Gable Holdings Inc was established to build a group specialising in the European insurance and reinsurance sector. Gable was admitted to AIM in January 2005 when it raised £1m via a placing with 42.4m shares in issue. In December 2005 the company acquired Brown Duke AG (name changed to Gable Insurance AG post acquisition) in return for 31m new ordinary shares, valued at £3.95m. Gable Insurance AG is a European Insurance Company licensed to undertake insurance business under the authority of the FMA. Gable received FSA approval to provide cross border insurance services into the UK at the end of January 2006 under the EU passporting mechanism. Gable then commenced writing business in the UK at the end of January 2006.

Strategy

Gable Insurance AG will underwrite insurance risk in the construction and general insurance market in Europe. The companies intitial focus was in the UK and Ireland writing the following classes:
Employers Liability (EL)
Public Liability (PL)
Contractors All Risk (CAR)

Having established a firm base Gable is now looking at utilising the passporting mechanism under EU directives to do business in other European countries, using a like structure as set out below in the UK. Gable currently has licenses to trade in UK, Ireland, France, Spain, Germany, Norway and Italy and is active in the majority of these countries.

Underwriting management in the UK is conducted by Hogarth Underwriting Agencies which has the sole underwriting and claims handling agreement with Gable Insurance AG to distribute its insurance products in the UK. Hogarth is authorised by the FSA in the UK as an insurance Intermediary. This underwriting team is headed by William Dewsall who has over 20yrs experience underwriting insurance risk worldwide and tailoring specific policy wording. With the combination of outsourcing of non-core functions and the utilisation of a propriety online quoting system the company has an extremely efficient cost base giving it a leading edge in the market.

http://www.gableholdings.com/

Half Yearly Report

Business in the Half Year

§ Strong organic growth - written premiums up 77%

§ Profit before tax increased 25% to £4.0m

§ Launch of first products into Italian market providing bid and performance bonds and launch of Commercial Combined product

§ Net loss ratio of 35%

§ Combined Operating Ratio of 56%



Current Trading and Outlook

§ Continued growth across all classes of business both in the UK and in its current European markets.

§ Further new product launches in existing markets anticipated during the second half year.

§ Two further new country launches in Europe planned for the current year.



http://www.moneyam.com/action/news/showArticle?id=4663845

Gable Holdings: Panmure Gordon downgrades from buy to hold with a target price of 71p.

Final Results

Business Overview 2013

· Record Gross Written and Earned Premiums achieved in 2013 increased 63% with particularly strong performance in UK, France, Denmark, Norway and Italy from organic growth and new products

· European regulatory approval for three new insurance classes: 3 (land vehicles other than rolling stock), 7 (goods in transit) and 10 (motor vehicle liability) motor classes

· Underlying insurance result increased 71%

· Underlying profit before tax up 99% to £11.4m

· Combined Operating Ratio of 72%

· Successful equity placing raising £10.7m

· Cash resources at period end of £27.0m



Current Trading and Outlook

· Very strong trading across all territories

· UK regulatory approval for motor classes 3, 7 and 10

· Numerous new underwriting agreements across European territories including Aon, Arthur J. Gallagher International and JLT

· Other new territories committed for launch during 2014






http://www.moneyam.com/action/news/showArticle?id=4813119

Shares - Gable's growth prospects look even more attractive after taking a look at is undemanding valuation. At 82p, it trades on13.2 times 2014 forecast ernings, with its price to earnings ratio dropping to 10.9 in 2015.


In a nutshell - For Gable success comes in threes. Its profitable , has a high underwriting capacity and focuses on niche markets.

AGM Statement

RNS


RNS Number : 4481K

Gable Holdings Inc

25 June 2014








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

New Business - UK

RNS


RNS Number : 5501M

Gable Holdings Inc

17 July 2014








17 July 2014

Gable Holdings Inc.

("Gable", "the Company" or "the Group")



New Business - UK SME market



Gable Holdings (AIM: GAH.L), the European non-life insurance company, announces a new agreement with RiskAlliance Group, the UK commercial insurance broker, writing commercial combined business for the UK SME market.



Policies are designed to provide cover over a 12 month period and Gable will commence writing business immediately which is anticipated to deliver gross written premiums in the region of £10.0 million pro-rata per annum.



RiskAlliance Group has a wide range of commercial customers and offers the full spectrum of insurance products. In particular, its SME division based in St Albans has a rapidly growing customer base in the UK restaurant and takeaway markets. It directly employs a number of staff who speak several languages including: Urdu, Mandarin, Cantonese, Hindi and other Asian languages enabling the business contacts to develop strong connections with their customers where English is not necessarily their first language.



William Dewsall, Chief Executive, Gable, said:

"We are delighted to be working with RiskAlliance as we continue to grow Gable's presence in the UK SME market providing a range of products which benefit from our highly efficient platform and excellent service levels to our customers."



Stan Kaznowski, Chief Executive of RiskAlliance, commented: "We are delighted to have entered into a long term agreement with Gable where we see a compatible business philosophy with a strong customer culture. Gable's facilities will enable our Group to continue to provide highly competitive products to our growing customer base."

