Cobra acquires three brokers and an underwriting agency
The Board of Cobra Holdings, a major UK-based retail and wholesale insurance broking group, has acquired four businesses comprising of three insurance broking entities, Giles (Alton), J.K. Lee, G.D.K Insurance Services and an underwriting agency, County Insurance Services Schemes. Giles is based in Hampshire, JKL is based in Manchester and GKD and CISS, which trade alongside each other, are based in Essex.
Cobra’s “hub and spoke” growth strategy involves the establishment of substantial regional offices (“hubs”) with smaller local offices (“spokes”). All of the acquisitions completed today will become spoke offices within the COBRA Group.
All three broking operations benefit from a client base predominantly made up of commercial customers, which as members of the Cobra Group, will be able to offer their customers additional insurance services and access to a wider range of underwriters than they
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