Cobra Insurance Brokers
Cobra directors Zandler and Lincoln resign
Two Cobra directors have resigned from the broker less than a month after shareholders accepted Alto Intermediary's offer to acquire the business.
Towergate on course to double 2011 acquisitions total, says M&A boss Saulter
The acquisition of two more insurance brokers has seen Towergate match the total number of deals it closed in 2011 in the first seven months of this year.
Cobra shareholders accept Alto offer
Alto Intermediary's recommended cash offer to acquire Cobra has received more than 98% acceptance from the broker's shareholders.
Towergate M&A boss outlines 2012 targets following double raid
Towergate is on track to double last year's acquisitions total, leading the firm's M&A director to hint at yet more upcoming deals across the UK.
Shareholders advised to take 20p per share following Cobra takeover
Directors at Cobra have this afternoon reached an agreement over the protracted takeover by the Stephen Burrows-backed Alto Intermediary Group.
Cobra takeover deadline extended for fifth time
The Cobra takeover deadline has been extended for the fifth time, as chief executive Stephen Burrows continues to push through a deal.
Cobra deadline extended to 15 June
The deadline for the Cobra deal has been extended for the third time.
Cobra takeover deadline extended as only Alto remains in the running
The protracted sale of Cobra, which has recently ended up as a one-horse race, has sparked debate among industry insiders as to whether networks represent limited appeal.
View from the top: How safe is your bank?
UK financiers are battening down the hatches as they brace themselves for eurozone write-down effects, warns Andrew Holman.
Post magazine - 31 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Cobra extends takeover deadline
Cobra has extended the takeover deadline to 7 June as it continues to liaise with Alto Intermediary.
Towergate says Cobra withdrawal shows it is financially disciplined and 'boring'
Towergate boss Mark Hodges has said the broker's withdrawal from the race to buy rival Cobra is a sign of Towergate's financial discipline.
Towergate withdrawal leaves Cobra boss Stephen Burrows as only bidder for broker
Towergate has pulled out of buying troubled AIM-listed broker Cobra, leaving the way clear for Alto, the buyout venture backed by Cobra boss Stephen Burrows, pictured.
Cobra extends deadline for takeover bids
Broker Cobra has extended the deadline for its two potential bidders - Towergate and Alto - to make a formal offer for the group.
Cobra locked in takeover talks with Towergate
The Cobra Holdings board has announced this afternoon that discussions are underway with two interested parties which may lead to an offer for the firm's issued share capital.
Cobra to cut costs in holding company
Retail and wholesale insurance broking group Cobra is to continue to focus on core revenue areas while carrying out a cost reduction programme in relation to its holding company and overhead costs in order to reflect the smaller size of its operating…
Riverbourne administrator expects sale soon
Cobra Network broker Riverbourne looks set to be sold as a going concern to get it out of administration, one of its joint administrators has told Post.
Cobra splits into retail and wholesale
Cobra Holdings has split itself into wholesale and retail divisions and made its broker network boss John Lincoln head of the wholesale division.
Cobra records £1.7m full year loss
Insurance broker Cobra has announced a pre-tax loss of £1.74m including a goodwill impairment charge of £1.5m for 2010/2011.
Cobra sells broking operations to Aston Scott
Cobra has sold its insurance broking operations in Caterham and Alton to ASG Risk Management, a subsidiary of Aston Scott Group.
Bluefin appoints new sports division director
Bluefin Insurance Services has appointed a new sports division director.
Post Intelligence Benchmarking: How do insurers measure up in the high net worth market
High net worth clients demand a high standard of service, as do their brokers, but which insurers are delivering it? Peter Joy unveils the answer.
Cobra announces 14% profit boost
Insurance broker Cobra has revealed a pre-tax profit increase of 14.1% for the six months to 30 September 2010
Aussie giant Wesfarmers stalks Barbon in UK push
Wesfarmers is poised to become the latest Australian financial services giant to make a serious play for the UK market with a sizable acquisition.