KANSAS CITY, Mo.--(BUSINESS WIRE)--April 6, 2006--Just as a 90-mile-an-hour wind can cause serious property damage, it can also threaten some vital relationships along the insurance value chain.
In a new white paper from GE Insurance Solutions, experts from the company's claims and legal departments argue that the insurer-reinsurer relationship needs special attention in the event of a natural catastrophe.
NORWALK, Conn. & NEW YORK--(BUSINESS WIRE)--April 5, 2006--GE Commercial Finance and The Royal Bank of Scotland Group today announced that GE Capital Markets and RBS Securities are Joint Lead Arrangers providing financing for Resource Management Service, LLC (RMS) and its affiliates.
RMS and its affiliates will use the proceeds from the financing to facilitate its purchase of timberlands from International Paper Company in a number of regions, primarily in the South.
NORWALK, CT--(BUSINESS WIRE)--April 3, 2006--GE Commercial Finance - Technology Lending, a unit of Global Media & Communications, announced today that it has opened a Palo Alto, Calif. office. Kjerstin Barley, Senior Vice President, will initially staff the office, reporting to John Kinnaman, Managing Director, GE Commercial Finance - Technology Lending. Additional team members will be added during the second quarter. The office is located at 400 Hamilton Avenue, Suite 220, Palo Alto, CA 94301.
KANSAS CITY, Mo.--(BUSINESS WIRE)--March 29, 2006--The demands of today's global economy have put increased responsibilities on corporate risk managers to implement more sophisticated loss prevention policies and processes. That's the assessment of Luis F. Arango, a chemical technical specialist with GE Insurance Solutions' Global Asset Protection Services unit. By doing so, Arango said, companies will be better positioned to meet shareholder, regulatory and insurance provider expectations and requirements.
NORWALK, Conn.--(BUSINESS WIRE)--March 29, 2006--GE Antares Capital today announced that it is lead arranger of a $61-million credit facility for the recapitalization of Universal Tax Systems (UTS), a leading developer of software systems used by tax professionals to complete and electronically file income tax returns. The Company's flagship proprietary tax software product, TaxWise, is used by customers nationwide to prepare federal and state tax returns for both businesses and individuals. UTS is a portfolio company owned by Primus Venture Partners.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--March 28, 2006--Lessons learned in the insurance industry's decades-long struggle with asbestos claims may be inspiring significant changes in the way they evaluate and defend their policyholders in mass tort litigation.
In a new white paper from GE Insurance Solutions, claims expert Bill Brauer said in some notable instances insurers are changing their approach to claims involving injuries alleged to have been caused by workplace exposures to silica dusts and welding fumes.
NEW YORK, STAMFORD, Conn. & LITTLE ROCK, Ark.--(BUSINESS WIRE)--March 20, 2006--GE Consumer Finance, Dillard's and American Express today announced the launch of the new Dillard's American Express Card. The Cards carry the Dillard's and American Express logos, and are accepted at Dillard's and the millions of merchants who accept American Express worldwide.
ST. PAUL, Minn.--(BUSINESS WIRE)--March 15, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a new multi-year partnership with Polaris, to provide Polaris customers with installment financing for motorcycle, ATV, snowmobile and accessory purchases. The program, which aligns two leaders in the powersports industry, will launch nationwide on April 1 to the Polaris network of 1,500 independent dealers.
NORWALK, Conn.--(BUSINESS WIRE)--March 15, 2006--GE Commercial Finance - Bank Loans today announced that Neeraj Mehta has been appointed Managing Director with responsibility for acquiring participations in par bank loans and for related secondary market investing activities.
"We are very pleased that Neeraj has agreed to assume this important role for our group," said Ron Carapezzi, Business Leader, GE Commercial Finance - Bank Loans. "Neeraj brings a great combination of leveraged finance experience and leadership skills to this position."
