KANSAS CITY, MO.June 10, 2004--GE's Employers Reinsurance Corporation (GE ERC) dedicated its new global headquarters building in Kansas City, Missouri, today.
Missouri Governor Bob Holden and State Senator Charles Wheeler joined Ron Pressman, Chairman and President of GE ERC in cutting a ribbon at the facility at 9201 State Line Road.
KANSAS CITY, Mo.--June 9, 2004--GE's Employers Reinsurance Corporation (GE ERC) has named Richard F. Smith its chief operating officer and Marc Meiches as its chief investment officer.
As chief operating officer, Smith, 44, will lead continuing reinsurance, commercial insurance and life insurance business units as well as the company's property and casualty product management teams.
NORWALK, Conn.--(BUSINESS WIRE)--June 8, 2004--GE Commercial Finance, through its Business Credit unit, announced that it has named Joel A. Carlson as vice president of origination for the Pacific Northwest region, including Alaska, Idaho, Montana, Oregon, and Washington, and Western Canada. Based in Seattle, Mr. Carlson will help manage new business development initiatives including prospecting, sourcing and closing of all asset-based lending transactions between $5 million and $30 million.
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KANSAS CITY, Mo.--June 8, 2004--GE's Employers Reinsurance Corporation (GE ERC) will dedicate its new global headquarters building at 9201 State Line Road on Thursday, June 10.
Our company has a rich heritage in Kansas City since its founding in 1914, said Ron Pressman, Chairman and President of GE ERC. It's an honor to return to the city where this company had its formative years and at the same time support the economies of both sides of the state line.
NORWALK, Conn.--(BUSINESS WIRE)--June 8, 2004-- Provides $182.5 Million Senior Secured Facility GE Commercial Finance Global Media & Communications announced that it has arranged $182.5 million in senior secured financing for Communications Corporation of America and White Knight Broadcasting.
NORWALK, Conn.--(BUSINESS WIRE)--June 7, 2004--GE Commercial Finance's Global Media & Communications Technology business announced that it has named Jon Baird as vice president, origination. In this capacity, he will develop new client relationships on the West Coast, focusing on venture capital firms and developmental/growth stage technology-related companies.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--June 4, 2004--Don Mango, Vice President of Research & Development at GE's Employers Reinsurance Corporation (ERC), was awarded the 2004 Charles A. Hachemeister Prize by the Casualty Actuarial Society (CAS) for his paper on reinsurance pricing.
The announcement of the award was made at the CAS Spring Meeting in Colorado Springs, Colorado.
FAIRFIELD, Conn. & RICHMOND, Va.--(BUSINESS WIRE)--May 24, 2004--GE and Genworth Financial, Inc. today announced the pricing of the Genworth initial public offering.
The initial public offering consists of three different classes of Genworth securities:
-- 145,000,000 shares of Class A Common Stock, which has been priced at $19.50 per share.
STAMFORD, Conn. & SEATTLE--(BUSINESS WIRE)--May 24, 2004--GE Commercial Finance, the business-to-business financial services unit of General Electric (NYSE: GE), today agreed to purchase approximately $2 billion in assets from Boeing Capital Corporation.
The agreement is subject to normal regulatory review and expected to close in the second quarter of 2004.
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NORWALK, Conn.--(BUSINESS WIRE)--May 17, 2004--GE Commercial Finance's Global Media & Communications Technology business has provided a $1.05 million equipment financing line-of-credit to Airvana, Inc.
Based in Chelmsford, Massachusetts, Airvana is a global leader in developing infrastructure equipment for wireless carriers and global infrastructure suppliers. The company's products are designed to dramatically improve the economics of deploying high-speed mobile Internet services.
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