25th Sep 2014 07:00
25 September 2014
Gable Holdings Inc.
("Gable", "the Company" or "the Group")
New Business Agreement for Norwegian market
Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces a new agreement with the Confederation of Norwegian Enterprises (NHO), the largest SME trade association in Norway, to provide Gable's Property and Employers' Liability products to its members, numbering some 23,000 small to medium size enterprises.
Gable will commence underwriting during the final quarter of 2014 and anticipates that this business will deliver gross written premiums of £15 million per annum.
William Dewsall, Chief Executive, Gable, said:
"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."
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