Gable ponders sale and admits Solvency II compliance "is not possible"

william-dewsall-gable-ceo

Gable has reported that the board is considering a sale of the company in whole or part.

The admission, delivered in a stock exchange announcement, came as the Liechtenstein-based unrated insurer said it had completed an assessment around raising sufficient capital for full Solvency II compliance.

The statement noted that this "is not possible for the existing business, its growth profile and structure as Solvency II appears to be incompatible with small niche European insurance business models"

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