General Electric Capital Corp. is buying life insurer First Colony Corp. for $1.8 billion. Richmond, Va.-based First Colony owns First Colony Life Insurance Co. and American Mayflower Life ...

GE sold most of its insurance businesses before the financial crisis, but retained a business called North American Life & Health (NALH), within its GE Capital business. 65% of the policies that ...

These policies, which protect against nursing home and assisted living costs, have been hurt by soaring healthcare costs and longer life expectancies ... for GE Capital’s insurance operations ...

The process centered around long-term care policies written by primary insurance companies and reinsured by GE Capital's North American Life and Health portfolio. GE shares slid 2% in premarket ...

Around the insurance industry, long-term care policies have been hurt by soaring healthcare costs and longer life ... GE faces other legal troubles in its lending unit. GE Capital's discontinued ...

General Electric is selling most of the assets of its GE Capital unit ... It also spunoff its Genworth Financial (GNW) life and mortgage insurance unit a decade ago. "The successful IPO of ...

American multinational General Electric Co is planning to undertake a more comprehensive restructuring, a decade after the conglomerate hived off substantial businesses in a bid to concentrate on ...

Over the years, GE has gotten rid of most of GE Capital, its lending arm ... hurt by soaring healthcare costs and longer life expectancies. Other insurance companies have been forced to book ...

These policies, which protect against nursing home and assisted living costs, have been hurt by soaring healthcare costs and longer life expectancies ... for GE Capital’s insurance operations ...

General Electric Capital Corp. completed purchasing American Express Co.’s insurance unit for an undisclosed amount. The acquisition of Amex Life Assurance Co. is expected to strengthen GE ...