Gable Holdings, the European non-life insurance company, has entered into an underwriting agreement with Lloyd's of London Brokers, Kinetic Insurance Brokers and CHJ Management to underwrite specialist commercial surety bonds within the UK and EU markets.
Under the terms of the agreement, policies have been designed to offer cover over a year and Gable has already commenced writing business.
The company expects that the new business will offer gross written premiums of £5m pro-rata per annum in the region.
Kinetic Insurance Brokers operates as a Lloyd’s & London Market Broker with full FCA authorization and manages established portfolios across a diverse range of classes from the UK, Europe, Asia and Australia.
CHJ Management has been offering a range of surety and performance bonds for many years and is recognized in the UK and Eire market.
Gable Holdings chief executive William Dewsall said, "We are very pleased to be working with Kinetic Insurance Brokers and CHJ Management to underwrite a range of specialist Surety Products and look forward to further profitable development of this class."