Insurer can now cover land vehicles, goods in transit and motor liability in all its territories

Gable has received regulatory approval to write three new classes of business in all its European territories.

The Liechtenstein-based insurer, which writes in the UK and provides capacity to Towergate, can now underwrite land vehicles (other than rolling stock), goods in transit and motor vehicle liability.

The company will focus initially on the Italian market with these three new classes.

Gable chief executive William Dewsall said: “This is a significant step in Gable’s future and it now affords us the ability to meet the enormous demand for tailored products in these new classes.

“I look forward to updating our shareholders on these exciting developments in due course.”