UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  -------------
                                    FORM 10-Q
                                  -------------


           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                For the quarterly period ended September 28, 2002
                                               ------------------


                                       OR


          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                For the transition period from ________to________


                                 --------------
                         Commission file number 0-27394
                                 --------------


                     GE Global Insurance Holding Corporation
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)


            Delaware                                    95-3435367
 (State or other jurisdiction of                     (I.R.S. Employer
  incorporation or organization)                     Identification No.)

 5200 Metcalf, Overland Park, Kansas                      66202
(Address of principal executive offices)               (Zip Code)

                                 (913) 676-5200
              (Registrant's telephone number, including area code)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No[ ]

At October 29, 2002, 1,000 shares of common stock with a par value of $5,000 per
share were outstanding.

REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION H(1)(a) AND (b)
OF FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED  DISCLOSURE
FORMAT.


<PAGE>
<TABLE>
<CAPTION>










                                                             TABLE OF CONTENTS

                                                                                                                               Page
                                                                                                                               ----
<S>                                                                                                                             <C>
    PART I - FINANCIAL INFORMATION.

    Item 1.                 Financial Statements.........................................................................        1

    Item 2.                 Management's Discussion and Analysis of Results of Operations................................        8

    Item 4.                 Controls and Procedures......................................................................       14


    PART II - OTHER INFORMATION.

    Item 6.                 Exhibits and Reports on Form 8-K.............................................................       15

    Signatures.             .............................................................................................       16

    Certifications Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.............................................       17

    Exhibit 12.             Computation of Ratio of Earnings to Fixed Charges............................................       19

    Exhibit 99.1.           Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the
                            Sarbanes-Oxley Act of 2002...................................................................       20

    Exhibit 99.2.           Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the
                            Sarbanes-Oxley Act of 2002...................................................................       21
</TABLE>

<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.
<TABLE>
<CAPTION>


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

       Condensed, Consolidated Statement of Current and Retained Earnings

                                   (Unaudited)


                                                                     Three months ended                     Nine months ended
                                                              --------------------------------      --------------------------------
(In millions)                                                 Sept. 28, 2002    Sept. 29, 2001      Sept. 28, 2002    Sept. 29, 2001
                                                              --------------    --------------      --------------    --------------
<S>                                                               <C>                <C>                <C>                <C>
Revenues
Net premiums written                                              $2,273             $1,110             $6,012             $5,157
                                                                  ======             ======             ======             ======

Net premiums earned                                               $2,116             $1,066             $5,826             $5,077
Net investment income                                                272                303                815                909
Net realized gains on investments                                    150                192                208                333
Other revenues                                                        30                 69                106                269
                                                                  ------             ------             ------             ------
Total revenues                                                     2,568              1,630              6,955              6,588
                                                                  ------             ------             ------             ------

Costs and Expenses
Claims, claim expenses and policy benefits                         2,125              1,662              5,432              4,929
Insurance acquisition costs                                          453                258              1,352              1,226
Other operating costs and expenses                                   181                158                544                549
Minority interest in net earnings of
   consolidated subsidiaries                                          22                 22                 66                 67
                                                                  ------             ------             ------             ------
Total costs and expenses                                           2,781              2,100              7,394              6,771
                                                                  ------             ------             ------             ------

Earnings (loss)
Loss before income taxes and cumulative effect of
      change in accounting principle                                (213)              (470)              (439)              (183)
Income tax benefit                                                   (90)              (232)              (184)              (153)
                                                                  ------             ------             ------             ------

Loss before cumulative effect of change in
    accounting principle                                            (123)              (238)              (255)               (30)

Cumulative effect of change in accounting principle                    -                  -                  -                (11)
                                                                  ------             ------             ------             ------

Net loss                                                            (123)              (238)              (255)               (41)
Dividends on preferred stock                                          (2)                (2)                (6)                (6)
Retained earnings at beginning of period                           4,866              5,397              5,002              5,204
                                                                  ------             ------             ------             ------
Retained earnings at end of period                                $4,741             $5,157             $4,741             $5,157
                                                                  ======             ======             ======             ======

</TABLE>

See Notes to Condensed, Consolidated Financial Statements.

                                       1

<PAGE>

<TABLE>
<CAPTION>




Item 1.  Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

             Condensed, Consolidated Statement of Financial Position


(In millions)                                                                   September 28, 2002         December 31, 2001
                                                                                ------------------         -----------------
                                                                                    (Unaudited)
<S>                                                                                   <C>                       <C>
Assets
Investments:
  Fixed maturity securities, at fair value                                            $19,090                   $19,769
  Equity securities, at fair value                                                        620                       641
  Other invested assets                                                                 4,579                     2,085
                                                                                      -------                   -------
  Total investments                                                                    24,289                    22,495

Cash                                                                                    1,226                       470
Premiums receivable                                                                     4,637                     4,376
Other receivables                                                                       1,788                     1,402
Reinsurance recoverables                                                               10,964                    10,367
Deferred insurance acquisition costs                                                    1,755                     1,615
Other assets                                                                            5,141                     4,393
                                                                                      -------                   -------

Total assets                                                                          $49,800                   $45,118
                                                                                      =======                   =======


Liabilities and equity
Claims and claim expenses                                                             $22,813                   $22,033
Accumulated contract values                                                             2,774                     2,909
Future policy benefits for life and health contracts                                    3,723                     2,965
Unearned premiums                                                                       3,323                     2,763
Other reinsurance balances                                                              3,856                     2,935
Other liabilities                                                                       3,912                     2,313
Long-term borrowings                                                                    1,655                     1,655
                                                                                      -------                   -------
  Total liabilities                                                                    42,056                    37,573
                                                                                      -------                   -------

Minority interest in equity of consolidated subsidiaries                                1,255                     1,183
                                                                                      -------                   -------

Accumulated non-owner changes in equity:
  Unrealized gains on investment securities - net                                         325                        23
  Foreign currency translation adjustments                                               (175)                     (241)
  Derivatives qualifying as hedges                                                         18                        (2)
                                                                                      -------                   -------
       Total accumulated non-owner changes in equity                                      168                      (220)

Preferred stock                                                                           150                       150
Common stock                                                                                5                         5
Paid-in capital                                                                         1,425                     1,425
Retained earnings                                                                       4,741                     5,002
                                                                                      -------                   -------
  Total stockholder's equity                                                            6,489                     6,362
                                                                                      -------                   -------

Total liabilities and equity                                                          $49,800                   $45,118
                                                                                      =======                   =======


See Notes to Condensed, Consolidated Financial Statements.

