Cobra warns of 'problematic' outlook for market
Broking consolidator Cobra has reported that its revenues increased by 55% to £11.8m for the six month period to 30 September 2008. It added underwriting GWP increased by 263% and underlying EBITDA increased by 19% to £1.4m.
During the period it has acquired five businesses comprising three insurance brokers, an underwriting agency and an IFA, adding approximately £17.5m annualised GWP.
In a statement it added: "The
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