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Gable Holdings Inc (GAH)

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Thursday 11 September, 2014

Gable Holdings Inc

?100m GWP New Business Agreement

RNS Number : 3693R
Gable Holdings Inc
11 September 2014
 



 

 

11 September 2014

Gable Holdings Inc.

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

 

£100m New Business Agreement for UK market

 

Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces a new agreement which Gable has signed to become a key trading partner with iprism Underwriting Agency Limited ('iprism') to write commercial of business in the UK market.

 

Gable has commenced underwriting immediately and anticipates that this business collaboration will deliver gross written premiums of £100 million over the next 3 years.

 

iprism Underwriting Agency provides over 1,650 UK FCA authorised insurance broking firms with an innovative, online, trading platform that allows Brokers to make efficiencies within their businesses by giving them access to comparative pricing for SME and Household insurance products from the UK's largest Insurers. Point of sale documentation is backed up by a real time referral service from iprism's in-house Underwriters.

 

William Dewsall, Chief Executive, Gable, said:

"We are delighted to announce today our agreement with iprism, making them our largest UK trading partner to date which is anticipated to contribute £100m in GWP over the next 3 years in the UK commercial market.  We have already commenced writing new business and look forward to developing a strong working partnership with the team at iprism."

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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