</TABLE>

                                       2

<PAGE>


Item 1.  Financial Statements (Continued).
<TABLE>
<CAPTION>



                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

                 Condensed, Consolidated Statement of Cash Flows

                                   (Unaudited)

                                                                             Nine months ended
                                                                  ---------------------------------------
(In millions)                                                     Sept. 28, 2002           Sept. 29, 2001
                                                                  --------------           --------------
<S>                                                                   <C>                      <C>
Cash from operating activities                                        $   809                  $   244
                                                                      -------                  -------

Cash flows from investing activities
Fixed maturity securities:
  Purchases                                                           (10,408)                 (11,408)
  Sales                                                                10,256                   11,618
  Maturities                                                            1,943                      712
Equity securities:
  Purchases                                                              (459)                    (310)
  Sales                                                                   442                      177
Net purchases of short-term investments                                (2,056)                    (906)
Net cash paid for acquisitions and in-force reinsurance
   transactions                                                           (25)                       -
Other investing activities                                                402                       43
                                                                      -------                  -------
  Cash from (used for) investing activities                                95                      (74)
                                                                      -------                  -------

Cash flows from financing activities
Change in contract deposits                                               (20)                     (13)
Net contract accumulation payments                                       (135)                     (61)
Proceeds from short-term borrowings                                       259                       87
Principal payments on short-term borrowings                              (156)                    (187)
Capital contribution received                                               -                      400
Proceeds from issuance of subsidiary preferred stock                       70                        -
Dividends paid                                                             (6)                      (6)
                                                                      -------                  -------
  Cash from financing activities                                           12                      220
                                                                      -------                  -------

Effect of exchange rate changes on cash                                  (160)                       4
                                                                      -------                  -------

Increase in cash                                                          756                      394
Cash at beginning of period                                               470                      196
                                                                      -------                  -------
Cash at end of period                                                 $ 1,226                  $   590
                                                                      =======                  =======

</TABLE>


See Notes to Condensed, Consolidated Financial Statements.


                                       3
<PAGE>


Item 1.  Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

              Notes to Condensed, Consolidated Financial Statements

                                   (Unaudited)


1.   The  accompanying  condensed,  consolidated  quarterly financial statements
     of GE Global Insurance Holding  Corporation ("GE Global Insurance") include
     the accounts and operations, after intercompany eliminations,  of GE Global
     Insurance  and  its  wholly-owned   subsidiaries,   Employers   Reinsurance
     Corporation, GE Reinsurance Corporation and Medical Protective Corporation.
     GE Global  Insurance and its  consolidated  subsidiaries  are  collectively
     referred to as "the Company."

2.   The   condensed,   consolidated   quarterly    financial   statements   are
     unaudited.  These statements include all adjustments  (consisting of normal
     recurring  accruals)  considered  necessary by management to present a fair
     statement of the results of operations,  financial position and cash flows.
     The results reported in these condensed,  consolidated  quarterly financial
     statements should not be regarded as necessarily indicative of results that
     may be expected for the entire year.

3.   The  Financial   Accounting   Standards   Board's  ("FASB")  Statement   of
     Financial  Accounting Standards ("SFAS") 142, Goodwill and Other Intangible
     Assets,  generally  became  effective  on January 1, 2002.  Under SFAS 142,
     goodwill is no longer  amortized but is tested for impairment  using a fair
     value methodology.

     The  Company  ceased  amortizing   goodwill   effective  January  1,  2002.
     Simultaneously,  to  maintain a  consistent  basis for its  measurement  of
     performance,  management revised previously-reported segment information to
     correspond  to the earnings  measurements  by which  businesses  were to be
     evaluated.  In  accordance  with the  requirements  of SFAS 131,  Reporting
     Segments of a Business  Enterprise,  previously  reported  segment  results
     (presented in footnote 6), have been  restated to be  consistent  with 2002
     reporting.  Goodwill  amortization  expense for the quarter and nine months
     ended  September 29, 2001, was $22 million ($18 million  after-tax) and $64
     million ($52 million  after-tax),  respectively.  The effect on earnings of
     excluding such goodwill  amortization from the third quarter and first nine
     months of 2001 follows:
<TABLE>
<CAPTION>

                                                               Three months ended                          Nine months ended
                                                        --------------------------------           --------------------------------
(In millions)                                           Sept. 28, 2002    Sept. 29, 2001           Sept. 28, 2002    Sept. 29, 2001
                                                        --------------    --------------           --------------    --------------

<S>                                                          <C>               <C>                      <C>               <C>
Loss before cumulative effect of change in
  accounting principle                                       $(123)            $(238)                   $(255)            $(30)
                                                             =====             =====                    =====             ====

Earnings (loss) before cumulative effect of
  change in accounting principle,
  excluding 2001 goodwill amortization                       $(123)            $(220)                   $(255)            $ 22
                                                             =====             =====                    =====             ====


Net loss                                                     $(123)            $(238)                   $(255)            $(41)
                                                             =====             =====                    =====             ====

Net earnings (loss), excluding 2001
   goodwill amortization                                     $(123)            $(220)                   $(255)            $ 11
                                                             =====             =====                    =====             ====

</TABLE>
                                       4

<PAGE>

Item 1.  Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

        Notes to Condensed, Consolidated Financial Statements (Continued)

3.  (continued)

     Under SFAS 142, the Company was required to test all existing  goodwill for
     impairment as of January 1, 2002, on a "reporting  unit" basis. A reporting
     unit is the operating  segment  unless,  at businesses one level below that
     operating segment (the "component" level),  discrete financial  information
     is  prepared  and  regularly  reviewed  by  management,  in which case such
     component is the reporting unit.

