Coregis Strengthened Through Consolidation.Business Editors CHICAGO--(BUSINESS WIRE)--July 16, 2001 A. Louis Parker, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GE Commercial Insurance, today announced the consolidation of the operations of Coregis Insurance Company and the affinity insurance business of Westport Insurance Corporation into a single operational unit. The union of the two commercial insurance operations strengthens each organization by enabling both to offer a broader range of products and services to existing distribution partners and insureds. Parker comments, "This creates a $400+ million Commercial Insurance operation in Chicago, which is uniquely structured to meet the specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. needs of individual customer groups, such as public entities, lawyers, accountants, insurance agents, architects and engineers." Coregis Insurance will remain the brand for Public Entity products and services. This newly formed operation within GE Commercial Insurance will be led by Mike Gill gill, in weights and measures gill, in weights and measures: see English units of measurement. . Gill is a seasoned insurance professional with more than 25 years of experience and a proven GE leader. He comments that he is glad to have the opportunity to build upon the current positive momentum within both organizations. "I believe in the niche insurance The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. model," cites Gill. "Our strength is our in-depth understanding of specialized customer groups. This knowledge coupled with our outstanding financial strength provides an excellent platform for growth." The outgoing Coregis leader, Sally Hawk hawk, name generally applied to the smaller members of the Accipitridae, a heterogeneous family of diurnal birds of prey, such as the eagle, the kite, the Old World vulture, and the secretary bird. , will be pursuing other career opportunities within the General Electric organization. She comments: "I have enjoyed the opportunity to lead this organization. I remain convinced that Coregis Insurance is uniquely positioned to meet the needs of America's Public Entities." The Coregis Insurance Company, America's Public Entity Insurer(TM), leads the public entity practice of the GE Commercial Insurance Company. Coregis Insurance is an A.M. Best "A" (Excellent) rated company. Westport Insurance Corporation is a specialty primary insurer with special expertise in professional coverage and niche property and casualty programs. Westport carries the highest ratings from Standard & Poor's (AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. ) and A.M. Best (A++/XV). GE's Coregis and Westport are key players within GE Commercial Insurance, a part of the ERC (database) ERC - An extended entity-relationship model. group of companies. |
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