15th Jun 2009 07:00
15 June 2009
Gable Holdings Inc ("Gable" or the "Company")
French Insurance Broker Agreement Signed
Gable Holdings Inc (AIM: GAH), the insurance and reinsurance provider to commercial businesses across Europe, announces that on 12 June 2009 it received confirmation that a French insurance broker had executed an agreement with Gable to provide a programme of property and liability related risk insurance to the Company.
The Directors expect that the initial programme of insurance to be provided to the Company over the next three months will generate gross annual premium revenue of approximately €2.0 million. The Directors anticipate that further programmes of insurance will be placed by this broker through Gable and that such insurance will, in general, be renewable annually.
William Dewsall, Chief Executive of Gable, commented: "We are delighted to announce this arrangement which, after taking into account further premiums which we expect to receive, will lead to a significant change in the Company's premium levels. This has been achieved without reducing our current margins.
Enquiries:
|
Gable Holdings Inc William Dewsall, Chief Executive |
Tel: +44(0)20 7337 7460 |
|
Arden Partners plc Chris Fielding |
Tel: +44(0)20 7398 1600 |
|
Hansard Group Justine James John Bick |
Tel: +44 (0) 20 7245 1100 Tel: +44 (0) 7525 324431 |
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