Cobra makes £4.3m broker acquisition
Cobra Holdings has acquired UKI Holdings and its subsidiary, UK & Ireland Insurance Services, a Manchester-based general insurance brokerage specialising in Commercial insurance, in particular for the construction industry. Cobra will pay a total consideration of approximately £4.3m.
UK & Ireland has been operating as an insurance broker since 1993, under the brand name UK & Ireland Insurance Services.
The existing management team, led by James Wrynne, will continue to run the business on a day-to-day basis. Kevin McNeill will become UK construction director, and Mike Regan will be assuming the role of property director to take advantage of this rapidly expanding part of the business. Martin Hoult will maintain control of the infrastructure and Dermot McMorrow, one of the
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