COBRA to acquire GAL share
The Commercial Broking Alliance has agreed to purchase a substantial shareholding in Lloyd's broker ...
The Commercial Broking Alliance has agreed to purchase a substantial shareholding in Lloyd's broker GAL Holdings, as predicted by PB in June.
The deal takes COBRA's gross written premiums from £200m to a combined total of £260m, and it is now the largest shareholder of GAL Holdings.
Brian Fuller, managing director of GAL Holdings, said: "Our plan is to significantly grow our current revenues of £60m to make GAL a £100m Lloyd's broker within the next two years. By working closely with COBRA we will
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