OVERLAND PARK, Kan.--(BUSINESS WIRE)--Nov. 6, 2003--Al Stanley, 40, has been named president & CEO of ERC Global Life & Health, a $2.6 billion unit of GE's Employers Reinsurance Corporation (ERC).
The appointment is part of a strategy to focus on selected markets and products, creating a smaller, higher return life and health reinsurance business.
STAMFORD, Conn.--Oct. 23, 2003--GE Consumer Finance announced today that it has signed a two-year extension of its agreement with American Eagle Outfitters, Inc., to continue to provide private labe credit card services for the apparel retailer throughout the U.S. until Jan. 1, 2008.
MUNICH--(BUSINESS WIRE)--Oct. 20, 2003--Is there an increased danger of earthquakes due to ultra deep mining or other geological impacts that are already measurable or foreseeable today?
In order to broaden opinion and exchange experts' views, GE Frankona Reinsurance will host a Symposium on Tuesday, November 4, 2003, at 4.00 p.m. at the Michelangelo Hotel in Johannesburg.
BENTONVILLE, Ark.--Oct. 14, 2003--Wal-Mart Stores, Inc. is offering its private label credit card customers more reasons to shop this fall by adding a robust set of features that deliver both cost savings and additional convenience.
The new card will allow customers to:
-- Choose their own payment due date
-- Make in-store payments at any Wal-Mart register
-- Receive a 3-cents-per-gallon discount on gasoline purchases at participating locations
ST. PAUL, Minn.--(BUSINESS WIRE)--Oct. 7, 2003--GE Consumer Finance has named Dave Fasoli president of the new Retail Sales Finance Servicing Company, which was created following the purchase of the Conseco Finance Corp. and Mill Creek Bank in June.
The new company will focus on consumer financing and dealer sales programs for the power sports, home improvement, home products and retail industries. Headquartered in St. Paul, Minn., the organization includes operations in Tempe, Ariz., and Rapid City, S.D., as well as field personnel.
RALEIGH, N.C.--Sept. 26, 2003--GE Mortgage Insurance today announced its intention to manage and operate its domestic business in the future at capital levels consistent with 'AA/Aa2' credit ratings.
In the United States, GE Mortgage Insurance is currently rated 'AAA' by Standard & Poors and Fitch, and 'Aaa' by Moody's.
The company made the decision after an extensive strategic review and analysis of its business and capital structure in light of customer and investor requirements, as well as the competitive landscape.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sept. 25, 2003--GE's Employers Reinsurance Corporation (ERC) today announced several key appointments that underscore its commitment to delivering world-class customer service backed by global expertise.
-- David Bassi is the new Global Risk & Underwriting Leader for ERC's P&C reinsurance unit;
-- Cora Stahrenberg is the new Human Resources Leader for the company's P&C reinsurance unit; and
RICHMOND, Va.--(BUSINESS WIRE)--Sept. 9, 2003--GE Financial today released disturbing findings from a new Retirement Income Readiness Survey1 that indicates many Americans are on a path that could see them run out of money well before they die. Despite the fact that life expectancy in America continues to increase at a steady pace and people should be looking at spending as much as twenty to thirty years in retirement, forty-one percent of those surveyed were completely unfamiliar with the idea of retirement income planning.
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