GE to add Union Fidelity to its stable of insurers.(General Electric Capital Corp., Union Fidelity Life Insurance Co.)

National Underwriter Life & Health-Financial Services Edition, November, 1995 by Niedzielski, Joe

General Electric Capital Corp is acquiring Union Fidelity Life Insurance Co from Aon Corp for $400 million in a move that will expand and broaden GE's insurance business. Union Fidelity experienced strong sales growth in its life and accident/health insurance operations in 1993. The acquisition of Union Fidelity, a direct marketer of accident, credit, disability, health and life insurance products, broadens GE's offerings of specialty insurance products. Aon Corp also is shopping its Life Insurance Co of Virginia subsidiary.

GE Capital's announcement that it will buy Aon Corp.'s Union Fidelity Life Ins. Co. for $400 million, will broaden GE's specialty lines of insurance business while freeing Aon to focus on its burgeoning brokerage and consulting operations, analysts...

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