Gable lands in administration under Liechtenstein orders

Gable Insurance AG (GIAG) went into administration today as
financial regulators in Liechtenstein placed operations of the
ailing insurer into the hands of PricewaterhouseCoopers' Swiss
branch.
Chief Executive William Dewsall blamed the financial rigors
imposed by Solvency II regulations as a major cause of the Gable
Holdings unit's downfall.
"The Gable Group has for some time been trying to meet the
onerous obligations of the Solvency II regime," Dewsall said
in a statement today. "Unfortunatel