     A fair  value  approach  is  used  to  test  goodwill  for  impairment.  An
     impairment  charge  is  recognized  for the  amount,  if any,  by which the
     carrying  amount of  goodwill  exceeds  its fair  value.  Fair  values were
     established using discounted cash flows. When available and as appropriate,
     comparative market multiples were used to corroborate  discounted cash flow
     results.

     The result of testing  goodwill of the Company for impairment in accordance
     with SFAS 142, as of January 1, 2002, resulted in no impairment charge.
<TABLE>
<CAPTION>


                                                     At September 28, 2002                         At December 31, 2001
                                                 -----------------------------                 ----------------------------
     (In millions)                                Gross                                         Gross
                                                 Carrying         Accumulated                  Carrying        Accumulated
                                                  Amount          Amortization                  Amount         Amortization
                                                --------         ------------                 --------        ------------
<S>                                  <C>           <C>               <C>                         <C>              <C>
     Intangibles Subject to Amortization
     Present value of future profits ("PVFP")      $505              $(122)                      $267             $(102)
     Capitalized software                           188                (61)                       185               (43)
     All other                                       11                 (4)                       136               (29)
                                                   ----              -----                       ----             -----
     Total                                         $704              $(187)                      $588             $(174)
                                                   ====              =====                       ====             =====
</TABLE>


     The only changes to recorded  goodwill  during the nine-month  period ended
     September 28, 2002 were an addition of $104 million,  representing  amounts
     reclassified  from  other  intangible  assets  as of the  January  1,  2002
     adoption date of SFAS 142, and $26 million  relating to the  acquisition of
     an existing block of life and health  business  completed  during the third
     quarter  of 2002.  The  increase  in the gross  carrying  amount of PVFP is
     primarily  attributable to the acquisition of an existing block of life and
     health business completed during the third quarter of 2002.

     Amortization  expense related to intangible assets,  excluding goodwill for
     the  third  quarter  of 2002 and 2001,  was $14  million  and $15  million,
     respectively,  and for the first nine  months of 2002 and 2001 was each $41
     million. The estimated percentage of the December 31, 2001 net PVFP balance
     to be amortized over each of the next five years follows:

                2002 . . . . . . . . . . . . . . . . . .    10.1%
                2003 . . . . . . . . . . . . . . . . . .    10.1%
                2004 . . . . . . . . . . . . . . . . . .     9.7%
                2005 . . . . . . . . . . . . . . . . . .     9.2%
                2006 . . . . . . . . . . . . . . . . . .     7.6%

     Amortization  expense  for  PVFP in  future  periods  will be  affected  by
     acquisitions,  realized capital gains/losses or other factors affecting the
     ultimate  amount of gross profits  realized from certain lines of business.
     Similarly, future amortization expense for other intangibles will depend on
     acquisition activity and other business transactions.

                                       5
<PAGE>

Item 1.  Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

        Notes to Condensed, Consolidated Financial Statements (Continued)


4.   At  January  1, 2001,  the  Company   adopted  SFAS  133,  Accounting   for
     Derivative Instruments and Hedging Activities,  as amended. Under SFAS 133,
     all  derivative  instruments  are  recognized in the statement of financial
     position at their fair  values.  The  cumulative  effect of  adopting  this
     standard was a one-time  reduction of net earnings in the first  quarter of
     2001 of $11  million  and  comprised  a portion of the effect of marking to
     market options and currency contracts used for hedging.


5.   Changes  in  stockholder's  equity  that  did   not  result  directly  from
     transactions with the share owner were as follows:
<TABLE>
<CAPTION>

                                                                           Three months ended
                                                                  ---------------------------------------
     (In millions)                                                Sept. 28, 2002           Sept. 29, 2001
                                                                  --------------           --------------

<S>                                                                   <C>                      <C>
     Net loss                                                         $(123)                   $(238)
     Net unrealized gains on investment securities                      225                       25
     Foreign currency translation adjustments                           (59)                      42
     Derivatives qualifying as hedges-net changes in value                7                        9
                                                                      -----                    -----
     Total                                                            $  50                    $(162)
                                                                      =====                    =====
</TABLE>

<TABLE>
<CAPTION>

                                                                             Nine months ended
                                                                  ---------------------------------------
     (In millions)                                                Sept. 28, 2002           Sept. 29, 2001
                                                                  --------------           --------------

<S>                                                                   <C>                      <C>
     Net loss                                                         $(255)                   $(41)
     Net unrealized gains on investment securities                      302                      24
     Foreign currency translation adjustments                            66                      82
     Derivatives qualifying as hedges-net changes in value               20                       1
                                                                      -----                    ----
     Total                                                            $ 133                    $ 66
                                                                      =====                    ====
</TABLE>



6.   The Company's operating segment activity is summarized as follows:
<TABLE>
<CAPTION>

                                                                           Three months ended
                                                                  ---------------------------------------
     (In millions)                                                Sept. 28, 2002           Sept. 29, 2001
                                                                  --------------           --------------

<S>                                                                   <C>                      <C>
     Revenues
     Property/Casualty                                                $1,774                   $1,007
     Life                                                                794                      623
                                                                      ------                   ------
     Total revenues                                                   $2,568                   $1,630
                                                                      ======                   ======

     Earnings (loss) before income taxes and cumulative
        effect of change in accounting principle (1)
     Property/Casualty                                                $ (237)                  $ (518)
     Life                                                                 24                       70
                                                                      ------                   ------
     Total loss before income taxes and cumulative
        effect of change in accounting principle                      $ (213)                  $ (448)
                                                                      ======                   ======
</TABLE>

     (1) Amounts   for   2001   have   been   adjusted   to   exclude   goodwill
         amortization expense for consistent comparative purposes.

