In an attempt to reassure its investors, General Electric (GE) has announced that it has plans to revitalise its troubled insurance business.
The company sought to divest its insurance business a decade ago, but held on to policies that cover about 342,000 people. As a result, GE is expected to pay out over US$30 billion in claims over the next two decades, The Wall Street Journal reported.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.