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25 February 2018

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Cobalt-National Standard talks break down

Adam McNestrie 7 November 2017

Takeover talks between infrastructure investor National Standard Finance and Shariah-compliant Lloyd's start-up Cobalt have ended without an agreement being reached, The Insurance Insider understands.

The investment firm, which is based in Sandy Springs, Georgia, had been in talks with Cobalt for a number of months over a deal to acquire almost all of the business.

Sources said that Cobalt has entered talks with more than one other party as it seeks the working and underwriting capital it needs to commence...

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This article was published as part of issue November 2017/1

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