Sign In
25 Jun 2014 07:00
25 June 2014
Gable Holdings Inc.
("Gable", "the Company" or "the Group")
AGM Trading Update
Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces that at the Company's Annual General Meeting ("AGM") being held today the following statement will be made by William Dewsall, Chief Executive:
Trading Update
The Company has continued to perform strongly as outlined in Gable's final results announcement made on 19 May 2014. Trading performance in the year-to-date has been very strong, as such the Company expects to achieve another year of significant growth across each of our European territories, particularly the UK, France, Scandinavia and Italy.
We are delighted with the progress in the year to date and look forward to reporting on further progress to shareholders later in the year.
New Business
Gable is delighted to announce a new agreement with Precision Underwriting (Ireland) Limited which has a highly respected team writing commercial business across a range of sectors in Eire and Northern Ireland. This represents our tenth new European territory and it is clear that the economic indicators demonstrate an improving market for businesses operating there. Precision works with a large number of supporting brokers and is seeing increasing levels of activity as economics conditions continue to improve.
Gable is also pleased to report a highly dynamic first quarter start to its UK Specialist Surety Bond underwriting arrangement marketed through CHJ Management which continues to show strong growth in the UK market.
We look forward to achieving further growth through our collaborations with both CHJ Management and Precision Underwriting respectively.
The Company expects to announce its half year results for the 6 month period ending 30 June 2014 in September 2014.
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 Rose 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.
Follow the stocks
