20th Nov 2013 07:00
20 November 2013
Gable Holdings Inc.
("Gable" or "the Company")
Launch of Professional Indemnity product for Italian hauliers market
Gable Holdings Inc. (GAH.L), the European non-life insurance company, announces the launch of its second product in Italy providing professional indemnity ('PI') for the commercial haulage market.
Gable will be working through its established partnership with Genoa London Underwriting Agency Srl in Rome, and the new product will cover commercial haulier PI in accordance with current Italian Law, covering compliance with all transport regulations relating to losses caused by unprofessional management of the transport company excluding fines and any road traffic incidents.
Policies are designed to provide cover over a 12 month period and Gable has commenced writing business for this product which is anticipated to deliver gross written premiums in the region of Euro 7 million per annum.
Commenting, William Dewsall, Chief Executive, said:
"This is Gable's first product for the commercial haulier/logistics market in Italy which we believe will deliver high volume, annualised premiums and low loss ratios. We are delighted to be expanding our portfolio of products working with Genoa London Underwriting, our brokers based in Rome, who are very experienced in this arena and we look forward to developing additional bespoke products in this market in due course."
Enquiries:
Gable Holdings Inc. William Dewsall, Chief Executive
| tel: +44 (0) 20 7337 7460 |
Panmure Gordon Fred Walsh / Atholl Tweedie, Corporate Finance Adam Pollock / Maisie Atkinson, Corporate Broking
| tel: +44 (0) 20 7886 2500 |
Gable Communications John Bick / Justine James | 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 Denmark, France, Germany, Italy, the Netherlands, Norway, Spain and the UK. 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