Swiss Re Quota Share Agreement

16 July 2015

Gable Holdings Inc.

("Gable", "the Company" or "the Group")

Swiss Re Quota Share Agreement

Launch of Packaged Motor, PA and Household Policy for Danish market

Gable Holdings (AIM: GAH.L), the European non-life insurance company, is pleased to announce a fifty per cent quota share agreement with Swiss Re to provide a packaged motor, personal accident and household insurance policy for the domestic Danish market.

The term of the quota share agreement with Swiss Re is 3 years and will be administered in Denmark by Husejernes Forsikring Assurance Agentur AS and Howden Insurance Brokers AB. The new capacity is anticipated to deliver annualised gross written premiums of DKK30 million (circa £3 million) before the fifty per cent quota share. This premium is already factored into Gable's Solvency II calculations.

Commenting, William Dewsall, Chief Executive of Gable, said: "We are delighted to be working alongside Swiss Re on a quota share partnership and our Danish partner Husejernes Forsikring Assurance, for the launch of this new combined product which broadens our product range in the Danish market. Gable successfully established distribution for its first product in 2012 working alongside Husejernes Forsikring."

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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.