Yutree leaves Cobra to go it alone

Yutree Underwriting has left the Cobra Network to become independent.

Yutree managing director Kevin Hancock said: “The support from Cobra has been very welcome in our first year of trading and now we have decided to work with our clients, brokers and insurer partners as a truly independent intermediary.”

The news comes as Yutree hit the £1m gross written premium target agreed with partner insurer ProSight Specialty Insurance four months ahead of schedule.

Yutree distributes ProSight’s employers’, public and products liability policies, as well as contractors’ all risks policies.

ProSight UK managing director Julian Enoizi said: “Yutree has delivered consistent growth throughout its first year of working with us. Having its expertise has meant that its facility has exceeded our expectations.”