Company Switzerland to buy KC-based activities GE
General Electric Co. agreement Friday with the sale of its almost century-Kansas City reinsurance company, with a loss of a multibillion-dollar light a slow growth business.
Swiss Re, which is headquartered in Zurich, Switzerland, buy most of GE Insurance Solutions for $ 6.8 billion in cash, storage and notes. Push-being of price adjustments of $ 7.6 billion.
General Electric expects a loss of $ 2.8 billion from the sale.
More than 750 of GE Insurance Solutions 2500 employees work in Kansas City and Overland Park, neither of the two companies on any specifics of the loss of jobs resulting from the merger. The headquarters of the merged entity operations in the USA would Armonk, NY, Swiss Re has its U.S. headquarters.
Top officials of two companies plan to set with staff at Kansas City on Monday.
GE Insurance Solutions’ local ties began in 1911, when he moved this destination, from Houston, where it was created three years ago.
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