Aug
18
Bajaj Allianz Star Package Covers Multiple Risks in One Policy
Filed Under Allianz, Health Insurance, Income Protection, Life Insurance, Medical Insurance, Uncategorized | 1 Comment
India-based joint-venture Bajaj Allianz General Insurance Company has launched a new policy dubbed the Star Package Policy, which provides modular coverage of up to eight separate risks, ranging from health insurance coverage to home contents insurance.
Star Package provides eight coverage options which are a mix of health insurance, life insurance and general insurance risks. The policy options are incredibly flexible, offering a variety of choices in sums insured for each policy module, as well as family floaters and further options depending on the policy module. The policy requires that a minimum of three coverage options be selected when the policy is taken out. The eight coverage options are: hospital cash, health guard, critical illness, personal accident, education grant, householders contents, traveling baggage, and public liability.
The hospital cash section provides fixed cash benefits to the policy holder for every day someone covered under the policy is hospitalized for up to 30 days, relative to the sum insured. The health guard option offers cashless benefits and reimbursement for medical treatment at hospitals within Bajaj Allianz’s network, with additional options such as organ transplant cover, and medical evacuation, reconstructive surgery and physiotherapy cover.
Critical illness cover pays a lump sum benefit should the insured be diagnosed with a critical illness, subject to the conditions of the policy. The personal accident module provides coverage for the death, permanent total disability (PTD), permanent partial disability (PPD), and temporary total disability (TTD) of the policy holder, paying sums based on the sum insured as well as providing reimbursement of up to 40% of medical expenses incurred.
The education grant section pays the sum insured towards the continuing costs of education for the policyholder’s child or children in the event of the policyholder’s death or permanent total disability. The householder contents module functions the same as first loss basis coverage under Bajaj Allianz’s Standard Fire policy (including earthquakes).
The traveling baggage option pays the policyholder in respect of lost baggage while on tour or holiday. The last module, public liability, protects the insured’s legal liability for bodily injury or damage to the property of third parties.
As mentioned earlier, many of the policy sections offer family floaters, whereby spouses or children can be covered under that policy section for an additional premium. The policy does come with a number of premium discounts as well; with a minimum of 3 options selected, signing up for 4-5 policy sections gets a 10% discount, while opting for 6-8 of the policy sections receives a 15% discount on the premium. Bajaj Allianz also offers long term policy discounts with a 10% discount for 2 years and 15% for 3 years.
Insurance Company Mentioned:
Bajaj Allianz General Insurance Company
Established in early 2001, Bajaj Allianz General Insurance Company Limited is a joint-venture company between Bajaj Finserv Limited and Allianz SE, whereby Bajaj Finserv holds a 74% stake, with Allianz SE holding the remaining 26%. Bajaj Allianz has a network spanning over 200 towns across India and has a paid up capital of INR 1.1 billion (USD 23.6 million).
Aug
18
Singapore’s Great Eastern Holdings Acquires Tahan Insurance in Malaysia
Filed Under Insurance Company, International Healthcare, Life Insurance, Uncategorized | Leave a Comment
The RM15 million (US$4.7 million) acquisition of Tahan Insurance by Singapore listed Great Eastern Holdings has been given approval by Bank Negara. The takeover will be completed by Great Eastern Holdings wholly owned Malaysia insurance company, Overseas Assurance Corporation Malaysia (OACM), who already operate in the Malaysian general and life insurance market.
Bank Negara, Malaysia’s central bank, took control of Tahan Insurance after the previous Malaysian owners, namely Idaman Uggul Bhd, were unable to meet the Malaysian Central bank’s capital threshold requirements.
Bank Negara has been looking for prospective buyers since it took control of Tahan Insurance, with numerous interested parties, including Fairfax Asia, Tokio Marine Asia and Allianz Malaysia, all failing to negotiate terms.
In May 2009, Pricewaterhouse Coopers (PwC) were instructed by Bank Negara Malaysia to find buyers for the general insurer Tahan Insurance, with Great Eastern Holding finally negotiating a deal in August 2010. The potential purchase of Tahan Insurance is still subject to final approval by regulators, but the deal is expected to be completed by the fourth quarter of this year.
