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Gable Holdings Inc (GAH)

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Thursday 16 July, 2015

Gable Holdings Inc

Swiss Re Quota Share Agreement

RNS Number : 2301T
Gable Holdings Inc
16 July 2015
 




 

 

 

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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Enquiries:

 

Gable Holdings Inc.

William Dewsall, Chief Executive

Michael Hirschfield, Group Finance Director

 

tel: +44 (0) 20 7337 7460

Zeus Capital Limited (Nominated Adviser and Broker)

Nick How, Adam Pollock

 

tel: +44 (0) 20 7533 7727

Gable Communications Limited

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 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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