                                       6
<PAGE>


Item 1.  Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

        Notes to Condensed, Consolidated Financial Statements (Continued)


6.   (continued)
<TABLE>
<CAPTION>


                                                                            Nine months ended
                                                                  ---------------------------------------
     (In millions)                                                Sept. 28, 2002           Sept. 29, 2001
                                                                  --------------           --------------

<S>                                                                   <C>                      <C>
     Revenues
     Property/Casualty                                                $4,917                   $4,835
     Life                                                              2,038                    1,753
                                                                      ------                   ------
     Total revenues                                                   $6,955                   $6,588
                                                                      ======                   ======

     Earnings (loss) before income taxes and cumulative
        effect of change in accounting principle (1)
     Property/Casualty                                                $ (520)                  $ (341)
     Life                                                                 81                      222
                                                                      ------                   ------
     Total loss before income taxes and cumulative effect of
        change in accounting principle                                $ (439)                  $ (119)
                                                                      ======                   ======
</TABLE>

     (1) Amounts   for   2001   have   been   adjusted   to   exclude   goodwill
         amortization expense for consistent comparative purposes.


7.   During  the  quarter  ended   September  28,  2002,  Employers  Reinsurance
     Corporation (a subsidiary of the Company)  issued 700 shares of non-voting,
     cumulative  preferred  stock with a par value of  $100,000  per share to an
     affiliated  entity.  This  transaction  was  reflected  as an  addition  to
     minority   interest  in  equity  of   consolidated   subsidiaries   in  the
     accompanying condensed, consolidated statement of financial position.

     During the quarter ended September 29, 2001, GE Global  Insurance  received
     capital contributions from its parent, GE Capital Services,  Inc., totaling
     $580 million--$400 million in the form of cash and $180 million in the form
     of  other  assets.  The  $400  million  capital  contribution  was  made to
     replenish capital  sufficient to cover estimated losses associated with the
     events of September 11, 2001.

                                       7

<PAGE>


Item 2.  Management's Discussion and Analysis of Results of Operations.

A. Results of  Operations - Third quarter of 2002 compared with third quarter of
2001

Overview

GE  Global  Insurance  incurred  a loss  before  cumulative  effect of change in
accounting  principle of $123 million for the third quarter of 2002, as compared
to a loss of $238 million for the  comparable  period in 2001.  The loss for the
third  quarter  of  2002  is  primarily   attributable  to  the  recognition  of
approximately  $500 million of additional adverse  development  related to prior
year  loss  events.  Due to  the  impacts  of  existing  retrocession  coverages
purchased  by the  Company,  the  recording  of this  adverse  development  both
increased  incurred  claims and claim  expenses and decreased  premium  revenues
(principally due to higher levels of required ceded premiums).

There is a high  degree of  uncertainty  inherent in the  estimates  of ultimate
losses  underlying the liability for claims and claim expenses.  One reason that
leads to this  uncertainty  is the  extended  period,  often  many  years,  that
transpires   between  a  loss  event,   receipt  of  related  claims  data  from
policyholders  and/or  primary  insurers and ultimate  settlement  of the claim.
Management   continually   updates  loss  estimates   using  both   quantitative
information  from reserving  actuaries and  qualitative  information  from other
sources.  Based on information  available at the time, management makes its best
estimates of loss reserves and related  incurred  losses.  The level of reported
claims  activity  related to prior year loss events,  particularly  for the 1997
through 2000  underwriting  years,  has continued to accelerate at a rate higher
than anticipated, and has caused management to increase its estimate of ultimate
losses,  a  change  that  has  been  reflected  in  the  accompanying  financial
information.  The potential for further adverse loss developments in these areas
is highly uncertain.

The  significant   negative  impact  on  the  reported  third  quarter  of  2002
underwriting  results  from  adverse  development  on prior year loss events was
partially  offset by improved  current quarter  underwriting  results within the
property and casualty  insurance/reinsurance segment. The improvement in current
underwriting   results  is  principally  due  to  the  recent   hardening  price
environment  within the  overall  property  and  casualty  insurance/reinsurance
industry  coupled  with  management  actions  initiated  in 2001 to exit certain
product lines,  policies,  contracts and specific customers for which, given the
risk, acceptable future levels of profit did not seem achievable. Also adversely
impacting  the third quarter of 2002  operating  results as compared to the same
period of 2001 were a  reduction  of $73  million of  investment-related  income
(including both net investment income and net realized gains on investments),  a
reduction  in other  revenues  and an  increase  in other  operating  costs  and
expenses,  somewhat  offset by the  impact of SFAS 142,  which  resulted  in the
amortization of goodwill ceasing effective January 1, 2002.

The loss recorded in the third quarter of 2001 was primarily attributable to the
approximately  $575 million of underwriting  losses resulting from the events of
September 11, 2001.  Substantially  all of the gross losses  resulting from this
event  (estimated to be  approximately  $3.3 billion) are expected to be covered
under specific and/or aggregate  reinsurance programs in place and, accordingly,
the level of retained losses is not expected to be  significant.  Certain of the
referenced  retrocession  agreements  contain premium  adjustment  provisions in
which the Company is  required  to pay  additional  premiums.  These  additional
premiums  are  reflected  as  ceded  premiums--i.e.,   a  reduction  in  premium
revenues--and  totaled  $821  million.  In  connection  with the ceding of these
additional  premiums,  the Company is entitled to receive a ceding commission of
$246  million  (representing  30% of  the  related  ceded  premiums),  which  is
reflected  as a reduction  in insurance  acquisition  costs in the  accompanying
condensed,   consolidated  statement  of  current  and  retained  earnings.  The
estimated  gross losses  arising from the events of September 11, 2001 relate to
underlying  insurance  policies  and  reinsurance  contracts  providing  general
property,   general  liability,   aviation,   business   interruption,   workers
compensation and life and health-related coverages. The $575 million represented
management's  best estimate of its existing net liability  based on  information
available at that time and such estimate has not changed  significantly  through
the current date.

