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.
Brookfield Targets Global Dominance in P/C Insurance Coverage 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims 
Truckers Who Fail English Tests Are Pulled Off Roads in Crackdown 
