GE Global Asset Protection Services Relocates to New York City; Move Puts the Global Consulting Organization Closer to Customers and the Brokerage Community HARTFORD, Conn.--(BUSINESS WIRE)--Feb. 27, 2002--GE Global Asset Protection Services today announced the location of its headquarters as New York City. The leadership team had previously been based in Hartford, Connecticut.
GE Global Asset Protection Services is an experienced provider of Loss Prevention and Business Continuity Planning services. It serves customers from a broad range of industries, including healthcare, utilities, pharmaceuticals, and manufacturing and product distribution. GE Global Asset Protection Services focuses on critical business processes to help reduce a company's exposure to loss.
The company identifies exposures, proposes realistic risk mitigation strategies, executes comprehensive business impact analysis, and develops cost-effective business continuity plans. It has over 250 engineers and loss prevention experts in North America, Europe, Asia and South America. GE Global Asset Protection Services is a recognized leader in web-based risk management services.
According to Loren Douglass, President of GE Global Asset Protection Services: Relocating our headquarters from Hartford to New York City makes sense on several levels. It will put our organization closer to important corporate customers and the brokerage community, both of which are key to our continued success. Additionally, the move will further enhance our significant presence in the New York City area and will provide an excellent platform upon which to grow our business.
On March 1, GE GAP Services' front office and executive team will move to 1114 Avenue of the Americas, 33rd Floor. Operations, billing and collections will continue to be based in Hartford.
GE Global Asset Protection Services is part of GE's Commercial Insurance business within GE's Employers Reinsurance Corporation. It traces its heritage to Industrial Risk Insurers, a unit of GE ERC that provides specialized commercial property protection.
GE Employers Reinsurance Corporation is the world's fourth-largest reinsurer and a premier global provider of risk solutions. ERC serves clients in property and casualty, life, healthcare and professional liability insurance and reinsurance and other risk management services. ERC has earned the highest ratings in the industry. More information on ERC is available at www.ercgroup.com.
GE (NYSE:GE) is a diversified technology, services and manufacturing company with a commitment to achieving customer success. GE operates in more than 100 countries and employs approximately 310,000 people worldwide.
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CONTACT: Employers Reinsurance Corporation
Elaina Boudreau, 913/676-6489
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340