                                       8
<PAGE>



Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).

The   Company's   two   business   segments   are  (1)   property  and  casualty
insurance/reinsurance and (2) life reinsurance. Business is conducted throughout
the world  utilizing  the  Company's  network  of local  offices.  Although  the
movement in certain foreign  currency  exchange rates during 2002 and 2001 had a
slight  impact on the  individual  revenue and expense  categories,  the overall
impact on net earnings was not  significant.  The  Company's  operating  segment
activity is summarized as follows:
<TABLE>
<CAPTION>



                                                                            Third quarter ended
                                                                 ----------------------------------------
(In millions)                                                    Sept. 28, 2002            Sept. 29, 2001
                                                                 ---------------           --------------
<S>                                                                   <C>                      <C>
Revenues
Property/Casualty                                                     $1,774                   $1,007
Life                                                                     794                      623
                                                                      ------                   ------
Total revenues                                                        $2,568                   $1,630
                                                                      ======                   ======

Earnings (loss) before income taxes and cumulative
   effect of change in accounting principle (1)
Property/Casualty                                                     $ (237)                  $ (518)
Life                                                                      24                       70
                                                                      ------                   ------
Total loss before income taxes and cumulative
   effect of change in accounting principle                           $ (213)                  $ (448)
                                                                      ======                   ======
</TABLE>

(1) Amounts for 2001 have been adjusted to exclude goodwill amortization expense
for consistent comparative purposes.

Typically,    the   underwriting    performance   of   property   and   casualty
insurance/reinsurance  business  is  measured  in terms of a combined  ratio and
earnings  before income taxes.  The combined  ratio is the sum of the loss ratio
and the underwriting  expense ratio. For the third quarter of 2002, the property
and casualty  combined ratio was 138.5%,  compared to 261.1% for the same period
in 2001.  The high  combined  ratio in the third  quarter  of 2002 is  primarily
attributable  to the  significant  charge taken during the period for identified
adverse  development  related  to prior  year loss  events,  somewhat  offset by
improved current year underwriting results. The significantly  elevated combined
ratio in the third  quarter of 2001 is primarily  attributable  to the insurance
losses  arising  from the events of  September  11,  2001.  These  same  factors
contributing  to the respective  combined  ratios in 2002 and 2001 were also the
principle  reasons  driving the recorded loss before income taxes and cumulative
effect of change in accounting principle for such periods.

The life reinsurance  segment typically  measures  performance based on revenues
and earnings before income taxes.  Revenues consist of net premiums earned,  net
investment  income,  net  realized  gains on  investments  and  other  revenues,
including fees generated from  investment-related  life reinsurance products and
financial  reinsurance  transactions.  For the quarter ended September 28, 2002,
the life  operations  generated  revenues and earnings  before  income taxes and
cumulative  effect of change in  accounting  principle  of $794  million and $24
million,  respectively,  compared to $623 million and $70 million, respectively,
for the same period in 2001.  While the third  quarter 2002  revenues  increased
$171  million or 27% as compared to the same period in 2001,  reported  earnings
before income taxes and cumulative  effect of change in accounting  principle of
the life segment  decreased  $46 million as compared to the same period in 2001.
This  decreased  profitability  is primarily  attributable  to  increased  claim
activity  in the  current  quarter as  compared  to the same period in 2001 with
respect to  mortality  and  certain  health-related  products  and,  to a lessor
extent, a decrease in the level of net realized gains on investments.

                                       9



<PAGE>

Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).

Operating Results

Net premiums  written and net premiums earned increased $1,163 million (or 105%)
and  $1,050  million  (or 98%),  respectively  for the third  quarter of 2002 as
compared to the third quarter of 2001. This significant  increase in premiums is
primarily  attributable to the $821 million of additional ceded premiums in 2001
in  connection  with  accrued  reinsurance  recoveries  related to the events of
September 11, 2001. Excluding this amount, net premiums written and net premiums
earned increased $342 million (or 18%) and $229 million (or 12%),  respectively,
primarily  attributed  to the  recent  hardening  price  environment  within the
overall  property  and  casualty  insurance/reinsurance  industry and a focus on
growth within certain niche markets.  This increase in new and renewal  premiums
was  partially  offset by the impact of selective  exits from  certain  lines of
business and customer  relationships  as part of a portfolio  review  undertaken
during 2001.

Net investment income decreased $31 million or 10% for the third quarter of 2002
as compared to the third quarter of 2001,  primarily  attributable  to the lower
U.S. interest rate environment in the current year as compared to 2001.

Net realized  gains on  investments  decreased  $42 million or 22% for the third
quarter of 2002 as compared to the third quarter of 2001, primarily attributable
to: (1) fewer sales of investments reflecting gains in the third quarter of 2002
as  compared   to  the  same   period  in  2001  and  (2)  a  higher   level  of
other-than-temporary impairment charges recognized during the current year.

Other  revenues  decreased  $39 million or 57% for the third  quarter of 2002 as
compared to the third quarter of 2001,  primarily  attributable to non-recurring
revenues generated in 2001 related to certain non-trade receivables.

Claims, claim expenses and policy benefits increased $463 million or 28% for the
third quarter of 2002 as compared to the third quarter of 2001. This increase is
primarily  attributable  to the adverse  development  related to prior year loss
events identified in the third quarter of 2002,  somewhat offset by a lower loss
ratio applicable to the current  underwriting year. The lower loss ratio in 2002
is principally due to the recent hardening price environment  within the overall
property and casualty  insurance/reinsurance  industry  coupled with  management
actions initiated in 2001 to exit certain product lines, policies, contracts and
specific customers for which, given the risk, acceptable future levels of profit
did not seem  achievable.  The Company has no  aggregate  retrocession  coverage
available for years prior to 1999,  has reached its purchased  limit of coverage
on the 1999 and 2000  aggregate  retrocession  programs and is  approaching  its
purchased limit of coverage for the 2001 program.

