GE Delaying Plan to Split Off P&C Operations
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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