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Yutree leaves Cobra Network after 15 months

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    • Andrew Pearce

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Yutree Underwriting has left Cobra Network in a bid to become a "truly independent intermediary".

The broker - which was set up by managing director Kevin Hancock last year - became a network member in March 2012. 

Mr Hancock confirmed: "The support from Cobra has been very welcome in our first year of trading and now we have decided to work with our clients, brokers and insurer partners as a truly independent intermediary."

The broker - which boasts offices in Newmarket and London - also confirmed it had hit agreed targets with partner insurer Prosight Speciality Insurance some four months

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