STAMFORD, Conn.--(BUSINESS WIRE)--April 14, 2005--GE Commercial Finance Energy Financial Services announced today that P. Richard "Dick" Gessinger has joined its Oil and Gas unit as vice president of origination. He will originate partnership investments with independent private and public oil and gas producers to acquire or monetize proven reserves.
LAKEWOOD, Colo.--(BUSINESS WIRE)--April 12, 2005--New and used Kawasaki Motor Corp. (KMC) buyers in Florida have a new protection plan for their motorcycles. GE Auto Warranty Services developed and administers the Kawasaki Good Times(TM) Protection Plan (GTPP) for the company.
GTPP covers Kawasaki motorcycles - including the leading-edge Ninja(R) and Vulcan(R) lines -- as well as Kawasaki all-terrain vehicles (ATVs), Mule(TM) utility vehicles and Jet Ski(R) personal watercraft.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--April 12, 2005--GE Insurance Solutions today announced that Tim Madden has joined the company as leader of its North American brokered reinsurance business. Madden will report to Ken Brandt, business leader of North America and Asia Pacific reinsurance, and will be headquartered in the company's Barrington, IL office.
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NORWALK, Conn.--(BUSINESS WIRE)--April 11, 2005--GE Commercial Finance Global Media & Communications today announced that it has named Scott Webster as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the North American communications sector. Based in Norwalk, Mr. Webster will report to Peter J. Foley, managing director and head of origination, Global Media & Communications.
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FT. WAYNE, Ind.--(BUSINESS WIRE)--April 8, 2005--A.M. Best has affirmed its "A-" rating and Stable Outlook of Medical Protective Co., a subsidiary of GE Insurance Solutions Corporation. Medical Protective also holds an "A" counterparty credit and financial strength rating from Standard & Poor's Ratings Services.
A.M. Best defines the Stable Outlook as "an indication that a company is experiencing stable financial/market trends and that there is a low likelihood that its rating will change in the near term."
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FORT WAYNE, Ind. & DALLAS--(BUSINESS WIRE)--April 7, 2005--The Medical Protective Company, a member of the GE Insurance Solutions group of companies, today announced from its Dallas regional headquarters its intention to reduce rates and expand insurance offerings in Texas. This action reflects the Company's recent internal company data updates, which suggest that 2003 tort reform measures are beginning to take hold.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--April 4, 2005--GE Insurance Solutions Corporation chairman, president and CEO Ron Pressman commented today on Standard & Poor's financial strength rating of "A" with a stable outlook. Standard & Poor's action follows last week's announcement that A.M. Best affirmed its "A" rating on operating subsidiaries of GE Insurance Solutions.
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NORWALK, Conn.--(BUSINESS WIRE)--April 4, 2005--GE Commercial Finance Business Credit today announced that Daniel A. Greene, Senior Vice President, has been named to the additional post of team leader, East Region, Business Credit. Based in New York City, Mr. Greene will have responsibility for directing Business Credit's overall efforts in the origination of transactions of up to $30 million throughout the East Region, which comprises New England, New York, New Jersey, Pennsylvania, Delaware, and Maryland.
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NORWALK, Conn.--(BUSINESS WIRE)--April 4, 2005--GE Commercial Finance Global Media & Communications announced today that it has arranged a $35 million senior debt facility for Lebhar-Friedman, Inc., the leading independent publisher and provider of information serving the retail/food service communities and their supplier network. The facility will fund Lebhar-Friedman's acquisition of Dowden Health Media, a health care media company with communications products and services for both consumers and physicians.