Lloyd's start-up Cobalt in advanced sale talks

Delayed shariah-compliant Lloyd's start-up Cobalt is in
advanced sale talks with National Standard Finance, an
infrastructure and debt investor based in Sandy Springs, Georgia,
The Insurance Insider can reveal.
Sources said that the two sides were targeting the signing of a
deal by the end of the month.
The business is currently owned by management, third-party
managing agent Capita, legacy carrier Armour Holdings and the Bank
of London and the Middle East.
Banking sources said that National Sta