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15 Jun 2009 07:00
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15 June 2009
Gable Holdings Inc ("Gable" or the "Company")
French Insurance Broker Agreement Signed
GableΒ Holdings Inc (AIM: GAH), the insurance and reinsurance provider to commercial businesses across Europe, announces that on 12 June 2009 it received confirmation thatΒ a French insurance brokerΒ had executed an agreement with Gable toΒ provide a programme ofΒ property and liabilityΒ related riskΒ insurance to the Company.Β Β
TheΒ Directors expect that theΒ initial programme of insuranceΒ to beΒ provided to the CompanyΒ over the next three months willΒ generateΒ grossΒ annualΒ premiumΒ revenueΒ ofΒ approximatelyΒ β¬2.0 million. The Directors anticipate that further programmes of insurance will be placedΒ by this brokerΒ through GableΒ and that such insurance will, in general, be renewable annually.
William Dewsall, Chief Executive of Gable, commented: "We are delighted to announce this arrangement which, after taking into account further premiums which we expect to receive, will lead to a significant change in the Company's premium levels. This has been achieved without reducing our current margins.
Enquiries:
|
Gable Holdings Inc William Dewsall, Chief Executive |
Tel: +44(0)20 7337 7460 |
|
Arden Partners plc Chris Fielding |
Tel: +44(0)20 7398 1600 |
|
Hansard Group Justine James John Bick |
Tel: +44 (0) 20 7245 1100 Tel:Β +44 (0) 7525Β 324431 |
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