Great Eastern Holdings will complete the acquisition of Tahan Insurance through its life and general insurance subsidiary Overseas Assurance Corporation Malaysia (OACM), a wholly owned Malaysian enterprise. The acquisition is expected to cost Great Eastern Holdings approximately RM15 million (US$4.7 million ) and further cement OACM’s presence in the Malaysian insurance industry. This will mean that OACM will obtain an increased number of policyholders in the Malaysian insurance industry and gain access to Tahan range of insurance products, which include; motor, health, medical care and travel insurance.
Great Eastern Holdings Group CEO -Mr Ng Keng Hooi said, “This is one of our plans for OACM to play a more significant role in the general insurance industry. Based on the Group’s strong track record and financial resources, we are confident and well positioned to expand this business and achieve greater growth in the years ahead.”
The takeover by Great Eastern Holdings is part of a strategy to expand their business activity in Malaysia, with Mr Ng Keng Hooi further saying: “From the commercial point of view, there are opportunities to expand our customer base and synergise our products and distribution strengths. The synergy created from the acquisition will further strengthen OACM’s vision to become the general insurer of choice in Malaysia.”
In December 2009, OACM’s network in Malaysia stood at 12 branches and 6 servicing offices, with more than 2600 insurance agents. This business generated a gross premium income of RM223 million (US$ 70.4 million), with total assets exceeding RM380million (US$ 120 million).
OACM and Tahan Insurance are expected to sign a Business Portfolio Transfer Agreement shortly; allowing them to file an application to the High Court of Malaya for final approval and transfer of business from Taham to OACM. In the interim period Tahan policyholders will continue to be served by Tahan insurance until final takeover is completed.
Insurance Companies Mentioned:
Overseas Assurance Corporation (OAC)
Overseas Assurance Corporation (OAC) is the oldest composite insurer in Singapore handling both life and general insurance. Since December 2000 when it became a fully-owned subsidiary of Great Eastern Holdings, its focus has been on strengthening its bancassurance business, with its products distributed through OCBC Bank’s banking network throughout Singapore. It also provides general insurance in Singapore and Malaysia.
Great Eastern
Great Eastern is the oldest and most established life insurance group in Singapore and Malaysia. With $50.9 billion in assets and 3.8 million policyholders, it has two successful distribution channels – the tied agency force and bancassurance. The Company also operates in China, Indonesia, Vietnam and Brunei.
Tahan Insurance
Tahan Insurance Malaysia Berhad provides a range of services in the general insurance business and life assurance. It underwrites general business, such as motor, fire, accident, marine, aviation, and engineering, as well as life.
Aug
10
French financial services firm BNP Paribas and Paris-based AXA Group have mutually agreed to renew their long-standing agreement, dating back to December 2005, through various industrial projects for an additional three years. The recently signed new agreement will be automatically renewed in an annual basis.
The AXA Group is a global provider of insurance and asset management to more than 96 multinational clients in 57 countries. BNP Paribas operates across Europe through several business lines, with four domestic retail banking markets in France, Italy, Belgium and Luxembourg, having an overall business presence in 84 countries worldwide.
Taking into account the impending regulatory developments for financial institutions, the new agreement incorporates all the principal terms contained in the original 2005 agreement, save for the clauses dealing with the extension of the mutual commitments between BNP Paribas and AXA to maintain minimum cross shareholding participations. However, at present both companies have not contemplated the unwinding of such participations.
As an example of another recent collaboration, towards the end of last month AXA and BNP Paribas announced the extension of their partnership to take the 3rd place by market share in the Ukrainian property and casualty (P&C) insurance market. This was possible through the acquisition of 99 percent of the share capital of Vesko, the 6th largest P&C insurer in Ukraine. The deal was made between AXA and UkrSibbank, the Ukrainian banking subsidiary of BNP Paribas. This transaction is still subject to regulatory approvals, and the deal is expected to be completed before the end of this year.
Companies mentioned:
AXA Group is a worldwide leader in Financial Services. Head-quartered in Paris, the AXA Group companies are engaged in life insurance, health insurance and asset management services among others. AXA’s operations are diverse geographically, with major operations in Europe, North America and the Asia/Pacific area.
BNP Paribas is a European leader in global banking and financial services and one of the six strongest banks in the world. Present across Europe through all its business lines, the Group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg. It has one of the largest international networks with operations in 84 countries and 201,100 employees, including 158,800 in Europe, 15,100 in North America and 10,600 in Asia.
