EUROPE Winner...
WILLIAM DEWSALL United Kingdom
CEO of Gable Holdings Inc BIOGRAPHY
William has over 30 years experience in the European insurance market joining Jardine Glanville (UK) in 1981 and soon progressed as a senior broker at Berisford Mocatta covering property and reinsurance placements in the London and European markets. From 1986 he was principal broker
and lead underwriter for Alexander Stenhouse, responsible for multi- national property,
contractors
all risks and liability insurance, including reinsurance. In 2000 he established his own underwriting agency,
underwriting liability and contractors all risk into the ABOUT GABLE HOLDINGS INC.
Gable was established as a specialist European insurance group by William Dewsall and is listed on the London Stock Exchange’s AIM market. The Company commenced underwriting in January 2006 with UK construction liability insurance. Over subsequent years since then it has consistently expanded both its product range and the number of European markets in which it operates and achieved uninterrupted growth in both premiums written and insurance profits whilst maintaining a market leading core operating ratio, a key quality performance measure in the insurance sector.
Gable’s Business strategy • Efficient underwriting platform writing profitable business across multiple sectors
• Differentiate through service, product specification, handling and settlement.
claims
• Grow while maintaining pricing discipline.
• Expand into selected Western European markets
Gross written premiums Underlying Insurance result Underlying profit before taxation
Gable operates a light and efficient structure. Distribution is focused on exclusive distribution relationships in different territories and markets, utilising its networks of brokers.
Gable has been steadily implementing its strategic goal of expansion into niche markets across Western Europe and has built a comprehensive range of specialist policies for the commercial sectors and writes business in Denmark, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the UK.
Achieving consistent profitable growth
largest managing general agent and in January 2014 agreed with Aon Benfield in the UK to underwrite commercial combined risks across Europe, including the UK.
Gable’s first move outside the UK came in 2008, and now its European business accounts for 50% of gross written premiums with an increasingly diversified book of business. In October 2013 Gable concluded it’s first fund raising since joining AIM in 2005, with a Placing of new shares with institutional and private shareholders which raised £10.7 million of new capital employed
Year ended 31 December 2013 £m
2012 £m 58.9 16.1 11.4
In December 2012 Gable agreed a significant £70m five-year deal with Towergate Underwriting, the UK’s
36.1 9.4 5.7 up 63% up 71% up 99%
to increase the Group’s solvency capital and capitalise on new growth opportunities.
Most recently, Gable has received regulatory approval to write specialist niche motor business where the Company already has significant demand from its current distribution partners in Italy and the UK.
Change
Since the start of 2014 Gable has seen its strongest flow of new business to date with business in the UK goes from strength-to- strength as it benefits from recent major agreements,
internationally
with Arthur J. Gallagher International and Willis International, writing new business in the Italian market where Gable continues to see significant
growth.There are also significant opportunities across a number of European territories where the Company is seeing increasing levels of demand for its niche products as it expands its European distribution network in existing territories including France, Scandinavia, Germany and Italy and in new territories as Gable expands it’s wholesale distribution network and increases brand awareness.
London market where, as head underwriter, wrote insurance risks in the UK and worldwide on behalf of a number of insurers operating in the Lloyds and London markets including Italian giant, Assicuriazoini Generali. William has also been instrumental in developing policy
wordings for the Contractors and Liability insurance sector, credited many times in the foremost sector reference ‘Construction Insurance and UK Construction Contracts’. He is registered with the FCA as an approved person for insurance activities.
FINANCE MONTHLY CEO AWARDS 2014
William Dewsall, CEO of Gable Holdings Inc London: +44 (0) 20 7337 7460 I Email:
info@gableinsurance.com I Website:
www.gableholdings.com 48
www.finance-monthly.com
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