Cobalt confirms Lloyd's syndicate approval

Cobalt today confirmed it has received "in-principle"
approval for a Shariah-compliant Lloyd's syndicate, as revealed
by The Insurance Insider yesterday.
In a statement, Cobalt said Syndicate 1438 aims to begin
underwriting in the first quarter of 2017, with Capita providing
third-party managing agency services to the start-up.
The syndicate's initial emphasis will be on developing a
property- and specialty-focused book of commercial business from
emerging and developing markets throughout the M