Close Close
ThinkAdvisor

Life Health > Life Insurance

GE May Sell Life Reinsurance Business

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 21, 1:07 p.m. – General Electric Company, Fairfield, Conn., may sell the life reinsurance business at its Employers Reinsurance Corp. unit, company executives said today during a presentation distributed on the Web.

The reinsurance unit generates about $8 billion in revenue per year, but General Electric says it will have to take a $1.4 billion charge to increase the unit’s claims reserves.