PIB to keep the Cobra brand
PIB CEO Brendan McManus unveils his plans for Cobra, while Cobra boss Steve Burrows discusses the sale process, competition and feedback from network members.
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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop