PIB to keep the Cobra brand

Brendan McManus

PIB chief executive Brendan McManus has stated that he does not expect any redundancies to follow the company’s purchase of Cobra Group.

While he admitted there is some overlap between the two businesses, he noted that the transaction was largely complementary. The deal took the amount of premium placed or influenced by PIB from £550m to £900m.

McManus told Insurance Age: “They’ve got a network and an MGA, which sells different products to the MGAs we’ve got, the London market business has

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