strategic
investment in Shariah-compliant (re)insurance provider Cobalt
Insurance Holdings, it was announced today (18 January).
The size of the investment was not disclosed. Armour joins
investors including Capita and the Bank of London and the Middle
East.
Cobalt has also appointed former Lloyd's chairman Max Taylor
as chairman of the board, while Armour management board member Sean
Dalton has been appointed as non-executive director.
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