Gable suspends shares
The shares have been suspended and company confirms that CEO William Dewsall’s regulatory guarantee contribution has “significantly reduced”.
Gable Holdings has requested the suspension of trading in its share on AIM pending the publication of its annual report and accounts for 2015.
The suspension is the latest issue to hit the unrated Liechtenstein-based insurer which in May admitted that Solvency II compliance is not possible and was pondering a sale.
That announcement was followed by the news that Hogarth Underwriting Agencies would not be providing £10m in regulatory capital to the firm.
Hogarth is wholly owned by Gable CEO
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