STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 4, 2002--GE Commercial Finance, the commercial lending, financing and leasing business of the General Electric Company, today announced it has agreed to purchase most of the Structured Finance unit of ABB, the global power and automation technology group, for total cash proceeds, including ABB debt and equity, of US$2.3 billion.
The acquisition significantly broadens the products and services offered by GE Commercial Finance's structured and equipment finance operations, especially across Europe.
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Kyle Rhodes Named National Accounts Manager for ERC's P&C North American Direct Business OVERLAND PARK, Kan.--(BUSINESS WIRE)--Aug. 1, 2002--Kyle Rhodes has been named National Accounts Manager for GE Employers Reinsurance Corporation's (ERC) Property & Casualty North American Direct Business. He and his team are responsible for U.S. Property & Casualty Treaty Business. Rhodes replaces Tom Smith who joined ERC's Global Property Team. Rhodes reports to Kenneth Brandt, the North American Direct Business Leader.
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New London Aviation Unit Established by GE Frankona Re; Move Aimed at Delivering Enhanced Customer Service LONDON--(BUSINESS WIRE)--July 25, 2002--GE Frankona Re announced the formation of a new London-based Aviation Unit, in a move aimed at enhancing service to the aviation market.
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New Malpractice Protection Resource for Texas Lawyers OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 7, 2002--GE's Westport Insurance Corporation has announced Marsh Affinity Group Services as its Texas Program Administrator for the GE Westport lawyers' professional liability insurance program.
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Marsh to Represent GE Westport Malpractice Program for Texas Lawyers CHICAGO--(BUSINESS WIRE)--June 7, 2002--GE's Westport Insurance Corporation has announced Marsh Affinity Group Services as its Texas Program Administrator for the GE Westport lawyers' professional liability insurance program.
Marsh Affinity Group Services will underwrite firms of 34 attorneys and smaller. Firms of 35 attorneys and greater are produced on an open brokerage basis and underwritten by Westport.
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A Mother's Crusade; Prominent Mums Help Launch Project Safeguard to Enhance Safety in London Child Care Centres; Retrofits Have Saved Property and Injuries LONDON--(BUSINESS WIRE)--June 5, 2002--Glass is meant to protect people. But in an accident, broken glass can inflict harm. GE Employers Reinsurance Corporation (GE ERC) understands the risks associated with everyday hazards, so it has launched an initiative called Project Safeguard(SM) to help counter these dangers.
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 4, 2002--Leading reinsurer Employers Reinsurance Corporation (GE ERC) today announced the selection of Renal Disease Management, Inc. (RDM) as its preferred provider of disease management services for patients with kidney failure who require dialysis.
Alan Winston, Vice President of Managed Care for ERC, stated: Our objective is to find quality resources for our clients that will assist them in controlling costs while improving clinical outcomes.
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STAMFORD, Conn.--(BUSINESS WIRE)--June 3, 2002--Ford Motor Company and GE Card Services have teamed to launch a new national private label credit card program offering instant credit and same-as-cash financing with no payments for 90 days to qualified Ford, Lincoln and Mercury customers.
The new program, called the Quality Care Auto Service Card, will be used to complement Ford Motor Company's continuing commitment to aftermarket service.
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Appointment Underpins Focus on Risk Management at GE ERC
OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 3, 2002--Shane Wright has been named Global Risk and Underwriting Leader for GE Employers Reinsurance Corporation's (ERC) newly formed Global Property and Casualty business unit.
Wright will be responsible for aligning GE ERC's P&C risk and underwriting approach, including the underwriting process and infrastructure, underwriting development and audit, as well as driving compliance.