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After struggling for more than a year to sell its stake in Gerling, the crumbling insurance concern, Deutsche Bank is close to throwing in the towel. The bank said it would take another Ђ500m (US$552m) hit on its 34.5 per...
#bank#Deutsche Bank#insurance
Gerling-Konzern, the struggling German insurance group, is reported finally to be making some headway in the planned sale of Gerling…
German insurer Gerling-Konzern Allgemeine Versicherungs said that it received the go ahead from a German court to sell its reinsurance…
#bank#Deutsche Bank#financial services
Standard & Poor's Ratings Services said today it lowered to 'BB+' from 'BBB' its long-term counter party credit and insurer…
#DEC#insurance#management
GE achieved a record $15.1 billion in earnings in 2002, a 7% increase over 2001, and, excluding progress collections, generated…
#commercial finance#economy#i
Gerling Group said it has reached a deal to divest its reinsurance operations to a consortium headed by a former…
#insurance#reinsurance#risks