Aug
4
Elderly Britons Urged To Get Medical Cover When Abroad
Filed Under Expat Insurance, Medical Insurance, Uncategorized, United Kingdom | 5 Comments
The Foreign Office is encouraging elderly Britons who go abroad to ensure they have full medical cover. A report released in July 2010 found many elderly British holidaymakers traveling abroad lacked adequate medical cover or had no cover at all.
The British Behaviour Abroad report – complied by global foreign office staff – analyzed insurance taken by British travelers during the period between April 2009 and March 2010. It highlighted the need for British nationals to have sufficient medical care when abroad.
The report concluded that people buy travel insurance but often fail to declare pre-existing medical conditions thus leading to policies becoming invalid. Consequently travelers are left to fund medical costs from their own pockets.
British consular assistance was required for hospitalization a total of 3,689 times during the review period, with Spain being the main country where medical aid was required. Other destinations featuring highly were the USA, Egypt, France, China, Pakistan, Thailand, Greece, Australia and Italy. The report highlighted the fact that consular offices in foreign countries are only able to assist with hospitalization needs for British nationals, but cannot pay patients medical bills.
As an example the British foreign office in the USA was required to facilitate assistance for a couple who did not declare the husband’s double heart bypass before departure, rendering the medical insurance policy held invalid. The consular team was able to arrange a repayment plan with the hospital for the couple to meet the medical costs. Prior to the consular team’s involvement, the couple had already paid US$10,000 (£6,500) towards medical costs incurred; assistance was required when the medical costs spiraled upwards.
The foreign office found that 19% of British travelers leave their home without any form of medical insurance. Many people believing their credit card accident cover, home insurance or private health cover will be sufficient to cover all eventualities when they are abroad – without realizing that this in fact is not the case. Comprehensive travel and medical insurance are required to give individuals proper cover when overseas.
In addition to the foreign office report, the Association of British Insurers (ABI) also announced that the total medical bill payment for 2009 reached £274 million (US$393 million ) – or £5.3 million (US$8.4 million) a week (US$8.4 million). The cost of medical expenses has increased over 270% in the last 5 years. The ABI said 336,000 claims were made for overseas emergency medical treatment in 2009 – a number that has tripled in the last 5 years. The cost of medical treatment accounts for 60% of the total cost of all claims paid by travel insurers.
The ABI’s Director of General Insurance and Health, Mick Starling said: “The often high costs of overseas medical treatment make travel insurance essential for anyone traveling abroad. All travelers should ensure that they take details of emergency medical helpline telephone numbers included in their travel policy to call for advice and help should they fall ill.”
A claim dealt with by an insurer included a £49,000 (US$78,000) payment for a traveler who required a coronary artery bypass and an emergency flight home, when he was taken ill in the USA. There was also a claim for a policy holder who was taken ill while on holiday in Cyprus – suffering from severe, allergic reaction; £9,000 (US$14,000) was paid out by the insurer. These figures highlight the necessity for proper medical insurance for British travelers.
Travelers or expatriates who do not have adequate medical and travel insurance, face the potential of having to fund costs for emergency medical services form their own pockets. The financial cost for air ambulance services can be £35,000 (US$ 55,000) or more and for repatriation from the East coast of the USA or a schedule flight from Australia with a doctor escort can be £15,000 (US$ 23,000) or more.
When taking out travel insurance policy cover the traveler should ensure it includes – medical and health cover for an injury or sudden illness abroad, 24-hour emergency assistance, personal liability cover, cancellation and curtailment, also specific extra cover is needed for activities such as adventure sports.
Mentioned Enterprises:
Association of British Insurers
The ABI (Association of British Insurers) represents the collective interests of the UK’s insurance industry. The Association speaks out on issues of common interest; helps to inform and participate in debates on public policy issues; and also acts as an advocate for high standards of customer service in the insurance industry.
The Foreign and Commonwealth Office
The Foreign and Commonwealth Office – the Foreign Office for short – is the government department responsible for promoting British interests overseas and supporting our citizens and businesses around the globe.
Jul
29
CIRC Approves Financial Restructuring of China-based Sun Life Everbright
Filed Under Uncategorized | 2 Comments
China-based Sun Life Everbright Life Insurance announce that China insurance regulators have approved the insurers proposed restructuring. The revamp will result in additional strategic investors buying shares in the joint venture, increasing operating capital.
