Gerling Gets $150 Million, Dumps Surety

NU Online News Service, Jan 8, 10:05 a.m.EST?Gerling Global Reinsurance Corporation of Americayesterday announced a $150 million capital contribution from itsparent, Gerling Global Re of Cologne, Germany, and said it wouldeliminate some reinsurance product lines, including surety.

New York-based Gerling Global Reinsurance Corporation of Americasaid in a statement that the capital contributions will enable theU.S. company to maximize business opportunities in the currentreinsurance market environment and position the company for thefuture.

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