GE Global Asset Protection Services Relocates to New York City; Move Puts the Global Consulting Organization Closer to Customers and the Brokerage Community HARTFORD, Conn.--(BUSINESS WIRE)--Feb. 27, 2002--GE Global Asset Protection Services today announced the location of its headquarters as New York City. The leadership team had previously been based in Hartford, Connecticut.
GE Capital to Acquire Time Retail Finance From Kingfisher PLC And Enter Into Agreements With Their Leading UK Retailers - B&Q And Comet LONDON--January 28, 2002--GE Capital, the financial services arm of the General Electric Company, announced today that its Global Consumer Finance division will acquire Kingfisher plc's in-house finance operation, Time Retail Finance, for (pound)149 million (based on the balance sheet of 31st January 2001).
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STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 24, 2002--GE Capital, through its Commercial Real Estate and Commercial Finance businesses, and DaimlerChrysler (Global Share: DCX) announced today that they have entered into a definitive agreement for GE Capital to acquire DaimlerChrysler Capital Services' Commercial Real Estate and Asset Based Lending portfolios.
DaimlerChrysler Capital Services is a wholly owned subsidiary of DaimlerChrysler. Under the terms of the agreement, DaimlerChrysler will receive $1.2 billion for the portfolios in an all cash transaction.
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GE's Specialty Insurance Business Names National Sales Leader CHICAGO--(BUSINESS WIRE)--Jan. 8, 2002--GE Employers Reinsurance Corporation (ERC) named Nicholas D. Gassman, ARM, CIC, as Vice President of Sales for its specialty insurance group.
The specialty insurance group is comprised of Coregis Insurance Company and Westport Insurance Corporation, and insures non-medical professionals, schools, public entities and special districts throughout the United States.