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COBRA was formed in 2006 through the amalgamation of six separate companies, creating an insurance business capable of providing a wide range of services for its Network Members, agents and clients. The Group is able to negotiate improved terms, which has led to greater retention rates with existing clients and reduced overall operating costs.
Consolidation is key to the continued success of the Group and market conditions are ideal for consolidation in both the London and provincial markets. The Group will acquire strategically placed organisations throughout the UK to build and strengthen its distribution network.
The Group has a dedicated team whose purpose is to investigate and pursue appropriate acquisition opportunities. Following the successful completion and integration of several acquisitions, the Group has efficient and robust systems in place ready to effectively merge the businesses and clients of acquired brokers into its core businesses to take advantage of appropriate synergies.
The factors driving consolidation, and therefore the growth of the business, are set out below.
