Cobalt gets Lloyd's go ahead on Shariah compliant syndicate
Cobalt is to launch Lloyd’s first fully Shariah compliant syndicate, having received 'in principle' approval from the Lloyd's Franchise Board.
The proposed syndicate, which will be managed by third-party managing agency Capita, plans to begin underwriting in early 2017.
Once it achieves full approval the syndicate will be named Cobalt
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