OVERLAND PARK, Kan.--(BUSINESS WIRE)--Jan. 20, 2004--GE's Employers Reinsurance Corporation (ERC) (NYSE:GE) today announced that Mark Elborne is joining the company as General Counsel.
Elborne, 45, comes to ERC from the law firm of CMS Cameron McKenna in London, and has extensive experience in the negotiation,arbitration and litigation of insurance-related law.
We are pleased to add to our team one of the insurance industry's preeminent legal experts, said Ron Pressman, Chairman, President and CEO of ERC. In the past, Mark has represented ERC as a client and has considerable knowledge of our business and legal issues.
Elborne has represented insurers and reinsurers in matters related to diverse product lines such as property, business interruption, contingency, liability, D&O and E&O. His practice has taken him to jurisdictions around the world, including the United States, Europe, the Middle East and the Far East. He served as joint outside Counsel for General Electric for all WTC insurance matters requiring legal input outside the United States.
It is a tremendous honor to accept this offer to work for one of the world's exceptional reinsurance companies, said Elborne. I look forward to the challenges and rewards of helping ERC build the reinsurance community of the future.
Besides ERC, Elborne has been retained by other GE businesses in his career, including GE Appliances, GE Medical Systems, GE European Equipment Leasing and GE Plastics. He has also advised NBC on its insurance coverage for the 2002 Winter Olympics.
Elborne has qualifications from Eton College and the College of Law, and an honours degree from Exeter University. He and his wife and children will relocate to Kansas City, Missouri, USA - global headquarters of ERC.
GE's Employers Reinsurance Corporation (NYSE: GE) is a company that protects lives, property and reputations. ERC serves clients with reinsurance and commercial insurance and other risk managemen services.
More information on ERC is available at www.ercgroup.com.
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CONTACT: GE ERC
Paul Casey, 011 44 20 7337 9597
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or
John Novaria, 913-676-5762
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Jeff Wilson
GE Capital Corporate Finance
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1-203-749-6340