Alto still working on offer for broker

Steve Burrows Cobra

Cobra has extended the deadline to receive a firm offer from suit Alto to 29 June.

This follows a similar extension last week. As last week, Cobra has extended the deadline to allow Alto, its only suitor, more time to prepare its offer.

Alto was set up by Cobra chief executive Stephen Burrows to buy Cobra.

“Alto has received credit approval for its funding, but any offer remains subject to the satisfaction of various conditions precedent which are still being addressed,” Cobra said in a statement.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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