World Insurance Report
GE to delay spining off Employers Re
North America
Poor conditions in the equity markets have prompted the General Electric group to delay splitting off its property and casualty
reinsurance subsidiary,
Employers Re, into a separate entity. GE is following the example of
Zurich Financial Services which floated its reinsurance arm,
Converium (formerly known as Zurich Re). GE intends to retain a significant stake in
Employers Re.