Broking group picks up Thornway

Cobra has continued its acquisition strategy in the North West after buying another Manchester broker.

The AIM-listed broking group has bought Thornway Insurances for more than £1m in cash and shares.

Thornway had turnover of £407,485 and pre-tax profit of £153,305 in the year to 30 July 2008. It will be integrated into Cobra’s Manchester hub, UK & Ireland Insurance Services, bought in October 2007.

In April 2008 Cobra acquired another Manchester broker, JK Lee, for almost £2m..

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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