![Insurance Age](https://www.insuranceage.co.uk/sites/default/files/styles/print_logo/public/2021-11/print-logo.png?itok=F0kVQKky)
Cobra reports rise in profits
Cobra Holdings has reported an increase in its operating profit by 56% after releasing its 2007 annual results.
The broking group revealed that its revenue increased by 68%, with organic growth of 13% and the number of network members increasing from 98 to 126.
It also reported strong underwriting growth supported by two major insurers, although it admitted that the summer floods had an "adverse impact" on insurer profit shares from its network.
Steve Burrows, chief executive, said: “Despite adverse market conditions, we are pleased to report excellent twelve month interim results. The insurance market
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
- Wakam receives PRA approval for new £500m GWP UK insurer
- Aviva’s David Martin on the art of the possible
- Brokers push for more from RSA/NIG