COBRA has announced the acquisition of Hammond Frey Marrington (HFM).
HFM, formed in 1989 by John Hammond and based in Westerham, Kent, is a general insurance brokerage specialising predominantly in commercial risks, managing in excess of £1.2m of Gross Written Premiums.
Phil Truman, COBRA director, said; “The acquisition of HFM represents the beginning of an exciting period of expansion for COBRA."
"Having completed our own restructure to form COBRA Holdings just a few months ago, the acquisition of John's business is a great introduction to our first phase of consolidation."
Steve Burrows, group chairman added: “Our last press announcement mentioned that agreements were in place to purchase two firms in the following months and here we are. Watch out for the next announcement.”
