11th Feb 2015 07:00
11 February 2015
Gable Holdings Inc.
("Gable" or the "Company")
Board Changes
Gable Holdings Inc. (GAH.L), the European non-life insurance company, is pleased to announce the appointment of Andrew Trott as a non-executive director with immediate effect. In addition, Michael Sofaer has stepped down from the Board to focus on his family and other business commitments. Jost Pilgrim will assume with immediate effect the role of non-executive Chairman on an interim basis and the Company has identified a short list of potential candidates to fulfil an additional non-executive appointment in due course.
Andrew Paul Trott, aged 60, is senior associate of Plexus Law and has provided the Company with legal support concerning policy documentation and claims handling since the inception of the business. Andrew is an experienced and respected insurance liability lawyer in the London Insurance Market. Andrew has defended major loss claims of all classes for a variety of UK and international insurers in his legal practice and has consulted to insurers to manage their claims departments, fixing and overseeing reserves and setting up their underwriting and claims handling facilities. He is an Approved Person on the FCA Register. There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Michael Sofaer steps down from the Board as Non-Executive Chairman but will continue as an advisor to the Board. The Company would like to thank Michael for his counsel to the Board and contribution to Gable during his tenure as Chairman.
Commenting, William Dewsall, Chief Executive, said: "I am delighted that Andrew has joined the Gable Holdings board bringing with him many years of detailed insurance industry experience. In addition, we have also identified a number of highly talented candidates as part of our plan to augment the Board with a further non-executive appointment in due course. Our very best wishes to Michael and our thanks for his contribution to the Board and Gable."
Ends
Enquiries:
Gable Holdings Inc. William Dewsall, Chief Executive Michael Hirschfield, Group Finance Director | tel: +44 (0) 20 7337 7460 |
Numis Securities Limited Rob Bruce/Adrian Trimmings, Corporate Finance Charles Farquhar, Corporate Broking | tel: +44 (0) 20 7260 1000 |
Gable Communications Limited 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, the Netherlands, 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.
Gable Holdings Inc is quoted on the London Stock Exchange's AIM market (ticker: GAH.L GAH.LN). For further information please visit www.gableholdings.com.
Related Shares:
GAH.L