Lucas Slob replaces Tim Moss on board.

The Board of Gable Holdings, the AIM-listed construction insurer, has announced that Lucas Slob has today been appointed as a Non Executive Director of the Company.

Tim Moss today has stepped down from the Board. In a statement the company said the move was made in order to pursue other business interests.

Slob, 55, has over 20 years non-life insurance expertise working for Zurich, where he focused on risk engineering, risk management and systems. He is based in Switzerland and is currently a director of Attendus Trust Company AG.

Gable, which was founded in late 2005, posted pre-tax profits of £510,000 in 2007, following a £250,000 loss the previous year. Last year, premiums fell three per cent from £6.21m to £6.04m.