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Press Release

GE Antares Wins Lender of the Year Award

March 13, 2006

NORWALK, Conn.--(BUSINESS WIRE)--March 13, 2006--GE Antares Capital, a unit of GE Commercial Finance - Global Sponsor Finance, today announced that it has received a Lender of the Year award from Buyouts magazine. The award recognizes the small and middle market lender that best serves the market. The announcement, which was received on March 9th at the 18th Annual Buyouts Symposium, attributes the award to the middle market lender's "ability to execute quickly, its roster of quality clients, and its talented group of dedicated professionals."


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Press Release

GE Moneyが医療クレジットに参入、保険外診療の治療費支払いに利便性と安心を提供

March 08, 2006

第一弾として、歯科治療分野に展開

本日、GE Money(法人名:GEコンシューマー・ファイナンス株式会社 社長:熊谷昭彦 本社:東京都目黒区)は、保険外診療においてクレジット払いが利用できる新サービス「GE Moneyの CareCredit(ケアクレジット)」を開始致しました。第一弾として、歯科治療分野の歯列矯正、インプラント、ホワイトニングなどの保険外治療費に対してサービスを提供します。年内には、眼科治療(レーシック)、美容外科治療分野などの分野でもサービスをスタートし、将来的には予防医療や高度医療などの分野についても参入機会を検討していきます。

GE Moneyは、現在、米国において歯科治療を中心とした医療クレジットサービス「CareCredit」を提供しており、医療クレジット分野の大手としてのノウハウを有しています。この度、カナダ、オーストラリア、スイスなどに続き、世界第2の医療市場である日本において、この画期的なサービスを展開することとしました。


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Press Release

Solid Renewal Season for GE Insurance Solutions; $1.3 Billion in Property/Casualty Premiums Renewed; Company Adds $149 Million in New Business

March 01, 2006

KANSAS CITY, Mo.--(BUSINESS WIRE)--March 1, 2006--GE Insurance Solutions companies secured nearly $1.5 billion of property and casualty reinsurance business in the recently completed January 1 renewal season.

The GE Insurance Solutions team added 62 new reinsurance treaty clients and $149 million in new business premiums, a 14 percent increase in new business over the 2005 renewal season.

The companies renewed more than $1.3 billion of their property and casualty reinsurance business, an 86 percent retention rate.


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GE Moneyが外国人向け住宅ローンを販売

March 01, 2006

永住権がなくても日本での住宅購入が可能に
―母国の信用情報を審査に活用―

GE Money(法人名:GEコンシューマー・ファイナンス株式会社 社長:熊谷 昭彦 本社:東京都目黒区)は、『GE Moneyの「外国の方向け」住宅ローン』の販売を、本日開始しました。

この住宅ローンの販売にあたり、GE Moneyは、外国人向け住宅賃貸・売買仲介事業大手の株式会社ケン・コーポレーションおよび資産管理・住宅ローンコンサルティング会社 IFG Asia Limited(アイ・エフ・ジーアジアリミッテッド)とそれぞれ販売提携を結びました。両社からの紹介に加え、お客様からの直接のお申し込みも、専任のスタッフが英語で受け付けます。提携2社経由で紹介されたお客様の場合、永住権を持たない在日外国人の方々にもローンを提供します ※1。これは、世界約50カ国で個人向け金融ビジネスを展開しているGEの審査ノウハウを活用し、お客様の母国の信用情報をもとに融資審査をおこなうことで可能となったものです。GE Moneyは、世界100カ国以上でビジネスを展開しトリプルAの信用力を有するGEの外国人層における知名度をいかして顧客の獲得を目指します。


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GE Antares Arranges Senior Credit Facility for Acquisition of Radiac Abrasives, Inc.

February 28, 2006

NORWALK, Conn.--(BUSINESS WIRE)--Feb. 28, 2006--GE Antares Capital, a unit of GE Commercial Finance - Global Sponsor Finance, today announced that it has arranged a senior secured credit facility to support WestView Capital Partners' purchase of Radiac Abrasives, Inc. GE served as Administrative Agent and Lead Arranger for the transaction, which closed on February 10th.


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GE Antares Provides $50 Million Facility for Acquisition of Broadcast Electronics, Inc.

February 23, 2006

NORWALK, Conn.--(BUSINESS WIRE)--Feb. 23, 2006--GE Antares Capital, a unit of GE Commercial Finance - Global Sponsor Finance, today announced that it has provided a $50 million senior debt credit facility to facilitate Audax Group's acquisition of Broadcast Electronics, Inc. ("BE"), a Quincy, Illinois-based leader in providing equipment and software solutions to the radio broadcast market. GE served as Lead Arranger for the transaction, which closed February 14.


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Are Insurers Prepared for the Perfect Storm? Observations in New Paper from GE Insurance Solutions

February 23, 2006

KANSAS CITY, Mo.--(BUSINESS WIRE)--Feb. 23, 2006--While increased frequency of hurricanes is nothing new in historical terms, the enormous growth in coastal population and development is dramatically increasing the potential for insured losses, according to a new paper from GE Insurance Solutions.


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GE Money's JV SBI Card Makes Historic Tracks With Indian Railways Through its Subsidiary IRCTC; World's Second-Largest Railway Network Launches First-Ever Frequent Traveler Program and Co-Branded Cred

February 20, 2006

BANGKOK, Thailand--(BUSINESS WIRE)--Feb. 20, 2006--GE Money announced today that it has formed a strategic alliance with IRCTC (Indian Railways subsidiary) through SBI Card, its joint venture with State Bank of India (SBI).


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When is Contract Wording Like Duct Tape? New Paper from GE Insurance Solutions Reveals the Answer

February 16, 2006

KANSAS CITY, Mo.--(BUSINESS WIRE)--Feb. 16, 2006--Duct tape is commonly used in all manner of household repairs. Many people say they can't live without it.

So, too, insurers and reinsurers have come to rely on the Errors & Omissions clause. The reasons are found in a new white paper from GE Insurance Solutions (NYSE: GE), authored by Associate General Counsel David Newkirk.

But just as you wouldn't use duct tape to repair a car's engine, the E&O clause is not suited for every situation.


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GE Fanuc Embedded Systems Signs Agreement To Purchase Assets Of Condor Engineering; Supplier of Embedded, Test and Simulation Avionics Data Communications Solutions Provides Key Technology to GE Fanuc

February 16, 2006

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Feb. 16, 2006--GE Fanuc Embedded Systems announced that it has signed an agreement to purchase the assets of Condor Engineering including test and simulation products, embedded boards and core technology to meet the data communications needs of commercial and military aircraft manufacturers and suppliers.


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