GE, XL To Offer Joint Risk Management Services

May 24, 2002

A new agreement between GE Global Asset Protection Services, a unit of GE’s Employers Re group, and XL Winterthur International (XLWI), a member of the XL Capital Ltd. group, aims to give risk managers access to insurance protection and loss prevention services from a single point of contact.

A new agreement between GE Global Asset Protection Services, a unit of GE’s Employers Re group, and XL Winterthur International (XLWI), a member of the XL Capital Ltd. group, aims to give risk managers access to insurance protection and loss prevention services from a single point of contact.

“GE Global Asset Protection Services will provide the XL Winterthur International companies and their clients with a broad array of risk management services,”said the announcement; including, “candidate assessments, loss prevention field visits, risk mitigation efforts, plan reviews and generation of comprehensive risk assessment reports. In addition, XLWI customers will have access to a suite of web-based tools, including http://www.gegapservices.com and MyAnalysis(SM).”

Both GE Global and XLWI are leading providers of insurance, risk management and related products to international companies and organizations, and the tie up would seem to benefit both companies, as well as their clients.

Clive Tobin, President and CEO of XLWI, indicated as much stating that, “Our customers are Fortune 2000 companies that value technical sophistication and service. By combining the risk engineering and underwriting excellence of XLWI with the technical loss prevention expertise of GE Global Asset Protection Services, we’re able to deliver world-class risk management solutions to our customers.”

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