Approaching the end of the tunnel

​Gable Holdings is a specialist non-life insurer focussed on writing SME business. It looks for niche areas and for each line it works through a Managing General Agent who deals with customers and claims handling. Having only started in 2006, this has been very successful and it now has 20 lines across Europe. Premium growth has been very strong organically as well as from new lines, with 31% historic growth, a trend we expect to continue. On an underlying basis underwriting results have...

Institutional Comment: Daily Comment

Update: High growth continues

Gable Holdings continues its fast growth with gross written premiums in H114 rising 43% year-on-year, net earned premiums up 30% and underlying profit before tax up 23% to £4.9m. As expected, an amount was set aside to raise claims reserves, making reported profit before tax £2.5m. Net cash at the end of June 2014 was £33m. Gable continues to add new brokers in the UK and Europe to ensure this growth continues and has recently announced a distribution agreement with iprism, with gross written...