OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 26, 2003--GE's Employers Reinsurance Corporation (GE ERC) announced today it received revised ratings from the A.M. Best Company.
For the first time under current ownership, A.M. Best is evaluating ERC as a standalone business, eliminating any historic ratings enhancement from its ownership by the General Electric Company.
RICHMOND, Va.--(BUSINESS WIRE)--June 25, 2003--GE Insurance today announced it has reached a definitive agreement to sell its Tokyo-based GE Edison Life Insurance Company and U.S. Auto & Home business to American International Group for approximately $2.15 billion, and take a special pre-closing dividend of approximately $440 million. The transaction is subject to normal regulatory approvals and the parties expect to complete it in 90 days.
RICHMOND, Va.--(BUSINESS WIRE)--June 5, 2003--GE Financial today announced that its Long Term Care Insurance Division has renewed its commitment to help create a world without Alzheimer's disease by signing on for a fourth year as a national sponsor of the Alzheimer's Association's Memory Walk.
GE Private Asset Management Experiences Record Interest in New GE Multiple Strategy Portfolios Program SHERMAN OAKS, Calif.--(BUSINESS WIRE)--June 3, 2003-- Lower Minimum MDA Product Is Well Received By Advisors and Their Clients; GEPAM On The Cutting Edge of a Rapidly Evolving Industry The GE Multiple Strategy Portfolios, GE Private Asset Management's new separately managed account program, has had great success in the very brief period since its launch.
SHERMAN OAKS, Calif.--(BUSINESS WIRE)--June 2, 2003-- Nine High Quality Investment Managers Now Available to Clients With Launch of New GE Multiple Strategy Portfolios GE Private Asset Management (GEPAM), GE Financial's rapidly growing managed account provider, announced today significant enhancements to its manager lineup.
GE Financial Fills Key Slot in Growing Intermediary Sales Organization; Adam Rochlin Appointed National Sales Manager for Retirement Services Group RICHMOND, Va.--(BUSINESS WIRE)--May 30, 2003--In a move to bolster its retirement services platform, GE Financial today announced the appointment of Adam Rochlin as National Sales Manager for the organization's Retirement Services Group.
GE Financial Enhances Variable Annuity Product Line; Changes to Subaccount Lineup for GE Series Variable Products Based on Customer Feedback RICHMOND, Va.--(BUSINESS WIRE)--May 28, 2003--Continuing its effort to bring high quality products to its institutional and retail clients, GE Life and Annuity Assurance Company today announced several enhancements to its GE Series variable annuity and variable life products.
STAMFORD, Conn.--(BUSINESS WIRE)--May 20, 2003--Workhorse Custom Chassis and GE Distribution Finance, the commercial arm of GE Consumer Finance, have signed a multi-year agreement, creating a national Chassis Finance Program for qualified Workhorse dealers. Workhorse, with headquarters in Union City, Indiana, is one of the industry's leading manufacturers of chassis for commercial step vans.
