Gable restructure prompts run-off questions

Unrated Liechtenstein-based insurer Gable Holdings has
instructed its broker network to cease writing new business with
immediate effect while it works to restructure the business.
The troubled carrier is looking to remediate its business by
bringing in multinational insurers to support its historical
written premium base in the UK and Europe. It is also looking at a
transaction that could see its prior-year book sold.
It is also hoped that the plan will enable Gable to retain
sufficient capital