Chief executive Steve Burrows wins 98% shareholder approval to take over Cobra
The acquisition vehicle, Alto, led by Steve Burrows, has won the battle to buy Cobra.
A Stock Exchange announcement this morning revealed that 98% of shareholders had agreed to accept Cobra chief executive Burrows offer of £7.3m.
The remaining 2% of shareholders have been urged to sell up. Burrows only competition had been Towergate, but the consolidator dropped out of the race in May.
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.
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