25th Sep 2014 09:14
LONDON (Alliance News) - Gable Holdings Inc, an AIM-listed European non-life insurance company, Thursday said it has agreed a new deal in Norway that is expected to add GBP15.0 million a year to gross written premium on a yearly basis.
In a statement, Gable said it has agreed a deal with the Confederation of Norwegian Enterprises, an SME trade association in Norway, to provide property and employers' liability products to its members.
Gable said it will begin underwriting during the final quarter of 2014.
"We are delighted to announce today our agreement to write further new business in the Norwegian market where we have been successfully building on our commercial presence through selected distribution partners since entering that market," Chief Executive William Dewsall said in a statement.
Gable shares were Thursday quoted up 1.2% at 74.38 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
GAH.L