China Everbright formed a joint venture with Canadian owned Sun Life in 2002, resulting in Sun Life Everbright. A venture which resulted in both companies expanding their exposure across China. This provided a broad range of individual products including life and health insurance. The partnership between Everbright and Sun Life resulted in 18 offices within China
The revamp of Sun Life Everbright ends the Sino-foreign joint venture and opens the doors that will eventually turn the company into a Chinese-owned entity. China Life Everbright will retain a 50% share, while China North Industries Group Corporation and Anshan Iron and Steel Group Corporation each obtain 12.5% of the life insurer. Sun Life still retain a 325% interest in Sun Life Everbright after the company has fully completed the repositioning. The Canadian-based Sun Life will also continue to provide services – such as risk management and actuarial services – to Sun Life Everbright.
When plans were first announced, CEO of Sun Life Financial, Donald Stewart, Said “This strategic restructuring is in the best long-term interest of our shareholder and secures out participation in the tremendous growth and promise of China life insurance and broader financial services market.”
At present Sun Life Everbright is ranked 15th largest life insurer in China, although with the restructuring Sun Life Everbright aims to rapidly expand its market penetration across China. In recent years the financial and insurance industry has seen considerable action from foreign and domestic firms competing to strengthen their participation in the profitable far-east economy.
Tang Shuangning, Chairman of China’s Everbright Group, said when first announcing the restructuring plans in 2009: “This important agreement strengthens the strategic partnership between Sun Life and China Everbright. It will advance mutual support and the common interests of both companies to grow, to serve Chinese consumers, and to achieve a larger share of the Chinese domestic protection market.”
Sun Life Everbright’s new business model paves the way for the company to take a more aggressive approach to business opportunities in China and its hinterland. The revamp comes at a time when insurance and financial sectors are seeing increased activity from local Chinese companies and foreign firms looking to take full advantage of the growth opportunities in the Chinese economy. Demand for insurance products – particularly health insurance – is a key source of activity for new business.
Sun Life Everbright Life already has a strong presence in major areas within China – including: Beijing, Zhejing, Jiangsu, Shanghai, Guangdong and Chongqing.
Insurance Companies Mentioned:
Sun Life Financial
Sun Life Financial is an international financial services organization providing a range of protection and wealth accumulation products and services to individuals and corporate customers.
Sun Life Everbright Life Insurance Co. Ltd
Sun Life Everbright Life Insurance was established in April 2002. It’s shareholders include China Everbright Group, Canada’s Sun Life Financial Group, China North Industries Group Corporation and Anshan Iron and Steel Groups, based in Tianjin
Jul
28
Zurich Financial Services Group (Zurich) has appointed Dan Dunmoyer as the new Head of Government And Industry Affairs (GAIA) for the Americas, with his base located in Los Angeles, California. Mr. Dunmoyer as the Chairman for Zurich GAIA will be reporting to both Paul Hopkins, Regional Chairman of Zurich in the Americas and Peter Buomberger, Group Head of GAIA International. Mr. Dunmoyer will lead all the state and federal legislative and regulatory affairs activities for Zurich.
Back in December 2008, Mr. Dunmoyer joined Zurich as Senior Vice-President of government and industry affairs and head of state legislative and regulatory affairs.
Before joining Zurich, Mr. Dunmoyer was chief cabinet secretary and deputy chief of staff at the California Government. During the period from 1996 to 2005 Mr. Dunmoyer worked in the private sector and was president and CEO of the Personal Insurance Federation of California.
Mr. Dunmoyer was alumni of the University of Southern California, where he obtained a bachelors degree in political science and a masters degree in public administration.
Insurance Company mentioned:
Headquartered in Zurich, Switzerland, Zurich Financial Services Group is an insurance-based financial services provider with a network of subsidiaries and offices in North America and Europe and also in Asia-Pacific, Latin America and other markets. Zurich is one of the world’s largest insurance groups, and one of the few to operate on a truly global basis. With 60,000 employees serving customers in more than 170 countries, our business is concentrated in three business segments: General Insurance, Global Life, and Farmers.
Jul
20
Jason Sadler has been named as the new CEO of CIGNA International Health, Life & Accident operations.
Filed Under CIGNA, Insurance Company, International Healthcare, Uncategorized | 2 Comments
Mr Sadler will oversee the operations from Hong Kong, as CIGNA aim to further expand the business globally. As from the 19th of July, 2010, the former HSBC MD will take the reins of CIGNA in Hong Kong, to lead the Health, Life & Accident (HL&A) push for growth in the international market.