Insurance  acquisition costs increased $195 million or 76% for the third quarter
of 2002 as compared to the third quarter of 2001, primarily  attributable to the
same factors impacting net premiums earned discussed above, including the impact
of  the  $246  million  ceding  commission  received  in  2001  relating  to the
additional ceded premiums resulting from the events of September 11, 2001.

Other  operating  costs  and  expenses  (including   amortization  of  goodwill)
increased  $23  million or 15% for the third  quarter of 2002 as compared to the
third  quarter of 2001.  Absent the goodwill  amortization  expense in the third
quarter of 2001,  other  operating  costs and expenses  would have increased $45
million or 33% for the third  quarter  of 2002,  primarily  attributable  to the
reclassification  in the current year of certain costs  previously  reflected as
insurance  acquisition  costs and higher  general  expenses  resulting  from the
recent acquisition of a relatively large block of life and health business.

Provision for income taxes was a benefit of $90 million for the third quarter of
2002 (an  effective  tax  benefit  rate of 42%),  compared  to a benefit of $232
million for the third  quarter of 2001 (an  effective  tax benefit rate of 49%).
The  high  effective  tax rate in the  third  quarter  of 2002 and 2001  results
principally from the impacts of tax-exempt investment income.

                                       10

<PAGE>


Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).

B. Results of  Operations - First nine months of 2002  compared  with first nine
months of 2001

Overview

GE  Global  Insurance  incurred  a loss  before  cumulative  effect of change in
accounting  principle  of $255  million  for the first nine  months of 2002,  as
compared to a loss of $30 million for the  comparable  period in 2001.  The 2002
loss is primarily attributable to the recognition of approximately $1 billion of
adverse  development  related to prior year loss  events.  Due to the impacts of
existing retrocession  coverages purchased by the Company, the recording of this
adverse  development both decreased premium revenues  (principally due to higher
levels of required  ceded  premiums)  and  increased  incurred  claims and claim
expenses.

There is a high  degree of  uncertainty  inherent in the  estimates  of ultimate
losses  underlying the liability for claims and claim expenses.  One reason that
leads to this  uncertainty  is the  extended  period,  often  many  years,  that
transpires   between  a  loss  event,   receipt  of  related  claims  data  from
policyholders  and/or  primary  insurers and ultimate  settlement  of the claim.
Management   continually   updates  loss  estimates   using  both   quantitative
information  from reserving  actuaries and  qualitative  information  from other
sources.  Based on information  available at the time, management makes its best
estimates of loss reserves and related  incurred  losses.  The level of reported
claims  activity  related to prior year loss events,  particularly  for the 1997
through 2000  underwriting  years,  has continued to accelerate at a rate higher
than anticipated, and has caused management to increase its estimate of ultimate
losses,  a  change  that  has  been  reflected  in  the  accompanying  financial
information.  The potential for further adverse loss developments in these areas
is highly uncertain.

The significant  negative impact on reported 2002 underwriting results resulting
from  adverse  development  on prior year loss  events was  partially  offset by
improved  current  year  underwriting  results  within the property and casualty
insurance/reinsurance  segment.  The improvement in current underwriting results
is principally due to the recent hardening price environment  within the overall
property and casualty  insurance/reinsurance  industry  coupled with  management
actions initiated in 2001 to exit certain product lines, policies, contracts and
specific customers for which, given the risk, acceptable future levels of profit
did not seem achievable.  Also adversely impacting the first nine months of 2002
operating  results as compared  to the same  period of 2001 were a reduction  of
$219 million of investment-related  income (including both net investment income
and net  realized  gains on  investments)  and a  reduction  in other  revenues,
somewhat offset by the impact of SFAS 142, which resulted in the amortization of
goodwill ceasing effective January 1, 2002.

The   Company's   two   business   segments   are  (1)   property  and  casualty
insurance/reinsurance and (2) life reinsurance. Business is conducted throughout
the world  utilizing  the  Company's  network  of local  offices.  Although  the
movement in certain foreign  currency  exchange rates during 2002 and 2001 had a
slight  impact on the  individual  revenue and expense  categories,  the overall
impact on net earnings was not  significant.  The  Company's  operating  segment
activity is summarized on the following page:

                                       11

<PAGE>
Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).

<TABLE>
<CAPTION>


                                                                             Nine months ended
                                                                  ---------------------------------------
(In millions)                                                     Sept. 28, 2002           Sept. 29, 2001
                                                                  --------------           --------------
<S>                                                                   <C>                       <C>
Revenues
Property/Casualty                                                     $4,917                    $4,835
Life                                                                   2,038                     1,753
                                                                      ------                    ------
Total revenues                                                        $6,955                    $6,588
                                                                      ======                    ======

Earnings (loss) before income taxes and cumulative effect
   of change in accounting principles (1)
Property/Casualty                                                     $ (520)                   $ (341)
Life                                                                      81                       222
                                                                      ------                     -----
Total loss before income taxes and cumulative effect
   of change in accounting principles                                 $ (439)                   $ (119)
                                                                      ======                    ======
</TABLE>

(1) Amounts for 2001 have been adjusted to exclude goodwill amortization expense
for consistent comparative purposes.

Typically,    the   underwriting    performance   of   property   and   casualty
insurance/reinsurance  business  is  measured  in terms of a combined  ratio and
earnings  before income taxes.  The combined  ratio is the sum of the loss ratio
and the  underwriting  expense  ratio.  For the first nine  months of 2002,  the
property and casualty  combined ratio was 128.0% compared to 135.5% for the same
period in 2001. The high combined ratio in 2002 is primarily attributable to the
significant  charge taken during the period for identified  adverse  development
related to prior year loss  events,  somewhat  offset by improved  current  year
underwriting   results.  The  elevated  combined  ratio  in  2001  is  primarily
attributable  to the insurance  losses  arising from the events of September 11,
2001. These same factors  contributing to the respective combined ratios in 2002
and 2001 were also the principle reasons driving the recorded loss before income
taxes and cumulative effect of change in accounting principle for such periods.

