Shariah MGA Cobalt exploring Lloyd's start-up

Capita-backed managing general agent (MGA) Cobalt has started
internal work on a Lloyd's start-up that could come to fruition
in 2017 or 2018, The Insurance Insider
can reveal.
It is understood that Cobalt, working with Capita's turnkey
business, has held initial discussions with Lloyd's, which is
sympathetic in principle to considering its application.
The Shariah-compliant multi-line MGA is still in the early
stages of its preparations and could yet decide to drop the project
without embarking