FX woes push Gable to H1 loss

Troubled Liechtenstein-based insurer Gable has posted a loss of
£2.3mn ($3mn) for the first half of 2016 after it suffered a
£3.4mn negative impact from sterling movements following the
Brexit vote.
Excluding the currency movement, the company reported an
underwriting profit of £1.1mn, compared to £2.6mn for the
same period in 2015.
The top line grew 19.3 percent year-on-year to £61.7mn,
while net earned premiums dropped 18.4 percent to £31.4mn.
Gable also suf