Cobalt gets green light from Lloyd's

Shariah-compliant managing general agency Cobalt has been granted
in-principle approval to launch a full syndicate at Lloyd's,
The Insurance Insider can reveal.
Sources told this publication that Cobalt syndicate 1438 had
been given the green light by Lloyd's at a meeting of the
Franchise Board this morning.
The proposed syndicate, which will be managed by third-party
managing agency Capita, will look to launch as soon as it can
successfully navigate the so-called "Making It Happen"
phase.
Howev