Press releases

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Approval in principle for new Cobalt Lloyd’s syndicate

Cobalt Insurance Holdings Ltd (“Cobalt”) and Capita Managing Agency Ltd (“CMA”) have announced they have taken a significant step in the launch of Lloyd’s first fully Shariah compliant syndicate after receiving 'in principle' approval from Lloyd's Franchise Board.

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The Pensions Regulator extends partnership with Capita

The Pensions Regulator has agreed to extend its partnership with Capita for a further three years to ensure the continued successful roll-out of automatic enrolment (AE) to small and micro employers. The contract extension is worth an additional £37 million over three years and will run from October 2018.

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The launch of Flood Re

Flood Re, which will enable insurers to offer competitive premiums and lower excesses to high flood risk homes across the UK, has launched. The world-first scheme is now live and ready to accept policies from insurers. The launch follows months of preparation, from appointing a Board, testing IT systems and on-boarding insurers to securing £2.1 billion in reinsurance cover.

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