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4 Dec 2013 07:00
4 December 2013
Gable Holdings Inc.
("Gable" or "the Company")
Regulatory Approval to Underwrite Three New Classifications of Business
Gable Holdings Inc. (GAH.L), the European non-life insurance company, announces that it has received regulatory approval in all its European territories to underwrite the following insurance classes:
· Class 3: Land vehicles (other than rolling stock)
· Class 7: Goods in Transit
· Class 10: Motor vehicle liability
The Company intends to focus initially on the Italian market in respect of these new classes.
Commenting, William Dewsall, Chief Executive, said:
"After considerable demand from corporate brokers, we are delighted to advise the market that we have been approved in classes 3, 7 and 10. This is a significant step in Gable's future and it now affords us the ability to meet the enormous demand for tailored products in these new classes. I look forward to updating our shareholders on these exciting developments in due course."
Enquiries:
Gable Holdings Inc. William Dewsall, Chief Executive
| 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 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.
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