17th Jul 2014 10:52
LONDON (Alliance News) - Gable Holdings Inc Thursday said it has inked a deal with UK commercial insurance broker RiskAlliance Group writing commercial combined business for UK small and medium enterprises, as the European non-life insurance company continues to grow its presence in the market.
In a statement, Gable said it will begin writing business immediately, which it expects to deliver gross written premiums in the region of GBP10.0 million pro-rata on a yearly basis. Policies are designed to provide cover over a 12-month period.
Gable said that RiskAlliance Group's SME division based in St Albans, north of London, has a growing customer base in the UK restaurant and takeaway markets, employing a number of staff who speak languages including Urdu, Mandarin, Cantonese, and Hindi, which it said enables the development of strong connections with customers for whom English is not their first language.
Gable shares were Thursday quoted up 1.5% at 86.75 pence.
By Samuel Agini; [email protected]; @samuelagini
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