SWISS RE TO POWER UP WITH GE UNITS
Tags: INSURANCE companies; PROPERTY insurance; REINSURANCE; CONSOLIDATION & merger of corporations; SWISS Reinsurance Co. Ltd.; GE Insurance Solutions Corp.
Related Articles
- Swiss Re Group Acquires GE Insurance Solutions. // Best's Review;Jul2006, Vol. 107 Issue 3, p102
The article reports on the completion of the acquisition of GE Insurance Solutions by Swiss Re Group. The company will work integrate the businesses which becomes the world's largest reinsurer over the next 18 months. $7.4 billion was paid by Swiss Re for GE Insurance Solutions. $2.4 billion...
- Swiss Re deal raises market concerns over concentration of risk. Bradford, Michael // Business Insurance;9/4/2006, Vol. 40 Issue 36, p24
The article addresses issues pertaining to the acquisition of GE Insurance Solutions (GEIS) by Swiss Reinsurance Co., making it the world's largest reinsurer. The deal has left market experts and observers wondering whether Swiss Re's clients that also had coverage with GEIS before its...
- Swiss Re Seeks Top Spot With GE Deal. // National Underwriter / P&C;12/19/2005, Vol. 109 Issue 48, p25
The article reports that Swiss Reinsurance Co., considered the world's second largest reinsurer, will acquire GE Insurance Solutions, considered the second largest reinsurer in the United States. It is expected that the acquisition will make Swiss Reinsurance surpass Munich Reinsurance and...
- Swiss Re's Deputy CEO: GE Deal Good For Many Reasons. Connolly, Jim // National Underwriter / Life & Health Financial Services;11/28/2005, Vol. 109 Issue 45, p7
The article discusses the $6.8 billion planned acquisition of the company GE Insurance Solutions from General Electric Company by Swiss Re Corp. One of the attractions of adding the GE operations to its existing business mix, is the broad regional client base of GE Insurance Solutions, which has...
- Swiss Re-GE Seek Happy Marriage. // National Underwriter / P&C;9/4/2006, Vol. 110 Issue 33, p14
The article reports on the outcome on the merger of Swiss Reinsurance Co. and GE Insurance Solutions Corp. in the U.S. According to A. M. Best, the merged companies financial performance shows a positive feedback despite the effect of catastrophes. He reveals that the acquisition also provides...
- Retro market shrinks further amid Swiss Re plan to cut back. Veysey, Sarah; Ladbury, Adrian // Business Insurance;9/25/2006, Vol. 40 Issue 39, p18
The article reports on the views of attendees at the Rendez-Vous de Septembre reinsurance meeting in Monte Carlo, Monaco, on the scarcity of worldwide retrocessional capacity. Swiss Reinsurance Co. announced at the meeting that it would not renew the book of retrocessional business it inherited...
- Retrocessional capacity still tight amid light cat season. Greenwald, Judy // Business Insurance;11/6/2006, Vol. 40 Issue 45, p20
The article reports on the continued tightness of retrocessional contracts amid the increasing demand for sidecars, catastrophe bonds and industry loss warranties in the U.S. In September 2006, Swiss Reinsurance Co. announced that it would not renew the book of retrocessional business it...
- GE. Deal Might Make Swiss Re Top Dog. Ruquet, Mark E. // National Underwriter / P&C;11/28/2005, Vol. 109 Issue 45, p6
The article reports on the plan of Zurich, Switzerland-based Swiss Reinsurance Co. to buy GE Insurance Solutions Corp. The move will make Swiss Reinsurance the biggest reinsurance firm in the world. The terms of the deal state that Swiss Re will pay $6.8 billion for GE Insurance Solutions,...
- Retro capacity likely to shrink due to Swiss Re deal. Bradford, Michael // Business Insurance;9/4/2006, Vol. 40 Issue 36, p25
The article considers the implications of the acquisition of GE Insurance Solutions by Swiss Reinsurance Co. on the global reinsurance market. Swiss Re has not yet made public how much retrocessional business it will accept, but it is widely believed that even though its newly acquired GEIS...
