General Electric Co. has put on hold plans to split off its property-and-casualty insurance operations, according to a Wall Street Journal report.
Earlier in the year, GE was talking about splitting off Employers Reinsurance Corp, which underwrites the risk of other insurers, with a partial initial public offering.
‘Due to reported losses however the company reports it will delay the proposed spin-off.
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Preparing for an AI Native Future 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
