11th Sep 2014 07:00
11 September 2014
Gable Holdings Inc.
("Gable", "the Company" or "the Group")
£100m New Business Agreement for UK market
Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces a new agreement which Gable has signed to become a key trading partner with iprism Underwriting Agency Limited ('iprism') to write commercial of business in the UK market.
Gable has commenced underwriting immediately and anticipates that this business collaboration will deliver gross written premiums of £100 million over the next 3 years.
iprism Underwriting Agency provides over 1,650 UK FCA authorised insurance broking firms with an innovative, online, trading platform that allows Brokers to make efficiencies within their businesses by giving them access to comparative pricing for SME and Household insurance products from the UK's largest Insurers. Point of sale documentation is backed up by a real time referral service from iprism's in-house Underwriters.
William Dewsall, Chief Executive, Gable, said:
"We are delighted to announce today our agreement with iprism, making them our largest UK trading partner to date which is anticipated to contribute £100m in GWP over the next 3 years in the UK commercial market. We have already commenced writing new business and look forward to developing a strong working partnership with the team at iprism."
ends
Enquiries:
Gable Holdings Inc. William Dewsall, Chief Executive Michael Hirschfield, Group Finance Director
| tel: +44 (0) 20 7337 7460 |
Panmure Gordon Fred Walsh / Atholl Tweedie, Corporate Finance Maisie Atkinson, Corporate Broking
| tel: +44 (0) 20 7886 2500 |
Gable Communications John Bick | tel: +44 (0) 20 7193 7463 +44 (0)7872 061007 |
About Gable Holdings Inc
Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors in the UK, Denmark, France, Germany, Italy, Norway, Spain and Sweden. Gable benefits from a low-cost online underwriting platform and the Company has continued to successfully grow its business geographically whilst simultaneously exploiting a range of niche insurance segments which exist across the EU, which is delivered through the EU passporting mechanism. Gable Holdings Inc. is quoted on the London Stock Exchange's AIM market. For further information please visit www.gableholdings.com.
Related Shares:
GAH.L