17 Jul Panmure Gordon 105.00 Buy

Gen Re signs as Reinsurance Partner

RNS


RNS Number : 7000O

Gable Holdings Inc

11 August 2014










11 August 2014

Gable Holdings Inc.

("Gable", "the Company" or "the Group")



Gen Re signs as Reinsurance Partner



Gable (AIM: GAH), the European non-life insurance company, is delighted to announce that Gen Re, a Berkshire Hathaway company, has become a reinsurance partner to Gable Insurance AG, a wholly-owned subsidiary of Gable.



Under the terms covered, Gen Re will principally provide Gable Insurance AG with additional capacity across its European Network.



William Dewsall, Chief Executive commented: "To have Gen Re as a trading partner is testament to the quality of our underwriting in Europe and we look forward to doing considerable amounts of business together."

11 Aug Panmure Gordon 105.00 Buy
11 Aug finnCap 100.00 Buy

Half Yearly Report

http://www.moneyam.com/action/news/showArticle?id=4883646

11 Sep Panmure Gordon 105.00 Buy
11 Sep finnCap 100.00 Buy

19/09/2014 BUY Jost Pilgrim NED 20,000
19/09/2014 BUY Michael Hirschfield FD 14,500
12/09/2014 BUY Jost Pilgrim NED 30,000
11/09/2014 BUY William Dewsall CEO 100,000
11/09/2014 BUY Michael Hirschfield FD 13,150

Shares - European non -life insurer Gable's envious growth in the past year is set to continue as it agrees a deal (11 Sept) that will allow it to write £100 million of commercial premiums in the UK over the next three years.
Gable's success at a time when many non-life insurers are struggling is the result of it avoiding the main insurance market. Instead Gable turns its attention to writing niche lines of business where there is less competition from larger companies . Gable typically targets cover for the contractors suffering weather delays to project completions , tool damage , commercial litigation disputes, commercial motor fleet and tenant deposit guarantees.

Shares - Investors are braced for a short term disappointment. Gable has received a claim for a large fire in France , which has been named in FinnCap wiping £2 million fromn its pre-tax profit forecasts this year, which it now expects to be £8 million, up from £7.2 million in 2013.
Gable's new underwriting strength will drive growth in coming years.

Trading Update 2014 and Strong Outlook for 2015
RNS
RNS Number : 6892E
Gable Holdings Inc
12 February 2015



12 February 2015

Gable Holdings Inc.

("Gable" or the "Company")

Trading Update - Guidance for Full Year 2014

Strong start to 2015 Trading

Gable Holdings Inc. (GAH.L), the European non-life insurance company, announces that it expects 2014 to show continued strong growth in Gross Written Premiums at levels some 35 per cent above those reported in 2013. In addition, the outlook is for this growth in Gross Written Premiums to continue through 2015 and 2016. The Board expects to release Gable's results for the year ended 31 December 2014 during May 2015.



2014 Financial Year

As announced at the half year stage, Gable's results were hit by an individually large fire claim in France, 80 per cent of which was recovered against reinsurance policies, the impact of which has also been felt in the second half through the cost of reinstating the reinsurance cover. During the year, the French market also suffered from an increase in attritional losses and Gable has acted to mitigate the impact of this by re-examining its risk exposure to the French market, amending policy terms and conditions and tightening the range of risks written together with strengthening pricing policies where appropriate to manage these factors and protect the Company in future years. Nevertheless, this claims experience in 2014 together with the impact of the weakening Euro means that the second half profit is unlikely to exceed that recorded for the first half of the year.



Outlook

January 2015 has started extremely well with an estimated Gross Written Premium of £15 million including £9 million of new commercial SME business introduced to Gable via its broker network. The Company's focus continues to be on profitable niche business with the objective of generating a strong underwriting profit at CORs of under 90 per cent. Gable has also commenced the process of putting part of its cash resources, which exceed £42 million, to work through a measured investment programme with a specialist advisor.



The Board expects to continue to deliver profitable growth for the foreseeable future and the Board will continue to manage the business in a prudent and professional manner. Gable's Solvency II preparations are well advanced and the Company remains committed to building capital reserves to prudent levels.



Commenting, William Dewsall, Chief Executive, said: "2014 saw an increase in claims activity which has impacted our profitability but I remain pleased that we will still report a creditable result. I believe that our risk management protocols provided the Company with the essential protections which mitigated a large proportion of the downside, whilst allowing us to provide a swift and efficient service to our insured customers. January 2015 was the strongest single month of new premiums in the Company's history and I fully expect this growth to continue throughout the year. We will build upon the strengths the business has accumulated in both balance sheet terms and as a reliable brand in a growing number of product categories and countries in Europe."



End

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Director Deals - Gable Holdings Inc (GAH)
Michael Hirschfield, Financial Director, bought 20,000 shares in the company on the 12th February 2015 at a price of 44.45p. The Director now holds 437,650 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

16:20 12/02/2015
Director Deals - Gable Holdings Inc (GAH)
William Dewsall, Chief Executive Officer, bought 50,000 shares in the company on the 12th February 2015 at a price of 44.63p. The Director now holds 24,743,967 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com