GE Capital agrees to buy U.K. reinsurer Eagle Star
Article Abstract:
Eagle Star Reinsurance Co. Ltd., a reinsurance services provider headquartered in the UK, will be acquired by General Electric Capital Services from the former's parent organization, Zurich Financial Services Group, based in Switzerland, for an undisclosed amount. The purchase deal will enable GE Capital to enhance its presence in the UK reinsurance services market, according to Bernhard Fink, head of European operations for the Employers Reinsurance Corp. unit of GE Capital. The transaction is expected to be consummated by the end of 1998.
Comment:
Is set to sell Eagle Star Reinsurance Co to General Electric Capital Services for undisclosed amount
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Scor supports listing of Coface unit
Article Abstract:
Scor SA may list its export-credit unit Coface, but it will wait until market condition stabilizes. Although the company's chairman, Jacques Blondeau, supports Assurances Generales de France's plans to offer nearly 25% of its stake in Coface on the public market, he said that he does not plan to increase his company's 45% interest in Coface. Scor plans to concentrate on its reinsurance operations. Coface is 45%-owned by Scor, while Assurances Generales owns less than 25%. The rest of Coface is owned by French banks.
Comment:
May list its export-credit unit Coface, but it will wait until market condition stabilizes
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Munich Re says industry upswing is on the horizon
Article Abstract:
Munich Re AG announced that it has reached a deal on increasing reinsurance rates for renewed business. The company, which will raise rates by 11%, also said that the industry is currently in an "upswing."
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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