22nd Jan 2014 11:02
LONDON (Alliance News) - Non-life insurance firm Gable Holdings Inc said Wednesday that it has entered into a significant and new Delegated Underwriting Agreement with insurance and reinsurance broker Aon UK Ltd.
Gable said that under the agreement, Gable Insurance AG will be underwriting commercial combined risks across its European territories.
"We are delighted that Aon has facilitated to us a programme of £10 million gross written premium annually via one of its independent MGAs for commercial combined risks across our European territories, including the UK," said Chief Executive Officer William Dewsall in a statement.
Gable shares were on the rise Wednesday morning, up 7.5% at 78.99 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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