CIGNA International President William L. Atwell said “ With his breadth of experience and strong leadership skills, I’m confident he’ll be a great success in leading our team to meet our aggressive growth objectives – particularly in Asia.”
The appointment of Mr Sadler, follows an aggressive business strategy which has been implemented by CIGNA early this year. The experience of the new CEO is likely going to play a pivotal role in the drive to augment the global reach of the health service company.
Prior to becoming CEO of IH&A, Mr Sadler spent 16 years with HSBC serving in the UK, Singapore and Hong Kong. Recently he held the position of managing director of the HSBC insurance business for Hong Kong, responsible for the life, general, medical and corporate retirement business.
With a total of 21 years of experience in the industry, Mr Sadler’s appointment as CEO of CIGNA International Health, Life & Accident comes at a critical time, as the company accelerates their global operations, with particular focus on the Asian market. Mr Sadler is leaving the post of Insurance Business Managing Director for HSBC in Hong Kong, Insurance Asian Limited, a position he has held since 2007; previously he was CEO of HSBC Singapore Pte Limited.
Mr Sadler graduated from Swansea University, United Kingdom with a Bachelor of Science in Business Studies. Previously Sadler held management positions in the UK, with AXA insurance and Zurich Financial Services.
The appointment of Mr Sadler comes as CIGNA aim to increase their market share, especially in Asia. As the Asian healthcare market expands – particularly in China – CIGNA plans to implement an aggressive strategy that aims to take advantage of the rapidly increasing demand for insurance packages that provide better coverage than the government-provided plans.
Insurance Companies mentioned:
CIGNA- A global health service company dedicated to helping people improve their health, well being and sense of security. CIGNA Corporation’s operating subsidiaries provide an integrated suite of medical, dental, behavioral health, pharmacy and vision care benefits, as well as group life, accident and disability insurance, to approximately 46 million people throughout the United States and around the world.
HSBC- Is one of the largest banks and financial services organizations in the world. It has a global presence that consists of 9,500 offices across 86 countries and territories in Europe, the Americas, the Asian- Pacific region, the Middle East and Africa. HSBC Insurance (Asia-Pacific) Holdings Limited is a wholly owned subsidiary of The Hong Kong and Shanghai Banking Corporation Limited, the founder member of HSBC Holdings plc, the London-based holding company of the HSBC Group. Three insurance underwriters collectively form HSBC Insurance (Asia-Pacific) Holdings Limited: HSBC Insurance (Asia) Limited, HSBC Life (International) Limited and HSBC Insurance (Singapore) Pte Limited.
Mar
16
Aviva UK Health has added another product to its group risk lineup, with the new group critical illness insurance product giving it one of the broadest ranges of policy options in the top four group insurers.
Aviva said the new product was in response to customer demand for cheaper benefits for employees that can be included in a flexible benefits scheme and also cited the fact that the group critical illness market has seen the fastest premium income growth per annum out of any risk group in the last few years.
The group critical illness product allows for a choice between a standard list of procedures and illnesses or an extended list of coverage. All pre-existing conditions have been excluded from coverage in order to streamline the application process and reduce administration, removing the need for full medical underwriting. The group critical illness product pays benefits up to five times the worker’s salary with a maximum of £500,000 (US$752,608).
The way Aviva’s new product is intended to work is that once the employee has been diagnosed with an illness on the pre-determined list or has a surgical operation on the list and survives for 14 days, then the employee is paid a cash lump sum which they can use as they see fit, such as to pay for treatment or pay off mortgages, bills, etc.
Companies Mentioned:
Aviva UK Health
The UK Health insurance branch of Aviva Group is the UK’s third largest private medical insurer. They have 1800 employees providing health insurance and income protection plans to individuals and corporate clients from the largest of companies to small and medium enterprises.
Feb
2
Taking into consideration that a large number of American retirees may relocate to Mexico in the coming years, the Mexican Health Ministry recently expressed the possibility that in addition of the sunny beaches the country currently offers to visitors, medical treatments and surgeries could be offered as well.
Medical Tourism
With the support of other federal agencies, during the next couple of years the Mexican Ministry of Health plans to create the infrastructure for medical tourism, including private medical facilities as well as training of bilingual Spanish-English caregivers. The Health Ministry announced that eight private institutions accredited by a joint US-Mexico commission have already attained certification under the standards of this bi-national commission.
