GE Plans Sale of Insurance Units

August 25, 2005

  • August 26, 2005 at 8:38 am
    W.G. says:
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    AS RON PRESSMAN REVEALS, INSURANCE AND REINSURANCE CARRIERS SHOULD NOT BE ‘TRAPPED’ INSIDE GE.GE WAS NOT FORCED TO BUY THE MANY HONORABLE CARRIERS FOR WHICH IT PAID GOOD MONEY.GE REPLACED WELL-TRAINED INSURANCE PROFESSIONALS AT CEO AND OTHER TOP LEVELS WITH PEOPLE WHO WERE SHORT-TERM WONDERS FROM OTHER GE DIVISIONS I.E.AIRCRAFT ENGINES AND PLASTICS.I FEEL SORRY FOR THE MANY LOYAL AND PROFESSIONAL EMPLOYES OF THE FORMER EMPLOYERS RE AND AFFILIATED CARRIERS.AS FOR GE-I HOPE THEY WILL STAY CLEAR OF OPERATIONS FOR WHICH THEY HAVE NO STOMACH.



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