Thornway Insurances to be part of Cobra’s Manchester hub
Cobra has bought Manchester commercial broker Thornway Insurances for just over £1m in cash and shares and will integrate it with its Manchester hub.
Thornway's most recent audited accounts for the year ended 30 July 2008 and showed turnover and profits before tax of £407,485 and £153,305. Its net assets were £292,449.
The company said: “Application will be made to London Stock Exchange plc for the admission of 1,000,000 new COBRA shares, allotted to the vendors of Thornway, to trading on AIM and dealings are expected to commence on 2 March 2009.”
Steve Burrows, Cobra chief executive said: “I am delighted to welcome Thornway and its clients to the COBRA Group.”
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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.
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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
