Gable Insurance
This week: Let downs, whiplash and administration
Sometimes in life people let you down. Maybe they are not as invested as you, maybe they don't have the same energy levels or maybe they were never going to do it in the first place.
Gable administration was 'inevitable', say brokers
Brokers have described Gable’s administration as “inevitable”, with those who still hold policies with the troubled Liechtenstein insurer being advised to immediately find new cover.
Insurer Gable goes into administration
Troubled insurer Gable has gone into administration because it couldn’t meet the obligations of Solvency II.
Gable CEO Dewsall lambasts "devastating" Solvency II as Brexit blamed for £2.3m loss
The chief executive of Gable Holdings has described the impact of Solvency II as “devastating” and that it had rendered its business model “obsolete”.
Gable in u-turn over plan to delist from AIM
Troubled insurer Gable has performed a u-turn on its plan to delist from the stock exchange.
Norwegian tie-up with Gable hangs over solvency concerns
One of the largest trade organisations in Norway has asked its broker for alternative cover arrangements after its insurer, Lichtenstein-insurer Gable Holdings, stopped writing new business.
Gable will delist from stock exchange because of 'regulatory burden'
Gable Holdings will delist its shares from the stock exchange in order to cut regulatory costs.
Third Gable board member resigns in a month
A third member of the board of beleaguered insurer Gable Holdings has stepped down in the space of a just over a month.
Top lawyer becomes latest to step down from Gable board
A man described as “one of the finest insurance lawyers in the country” has resigned from the board of Gable Holdings, just a year after being appointed.
Week in Post: Amazon Echo; pills that make you hard; CMC scourge and elderly drivers
This week Post reporter Rosie Quigley and I were given a tour around the Accenture Innovation Lab at Plantation Place in the City.
Gable Insurance's first decade: seven lessons for start-ups
It is now four weeks since Gable announced it was cutting back its underwriting operations in light of compliance issue with Solvency II.
Gable non-executive director Andrew Trott resigns
Gable non-executive director Andrew Trott has resigned from his post as the troubled insurer looks to streamline its board as part of an ongoing strategic review.
Gable shares rise after suspension on trading is lifted
Share prices in Gable Holdings have risen since the company resumed trading on the London Stock Exchange this morning.
Gable cuts underwriting operations to comply with Solvency II
Gable has announced it will "significantly reduce" the scale of its underwriting operations in Europe, and has ordered its broker network to cease writing new business with immediate effect.
Gable requests suspension from stock market
Unrated insurer Gable has requested temporary suspension from the AIM stock market until the publication of its annual report.
Gable CEO to use 'private vehicle' to provide regulatory capital guarantee
Gable CEO William Dewsall said it would be “inappropriate” for Hogarth Underwriting Agencies to provide a £10m guarantee that would form part of Gable’s regulatory capital.
Gable moves to reassure brokers following announcement of a company-wide review
Gable has said it will be 'business as usual' until a review commissioned by the company concludes in Q3.
Gable sale on the table as full Solvency II compliance deemed ‘not possible’
Unrated insurer Gable Holdings will launch a full strategic review following an assessment of its Solvency II capacity, a move likely to result in a “fundamental restructuring”, according to a statement to the stock exchange.
Gable expects losses of £7-8m for 2015 as it updates on Solvency II compliance
Gable Holdings has confirmed its regulator the Financial Market Authority Liechtenstein has approved its funding arrangements announced in December, whereby its subsidiary Gable Insurance AG has a two-year transitional period to meet the Solvency Capital…
Iprism strikes deals with QBE and Gallaghers after Gable pulls two lines mid-term
Liechtenstein-based insurer Gable Holdings has exited the tradesmen and high-net worth household lines of business it offered through the Iprism Underwriting Agency portal mid-term.
Gable supportive of new Liechtenstein GI entrants
Liechtenstein-based insurer Gable Holdings would welcome other general insurance companies entering the principality as it revealed it has spoken to the Liechtenstein regulator about companies interested in positioning themselves in the territory.
Reserving elimination caused Gable to report H1 pre-tax loss of £2.4m
Liechtenstein-based insurer Gable Holdings has reported a pre-tax profit loss of £2.4m for the six months ended 30 June 2015.
Lure of Liechtenstein questioned as reports of insurer interest surface
The Liechtenstein financial regulator has flagged an uptick in insurance companies looking to establish a presence in the principality despite analyst scepticism about the benefit of the territory as an outpost for UK insurers.
Gable in talks to create UK motor underwriting operation
Gable Insurance is in discussions with former Service Insurance Company director Beverley Shreeve about creating an underwriting operation for UK motor under the Gable brand, Post understands.