The life reinsurance  segment typically  measures  performance based on revenues
and earnings before income taxes.  Revenues consist of net premiums earned,  net
investment  income,  net  realized  gains on  investments  and  other  revenues,
including fees generated from  investment-related  life reinsurance products and
financial reinsurance transactions.  For the first nine months of 2002, the life
operations  generated  revenues and earnings  before income taxes and cumulative
effect of change in  accounting  principle  of $2,038  million and $81  million,
respectively, compared to $1,753 million and $222 million, respectively, for the
same  period in 2001.  While  2002  revenues  increased  $285  million or 16% as
compared to 2001, reported earnings before income taxes and cumulative effect of
change in  accounting  principle of the life segment  decreased  $141 million as
compared to 2001. This decreased profitability is primarily attributable to: (1)
a  decrease  in net  realized  gains  on  investments,  (2) an  increase  in net
borrowing costs resulting from currency and interest rate changes, (3) increased
claim  activity in the current  year as compared to the same period in 2001 with
respect to mortality and certain  health-related  products and (4) a decrease in
other revenues principally due to non-recurring income generated in 2001 related
to the commutation of certain single-premium bond business.

                                       12

<PAGE>

Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).

Operating Results

Net premiums written and net premiums earned increased $855 million (or 17%) and
$749  million  (or 15%),  respectively  in 2002.  This  significant  increase in
premiums is  primarily  attributable  to the $821  million of  additional  ceded
premiums in 2001 in connection with accrued  reinsurance  recoveries  related to
the events of September 11, 2001.  Excluding this amount,  net premiums  written
increased only $34 million,  with net premiums earned decreasing $72 million (or
1%),  primarily  attributed to the recent hardening price environment within the
overall  property  and  casualty  insurance/reinsurance  industry and a focus on
growth  within  certain  niche  markets,  substantially  offset by the impact of
selective  exits from certain  lines of business and customer  relationships  as
part of a portfolio review undertaken during 2001.

Net  investment  income  decreased  $94  million  or  10%  in  2002,   primarily
attributable to the lower U.S.  interest rate environment in the current year as
compared with 2001.

Net  realized  gains  on  investments  decreased  $125  million  or 38% in 2002,
primarily  attributable  to: (1) fewer sales of investments  reflecting gains in
2002  as  compared  to 2001  and  (2) a  higher  level  of  other-than-temporary
impairment charges recognized during the current year.

Other revenues decreased $163 million or 61% in 2002, primarily  attributable to
non-recurring   revenues  generated  in  2001  related  to:  (1)  the  favorable
resolution  of  issues  involving  an  acquisition  and  (2)  certain  non-trade
receivables.

Claims,  claim  expenses and policy  benefits  increased  $503 million or 10% in
2002. This increase is primarily attributable to the adverse development related
to prior year loss events  identified in 2002,  somewhat  offset by a lower loss
ratio applicable to the current  underwriting year. The lower loss ratio in 2002
is principally due to the recent hardening price environment  within the overall
property and casualty  insurance/reinsurance  industry  coupled with  management
actions initiated in 2001 to exit certain product lines, policies, contracts and
specific customers for which, given the risk, acceptable future levels of profit
did not seem  achievable.  The Company has no  aggregate  retrocession  coverage
available for years prior to 1999,  has reached its purchased  limit of coverage
on the 1999 and 2000  aggregate  retrocession  programs and is  approaching  its
purchased limit of coverage for the 2001 program.

Insurance  acquisition  costs  increased $126 million or 10% in 2002,  primarily
attributable to the same factors  impacting net premiums earned discussed above,
including  the impact of the $246  million  ceding  commission  received in 2001
relating to the additional ceded premiums resulting from the events of September
11, 2001.

Other operating costs and expenses (including amortization of goodwill) remained
relatively  stable as compared to the same period in 2001.  Absent the  goodwill
amortization  expense in 2001,  other  operating  costs and expenses  would have
increased $59 million or 12% in 2002, primarily  attributable to the combination
of higher net  borrowing  costs,  the  reclassification  in the current  year of
certain costs  previously  reflected as insurance  acquisition  costs and higher
general  expenses  resulting from the recent  acquisition of a relatively  large
block of life and health business.

Provision  for  income  taxes was a benefit of $184  million  for the first nine
months of 2002 (an effective tax benefit rate of 42%),  compared to a benefit of
$153 million for the first nine months of 2001 (an effective tax benefit rate of
84%). The high effective tax rate in 2002 results principally from the impact of
tax-exempt  investment  income.  The unusually  high effective tax rate for 2001
principally reflects the impact of tax-exempt investment income and treatment of
proceeds  received in  connection  with the  resolution  of issues  involving an
acquisition as a purchase price adjustment for tax purposes.

                                       13

<PAGE>
Item 2.  Management's Discussion and Analysis of Results of Operations (Cont'd).

Additional Considerations

Investments comprise principally investment grade debt securities and were $24.3
billion,  including gross  unrealized  gains and losses of $803 million and $227
million,  respectively,  at September  28, 2002,  compared  with $22.5  billion,
including  gross  unrealized  gains and losses of $336 million and $287 million,
respectively,  as of December  31, 2001.  Investment  securities  are  regularly
reviewed for impairment  based on criteria that include the extent to which cost
exceeds  market  value,  the duration of that market  decline and the  financial
health and specific prospects for the issuer. Of those securities whose carrying
amount exceeded fair value at September 28, 2002,  approximately  $90 million is
at risk of being  charged to earnings in the next 12 months.  Impairment  losses
recognized  for the first nine months of 2002 were $34  million,  including  $13
million from the telecommunications and cable industries.

