Moorhouse seals Cobra deal

Moorhouse has completed a distribution deal worth £40m over five years with commercial broker network Cobra.

The five year contract will see the provision of tradesman liability; goods in transit, haulier; contractors all risks and let property to members via a Cobra branded white-label version of the Moorhouse Xbroker platform.

In addition its van and private car products will be available to Cobra members on OpenGI, CDL, SSP and Insurecom.

As part of the deal Cobra members will benefit from use of the Xbroker platform, and will receive favourable commission rates and preferential terms.

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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