KANSAS CITY, Mo.--(BUSINESS WIRE)--Jan. 30, 2006--GE Insurance Solutions announces a new primary insurance product designed for specific segments of the hotel industry. Offered through Klein Insurance Services (KIS) of West Paterson, N.J., and available only through insurance agents and brokers, the comprehensive, multi-line property/casualty program is designed to cover risk exposures for hotels that cater to business and short-stay leisure travelers.
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Jan. 26, 2006--GE Commercial Finance Fleet Services has selected Black Book National Auto Research, a nationally recognized provider of wholesale pricing guidebooks, as their resale benchmark. GE will be the first fleet leasing company to benchmark used vehicle sales performance against the Black Book Commercial Index.
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TAIPEI, Taiwan--(BUSINESS WIRE)--Jan. 23, 2006--GE Consumer Finance, the global consumer lending unit of the General Electric Company (NYSE: GE), announced today it has agreed to make a strategic investment in Cosmos Bank, a major banking and consumer finance player in Taiwan, forming a strategic alliance.
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 23, 2006--GE Commercial Finance - Global Media & Communications today announced that it has provided $125 million in senior secured financing for Northland Cable Television, Inc. GE acted as Sole Arranger for the transaction, which closed December 22, 2005. The financing will be used to refinance existing indebtedness.
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GEコンシューマー・ファイナンス株式会社 (本社：東京都目黒区) は、代表取締役社長兼CEOとして、熊谷昭彦が、2006年2月1日付けで就任すると発表いたしました。
熊谷はGE（ゼネラル・エレクトリック・カンパニー）に22年間在籍し、現在は、GE東芝シリコーン株式会社の代表取締役社長兼CEOを務めております。熊谷は、その洞察力とマーケティングおよびコミュニケーション能力をフルに発揮し、GEの日本における発展に長年貢献してまいりました。本年１月、GEのシリコーン事業をアジア地域で大きく成長させた経営手腕が評価され、GE会長ジェフ・イメルトより、会長賞を受賞いたしました。
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NEW YORK--(BUSINESS WIRE)--Jan. 19, 2006--While the insurance industry grapples with the issue of fair compensation for asbestos victims, a new vulnerability may be lurking around the corner. Robert Blanco, Senior Actuary at GE Insurance Solutions, told an audience here that conditions exist that could expose the workers compensation markets to escalating asbestos claims.
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NEW YORK--(BUSINESS WIRE)--Jan. 18, 2006--When a child enters the hospital or a hurricane destroys a city or a family breadwinner unexpectedly dies, the insurance industry steps in to ensure a financial recovery. It's a tremendous responsibility, and in order to respond insurers must operate on a foundation of strength, stability and integrity.
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CHICAGO--(BUSINESS WIRE)--Jan. 16, 2006--GE today announces that Eric LaBat has been named Chief Marketing Officer (CMO) for the company's Rail Services unit. Mr. LaBat will be responsible for developing strategic marketing plans and driving growth and innovation breakthroughs for the business. The position - new to Rail Services - reflects the development of a cross-business Equipment Services marketing team that will focus its efforts in 2006 on new growth initiatives, including services, asset intelligence and geographic expansion.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Jan. 12, 2006--Insurance is a critical foundation of the economy. That fact was underscored when Congress and President Bush approved a two-year extension of the Terrorism Risk Insurance Act (TRIA).
Now that the U.S. re/insurance industry has secured a renewed guarantee of support from the federal government in providing coverage against future acts of terrorism, what lies ahead?
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 10, 2006--GE Commercial Finance - Retail Finance today announced that it has provided $57 million in senior secured financing as Administrative Agent for The Rowe Companies (AMEX:ROW). The facility consisted of a $50 million revolving facility and a $7 million tranche B loan. The proceeds will be used to refinance existing secured debt and finance ongoing working capital.