Gerling Gets $150 Million, Dumps Surety
NU Online News Service, Jan 8, 10:05 a.m. EST?Gerling Global Reinsurance Corporation of America yesterday announced a $150 million capital contribution from its parent, Gerling Global Re of Cologne, Germany, and said it would eliminate some reinsurance product lines, including surety.
New York-based Gerling Global Reinsurance Corporation of America said in a statement that the capital contributions will enable the U.S. company to maximize business opportunities in the current reinsurance market environment and position the company for the future.
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