Other nations whose private sector is already benefiting from this newly created global market include Brazil, Costa Rica, Thailand, India and other Asian countries such as Cambodia and Vietnam, which are quickly catching up with this medical tourism trend.
Pilot programs to train bilingual nurses are currently in the stage of preparation, and one strategy being adopted to mitigate the risk of brain drain towards higher pay offered in the US is to focus the training on higher-tier sectors of the Mexican health care delivery such as plastic surgery and other specialized treatments.
In a traditional Mexican tourist town such as Puerto Vallarta, there are already indications that cheaper treatment fees for coincidental visits to the doctor or dentist are being noticed and appreciated by sick tourists.
The pamphlet of a local medical services provider advertises specialists, family doctors and even psychologists. The website of this particular Hospital with headquarters in the city of Guadalajara lists foreign insurance companies with which it currently works, accepting their payments. Some of the insurance companies listed include Cigna, Aetna and International Health Insurance of Denmark.
The success of the Mexican Ministry of Health’s medical tourism initiative will depend on various trends related to the socioeconomic, political and security situations at the borders of both countries. Right now the current levels of violence in the border region will likely affect the potential growth in the short-term. Depending upon the outcome of the health care reform in the US, and whether costs are increased as a result of the legislation being passed, the initiative would have better chances of succeeding.
Insurance companies mentioned:
Cigna
For more than 125 years, CIGNA has been helping people lead healthier, more secure lives. The company provides health care and related benefits offered through the workplace. Key product lines include health care products and services (medical, pharmacy, behavioral health, clinical information management, dental and vision benefits, and case and disease management); and group disability, life and accident insurance. In addition, CIGNA also provides life, accident, health and expatriate employee benefits insurance coverage in selected international markets, primarily in Asia and Europe.
Aetna
Aetna offers a broad range of traditional and consumer-directed health insurance products and related services. These include medical, pharmacy, dental, behavioral health, group life, long-term care and disability plans and medical management capabilities. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans and government-sponsored plans.
International Health Insurance of Denmark
IHI was one of the first insurance companies in the world to offer international insurance plans. Over the last 30 years IHI has introduced more new products than any of the competitors including preventative services, health consulting services and online solutions for the convenience of our customers. In 2005 IHI were bought by the worlds largest health care provider Bupa and became a Bupa branch in 2009. Now we’re called ihi Bupa and continues to deliver the best in healthcare and travel-insurance.
Feb
1
GE Healthcare and Gulf Capital in Strategic Alliance to Provide Healthcare Services Across MENA Region
Filed Under Uncategorized | 1 Comment
The private equity firm Gulf Capital and General Electric’s Healthcare Division, GE Healthcare, are joining forces in an effort to start a chain of healthcare services and diagnostic centers in the Middle East and North Africa (MENA) region.
The partnership revolves around Gulf Capital either acquiring relevant companies already in business or starting new ventures while GE Healthcare will provide support via access to their international commercial products as well as corporate solutions and services. The chain of service centers will initially be rolled out in Egypt and Saudi Arabia offering medical imaging, physiotherapy, and dialysis, laboratory and oncological services as well. The chain will be moved on to other countries as business opportunities arise in the future.
GE Healthcare and Gulf Capital will be working closely with GE Capital Markets Corporate (CMC) which will provide financing solutions for the partnership including equipment financing and financial advisory services. As part of the deal, Gulf Capital will also gain access to GE Healthcare strategic and financial partners as well as GE’s full list of global business practices as well as the GE toolkit for best business practices.
The partnership looks to make a proactive move to provide advanced diagnostic capabilities in the Middle East as the region is seeing an increased incidence of diseases relating to lifestyle such as diabetes, heart conditions and obesity-related problems.
Companies Mentioned:
Gulf Capital – Founded in 2005, Gulf Capital is a private equity firm that focuses on creating growth through acquisitions and proactive management techniques employed in companies in their portfolio.
GE Healthcare – GE Healthcare is a unit of the General Electric Company that focuses on medical technology and services including medical diagnostic equipment, information technology and patient monitoring systems.
GE Capital Markets Corporate (CMC) – GE Capital is the financial services arm of General Electric International Incorporated. They provide a wide range of financial products and services to business clients, as well as developing strategic partnerships that hinge upon GE’s other industry specific branches.