Swiss Re Group Acquires GE Insurance Solutions
Tags: CONSOLIDATION & merger of corporations; GE Insurance Solutions Corp.; SWISS Reinsurance Co. Ltd.; INSURANCE companies; BUSINESS enterprises -- Finance
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- SWISS RE TO POWER UP WITH GE UNITS. Veysey, Sarah; Greenwald, Judy // Business Insurance;11/21/2005, Vol. 39 Issue 47, p1
This article reports on the decision of General Electric Co. to sell GE Insurance Solutions' property/casualty business to Swiss Reinsurance Co. The business unit is sold by GE to reduce its insurance operations. Swiss Reinsurance plans to acquire the business unit including reinsurance unit...
- 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...
- 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...
- GE's Risk Policy. Orr, Deborah // Forbes Asia;1/9/2006, Vol. 2 Issue 1, p20
The article reports on the plan of General Electric to sell its GE Insurance Solutions to Swiss Re in 2006. General Electric is selling the unit to Swiss Re for an amount less than book value. The company is also financing half the transaction by taking a stake of at least $3 billion in Swiss Re.
- Swiss Re Becomes Top Reinsurer With $6.8B Acquisition of GE Insurance. Pilla, David // Best's Review;Jan2006, Vol. 106 Issue 9, p101
The article reports that Swiss Re Group has acquired GE Insurance Solutions for 6.8 billion dollars. The deal will enable Swiss to raise up to 7.5 billion dollars in additional capital. On the other hand, the selling of GE's insurance operations will give the company a 10 percent stake in Swiss....
