Gable reports £2.3m loss for start of 2016
CEO William Dewsall says company will update on alternative capacity plans "very shortly".
Gable Holdings has reported a loss after tax of £2.35m for the first six month period ended 30 June 2016, in line with the £2.41m it lost in the same period of 2015.
However, the company reported a 19 percent increase in gross written premium (GWP) to £61.7m (H1 2015: £51.7m).
The Liechtenstein-based insurer noted that on a constant currency basis it would have achieved a £1.1m profit but had been hit by a £3.4m foreign currency charge due to the impact of Brexit.
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