Cobra network announces purchase of shareholding

Insurance Age staff
01 Oct 2004

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The Cobra network has announced the purchase of a substantial shareholding in Lloyd's broker G.A.L H...

The Cobra network has announced the purchase of a substantial shareholding in Lloyd's broker G.A.L Holdings. The agreement provides both companies with a significant increase in respective gross written premiums (GWP). Cobra's GWP will increase from £200m to a combined total of over £260m. It will become the largest shareholder of G.A.L Holdings with Steve Burrows and John Lincoln from Cobra joining the board of directors. Brian Fuller, managing director of G.A.L Holdings and fellow director Andrew Graham join the board at Cobra.

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