GE Delaying Plan to Split Off P&C Operations

July 15, 2002

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.

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