13th Mar 2014 07:00
13 March 2014
Gable Holdings Inc.
("Gable" or "the Company")
£5m UK Specialist Commercial Surety Bonds programme
Gable Holdings Inc. (GAH.L), the European non-life insurance company, has entered into an Underwriting Agreement with Lloyd's of London Brokers, Kinetic Insurance Brokers Limited and CHJ Management to underwrite Specialist Commercial Surety Bonds within the UK and EU markets.
Policies are designed to provide cover over a 12 month period and Gable has commenced writing business which is anticipated to deliver gross written premiums in the region of £5.0 million pro-rata per annum.
Kinetic Insurance Brokers Limited is a Lloyd's & London Market Broker with full FCA authorisation, managing established portfolios across a diverse range of classes from the UK, Europe, Asia and Australia.
CHJ Management has been placing an extensive range of Surety and Performance Bonds for many years and is recognised in the UK and Eire market.
Commenting, William Dewsall, Chief Executive, said: "We are very pleased to be working with Kinetic Insurance Brokers and CHJ Management to underwrite a range of specialist Surety Products and look forward to further profitable development of this class."
John Mitchell, CEO of Kinetic Insurance Brokers Limited commented, "Kinetic Insurance Brokers Limited in association with CHJ Management - the Guarantee and Surety Specialists, are delighted to be working with Gable whose flexible and experienced approach to underwriting this niche class has been a deciding factor."
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 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, Sweden 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