Investments  in  entities  in  the   telecommunication   and  cable   industries
approximated  $400 million as of September 28, 2002. These investments have been
entered into  subject to strict risk  criteria  and are  diversified.  Recently,
during  declines in the values of these  investments,  the  positions  have been
routinely  reviewed  for  impairment  losses,  and  actions  have been  taken to
mitigate exposures.  The Company has made provision for probable losses.  Future
losses  will depend  upon  business  and  economic  developments  as well as the
success of risk mitigation actions.

During the quarter ended  September  28, 2002,  certain  external  credit rating
agencies  announced  negative  actions with respect to GE Global  Insurance  and
subsidiaries.  Those rating agencies made similar  announcements  with regard to
other property and casualty insurance and reinsurance entities at about the same
time.  A.M.  Best  lowered its  financial  strength  group  rating for GE Global
Insurance from A++ (superior) to A+ (superior) and also lowered its rating on GE
Global  Insurance  senior  unsecured  debt from aa- (very strong) to a (strong).
Standard & Poor's Rating Services placed GE Global  Insurance's  debt on "credit
watch  negative."  Moody's  Investors  Service  announced that its ratings of GE
Global  Insurance  and its  outstanding  debt  are  under  review  for  possible
downgrade.  Management does not believe these actions will materially  affect GE
Global Insurance's liquidity or capital resources or the ability to write future
business.

Forward Looking Statements

This document includes certain  "forward-looking  statements" within the meaning
of the Private  Securities  Litigation  Reform Act of 1995. These statements are
based on management's  current  expectations  and are subject to uncertainty and
changes  in  circumstances.  Actual  results  may differ  materially  from these
expectations due to changes in global economic, business, competitive market and
regulatory factors.


Item 4.   Controls and Procedures.

GE Global Insurance management,  including the Chief Executive Officer and Chief
Financial  Officer,  have  conducted  an  evaluation  of  the  effectiveness  of
disclosure controls and procedures  pursuant to Exchange Act Rule 13a-14.  Based
on that evaluation,  the Chief Executive Officer and the Chief Financial Officer
concluded that the disclosure  controls and procedures are effective in ensuring
that all material  information required to be filed in this quarterly report has
been made  known to them in a timely  fashion.  There  have been no  significant
changes in internal controls or in other factors that could significantly affect
internal  controls  subsequent to the date the Chief Executive Officer and Chief
Financial Officer completed their evaluation.

                                       14


<PAGE>



                           PART II - OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K.

a.   Exhibits.

     Exhibit 12.    Computation of Ratio of Earnings to Fixed Charges.

     Exhibit 99.1.  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
                    Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

     Exhibit 99.2.  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
                    Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



b.   Reports on Form 8-K.

     None.


                                       15

<PAGE>


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                         GE GLOBAL INSURANCE HOLDING CORPORATION
                                         ---------------------------------------
                                                       (Registrant)



Date:  October 29, 2002        By:           /s/ MARC A. MEICHES
                                ------------------------------------------------
                                                Marc A. Meiches
                               Senior Vice President and Chief Financial Officer
                                         (Principal Financial Officer)



Date:  October 29, 2002        By:         /s/ WILLIAM J. STEILEN
                                ------------------------------------------------
                                               William J. Steilen
                                         Vice President and Controller
                                         (Principal Accounting Officer)


                                       16

<PAGE>





                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

                            CERTIFICATION PURSUANT TO
                                 SECTION 302 OF
                         THE SARBANES-OXLEY ACT OF 2002


                                  CERTIFICATION
                                  -------------

I, Ronald R. Pressman, certify that:

1. I have reviewed  this  quarterly  report on Form 10-Q of GE Global  Insurance
Holding Corporation;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

     c)  presented  in  this  quarterly   report  our   conclusions   about  the
     effectiveness  of the  disclosure  controls  and  procedures  based  on our
     evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
the  registrant's  board of  directors  (or persons  performing  the  equivalent
function):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: October 29, 2002




 /s/ Ronald R. Pressman
--------------------------
Ronald R. Pressman
Chief Executive Officer

                                       17


<PAGE>



                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

                            CERTIFICATION PURSUANT TO
                                 SECTION 302 OF
                         THE SARBANES-OXLEY ACT OF 2002


                                  CERTIFICATION
                                  -------------

I, Marc A. Meiches, certify that:

1. I have reviewed  this  quarterly  report on Form 10-Q of GE Global  Insurance
Holding Corporation;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures to ensure that material
     information   relating  to  the  registrant,   including  its  consolidated
     subsidiaries,  is  made  known  to  us by  others  within  those  entities,
     particularly  during  the period in which  this  quarterly  report is being
     prepared;

     b) evaluated the effectiveness of the registrant's  disclosure controls and
     procedures  as of a date  within 90 days prior to the  filing  date of this
     quarterly report (the "Evaluation Date"); and

     c)  presented  in  this  quarterly   report  our   conclusions   about  the
     effectiveness  of the  disclosure  controls  and  procedures  based  on our
     evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

     a) all  significant  deficiencies  in the design or  operation  of internal
     controls which could adversely affect the  registrant's  ability to record,
     process,  summarize and report  financial data and have  identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: October 29, 2002




 /s/ Marc A. Meiches
----------------------
Marc A. Meiches
Chief Financial Officer

                                       18

<PAGE>

                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES


                                Index to Exhibits



Exhibit No.                                                                 Page
-----------                                                                 ----

    12        Computation of Ratio of Earnings to Fixed Charges..........    19

    99.1      Certification Pursuant to 18 U.S.C. Section 1350, as
              Adopted Pursuant to Section 906 of the Sarbanes-Oxley
              Act of 2002................................................    20

    99.2      Certification Pursuant to 18 U.S.C. Section 1350, as
              Adopted Pursuant to Section 906 of the Sarbanes-Oxley
              Act of 2002................................................    21


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