OMAHA, Neb. & KANSAS CITY, Mo.--(BUSINESS WIRE)--July 1, 2005--Berkshire Hathaway (NYSE: BRK) and General Electric (NYSE: GE) today announced that GE Insurance Solutions' sale of Medical Protective Corporation to Columbia Insurance, a unit of Berkshire Hathaway, became effective yesterday. The sale price was $825 million.
BELLEVUE, Wash.--(BUSINESS WIRE)--June 28, 2005--Between sky-high oil prices and sagging profits, finding a pleasant story in the U.S. aviation industry happens about as often as a flight taking off and landing on time these days. In fact, according to the Bureau of Transportation, delays and lost baggage both increased in 2004.
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NORWALK, Conn.--(BUSINESS WIRE)--June 21, 2005--GE Commercial Finance Corporate Lending today named Randy Hicks Managing Director for its East Region. He will be responsible for developing and maintaining client relationships along the east coast, including many southern states, and extending as far west as Ohio.
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NORWALK, Conn.--(BUSINESS WIRE)--June 16, 2005--GE Commercial Finance Corporate Lending today announced that Bruce Buchanan has been promoted to Managing Director, leading the National Restructuring group. He most recently served as Co-Head of Originations and prior to that was Senior Vice President, Team Leader for the East Region of the National Restructuring group. The East Region completed over $5BN in new transactions under his leadership, including Delta, Mirant and Fleming.
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Businesses: GE Transportation & GE Commercial Finance, Aviation Services
Investor Contact Information
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340
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KANSAS CITY, Mo.--(BUSINESS WIRE)--June 13, 2005--GE Insurance Solutions announced the launch of an innovative product designed to help mortgage originators protect their reputations today at the annual convention of the National Association of Mortgage Brokers in Minneapolis, Minn.
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NORWALK, Conn.--(BUSINESS WIRE)--June 13, 2005--GE Commercial Finance Corporate Lending today announced that Joe Nemia has been promoted to Senior Managing Director for the Vertical Industries group. In this role, he will lead Corporate Lending's North American efforts in the Restructuring, Retail, Metals, and Automotive sectors.
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MUNICH--(BUSINESS WIRE)--June 7, 2005--For the first time, GE Insurance Solutions and the Institute of Insurance Economics, University of St. Gallen, offer a perspective of the German reinsurance market from the point of view of the buyer -- the primary insurer who relies on reinsurance for cover.
The Reinsurance Market Index polled primary insurers on key market indicators such as rate on-line, attachment points and limits for non-proportional, as well as ceding commissions and retentions for proportional treaties.
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EFFINGHAM, ILL.--(BUSINESS WIRE)--June 7, 2005--Paul Gutman, the dealer principal and his partners at Legacy Harley-Davidson, first worked with GE Commercial Finance, Franchise Finance (GEFF) when they acquired the Effingham, Ill., dealership in 2003. At the time, Gutman already was thinking about how the businesses could be working together again in the near future.