Cobra Network Limited, which is part of PIB Group, has signed a three-year exclusive contract with Close Brothers Premium Finance. The renewal extends the existing 22-year relationship between the two firms. Cobra Network was formed in 2003 and comprises 225 brokers across the UK.

Close Brothers Premium Finance said the deal would include exclusive rates for Cobra members as well as access to CPD accredited training and business development tools.

Elliott Hayes, sales director at Close Brothers Premium Finance, said: “Broker networks play a vital role in the UK premium finance landscape, and supporting their growth and purpose is central to our strategic focus. We recognise both the challenges and opportunities their members face, which is why we’ve invested in a tailored toolkit designed to help brokers thrive and grow with confidence.

“We are extremely proud of our commitment to innovation and service excellence, so Cobra Networks' decision to renew this relationship of 22 years is a clear sign that we’re on the right track.”

Michael Brigden, head of membership services at Cobra Network, added: “Close Brothers Premium Finance has been working alongside us since the network was founded back in 2003, and its expert team has been pivotal in our growth and our success. The support offered has been hugely valued by our brokers and we are thrilled to further extend this partnership.

“Crucially, the new rates that we’ve been able to secure are only possible due to the strong collaboration between us and Close Brothers Premium Finance, who are equally dedicated to supporting brokers and their growth ambitions.”