Friday, November 18, 2005
General Electric Exits Insurance; Sells Insurance Solutions, Employers Re to Swiss Re
General Electric has agreed to sell most of its Insurance Solutions business, including Employers Reinsurance Corp., to Swiss Re for $8.5 billion in securities, cash and the assumption of debt. It will retain some life insurance business.
The transaction is subject to customary regulatory approvals and typical closing conditions, and is expected to close in the first half of 2006.
General Electric Exits Insurance; Sells Insurance Solutions, Employers Re to Swiss Re
Source: Insurance Journal
The transaction is subject to customary regulatory approvals and typical closing conditions, and is expected to close in the first half of 2006.
General Electric Exits Insurance; Sells Insurance Solutions, Employers Re to Swiss Re
Source: Insurance Journal
Permalink posted by armandn @ 8:02 AM 
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