RICHMOND, Va.--(BUSINESS WIRE)--June 25, 2003--GE Insurance today announced it has reached a definitive agreement to sell its Tokyo-based GE Edison Life Insurance Company and U.S. Auto & Home business to American International Group for approximately $2.15 billion, and take a special pre-closing dividend of approximately $440 million. The transaction is subject to normal regulatory approvals and the parties expect to complete it in 90 days.
RICHMOND, Va.--(BUSINESS WIRE)--June 5, 2003--GE Financial today announced that its Long Term Care Insurance Division has renewed its commitment to help create a world without Alzheimer's disease by signing on for a fourth year as a national sponsor of the Alzheimer's Association's Memory Walk.
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GE Private Asset Management Experiences Record Interest in New GE Multiple Strategy Portfolios Program SHERMAN OAKS, Calif.--(BUSINESS WIRE)--June 3, 2003-- Lower Minimum MDA Product Is Well Received By Advisors and Their Clients; GEPAM On The Cutting Edge of a Rapidly Evolving Industry The GE Multiple Strategy Portfolios, GE Private Asset Management's new separately managed account program, has had great success in the very brief period since its launch.
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SHERMAN OAKS, Calif.--(BUSINESS WIRE)--June 2, 2003-- Nine High Quality Investment Managers Now Available to Clients With Launch of New GE Multiple Strategy Portfolios GE Private Asset Management (GEPAM), GE Financial's rapidly growing managed account provider, announced today significant enhancements to its manager lineup.
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GE Financial Fills Key Slot in Growing Intermediary Sales Organization; Adam Rochlin Appointed National Sales Manager for Retirement Services Group RICHMOND, Va.--(BUSINESS WIRE)--May 30, 2003--In a move to bolster its retirement services platform, GE Financial today announced the appointment of Adam Rochlin as National Sales Manager for the organization's Retirement Services Group.
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GE Financial Enhances Variable Annuity Product Line; Changes to Subaccount Lineup for GE Series Variable Products Based on Customer Feedback RICHMOND, Va.--(BUSINESS WIRE)--May 28, 2003--Continuing its effort to bring high quality products to its institutional and retail clients, GE Life and Annuity Assurance Company today announced several enhancements to its GE Series variable annuity and variable life products.
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STAMFORD, Conn.--(BUSINESS WIRE)--May 20, 2003--Workhorse Custom Chassis and GE Distribution Finance, the commercial arm of GE Consumer Finance, have signed a multi-year agreement, creating a national Chassis Finance Program for qualified Workhorse dealers. Workhorse, with headquarters in Union City, Indiana, is one of the industry's leading manufacturers of chassis for commercial step vans.
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STAMFORD, Conn.--(BUSINESS WIRE)--April 22, 2003--GE Consumer Finance announced today that it has signed a seven-year extension of its agreement with Lowe's Companies, Inc., to continue to provide private label credit card services for the home improvement retailer's consumer and commercial customers.
We're thrilled to continue the 23-year relationship we've developed with the Lowe's team, said Mark Begor, President and Chief Executive Officer of GE Consumer Finance - Americas.