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 March 31, 2001
                                                 --------------


                                       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                           66201
(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 April 19,  2001,  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.................................       7

    Exhibit 12.             Computation of Ratio of Earnings to Fixed Charges.............................................      10


    PART II - OTHER INFORMATION.

    Item 6.                 Exhibits and Reports on Form 8-K..............................................................      11

    Signatures.             ..............................................................................................      12

    Index to Exhibits.      ..............................................................................................      13
</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
                                                                                ----------------------------------
(In millions)                                                                   March 31, 2001       April 1, 2000
                                                                                --------------       -------------
<S>                                                                                <C>                   <C>
Revenues
Net premiums written                                                               $2,102                $1,855
                                                                                   ======                ======

Net premiums earned                                                                $2,011                $1,738
Net investment income                                                                 316                   290
Net realized gains on investments                                                      64                    35
Other revenues                                                                         46                   107
                                                                                   ------                ------
Total revenues                                                                      2,437                 2,170
                                                                                   ------                ------

Costs and Expenses
Claims, claim expenses and policy benefits                                          1,618                 1,361
Insurance acquisition costs                                                           488                   471
Other operating costs and expenses                                                    204                   196
Minority interest in net earnings of
   consolidated subsidiaries                                                           22                    22
                                                                                   ------                ------
Total costs and expenses                                                            2,332                 2,050
                                                                                   ------                ------

Earnings
Earnings before income taxes and cumulative effect of
     change in accounting principle                                                   105                   120
Provision for income taxes                                                             23                    16
                                                                                   ------                ------

Earnings before cumulative effect of change in
     accounting principle                                                              82                   104

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

Net earnings                                                                           71                   104
Dividends on preferred stock                                                           (2)                   (2)
Retained earnings at beginning of period                                            5,204                 4,630
                                                                                   ------                ------

Retained earnings at end of period                                                 $5,273                $4,732
                                                                                   ======                ======
</TABLE>

See Notes to Condensed, Consolidated Financial Statements.


                                       1

<PAGE>



Item 1.  Financial Statements (Continued).

<TABLE>
<CAPTION>

                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

             Condensed, Consolidated Statement of Financial Position


(In millions)                                                                   March 31, 2001         December 31, 2000
                                                                                --------------         -----------------
                                                                                 (Unaudited)
<S>                                                                                <C>                       <C>
Assets
Investments:
  Fixed maturity securities, at fair value                                         $19,146                   $18,761
  Equity securities, at fair value                                                     425                       718
  Other invested assets                                                              1,518                     1,712
                                                                                   -------                   -------
  Total investments                                                                 21,089                    21,191

Cash                                                                                   342                       196
Premiums receivable                                                                  4,118                     3,844
Other receivables                                                                    1,900                     1,823
Reinsurance recoverables                                                             6,754                     6,436
Deferred insurance acquisition costs                                                 1,592                     1,494
Other assets                                                                         3,775                     3,580
                                                                                   -------                   -------

Total assets                                                                       $39,570                   $38,564
                                                                                   =======                   =======


Liabilities and equity
Claims and claim expenses                                                          $18,057                   $17,678
Accumulated contract values                                                          2,175                     2,161
Future policy benefits for life and health contracts                                 2,753                     2,636
Unearned premiums                                                                    2,715                     2,584
Other reinsurance balances                                                           2,197                     2,062
Other liabilities                                                                    2,502                     2,587
Long-term borrowings                                                                 1,654                     1,654
                                                                                   -------                   -------
  Total liabilities                                                                 32,053                    31,362
                                                                                   -------                   -------

Minority interest in equity of consolidated subsidiaries                             1,178                     1,177
                                                                                   -------                   -------

Accumulated non-owner changes in equity:
  Accumulated unrealized gains on investment securities - net                          315                       143
  Accumulated foreign currency translation adjustments                                (249)                     (322)
                                                                                   -------                   -------
      Total accumulated non-owner changes in equity                                     66                      (179)

Preferred stock                                                                        150                       150
Common stock                                                                             5                         5
Paid-in capital                                                                        845                       845
Retained earnings                                                                    5,273                     5,204
                                                                                   -------                   -------
  Total stockholder's equity                                                         6,339                     6,025
                                                                                   -------                   -------

Total liabilities and equity                                                       $39,570                   $38,564
                                                                                   =======                   =======

</TABLE>

See Notes to Condensed, Consolidated Financial Statements.

                                       2
<PAGE>





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


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

                 Condensed, Consolidated Statement of Cash Flows

                                   (Unaudited)

                                                                               Three months ended
                                                                     -------------------------------------
(In millions)                                                        March 31, 2001          April 1, 2000
                                                                     --------------          -------------
<S>                                                                     <C>                     <C>

Cash used for operating activities                                      $  (431)                $  (233)
                                                                        -------                 -------

Cash Flows From Investing Activities
Fixed maturity securities:
  Purchases                                                              (3,372)                 (2,197)
  Sales                                                                   3,301                   1,124
  Maturities                                                                244                     271
Equity securities:
  Purchases                                                                 (57)                   (683)
  Sales                                                                      31                   2,003
Net (purchases) sales of short-term investments                             197                    (189)
Other investing activities                                                    8                     (28)
                                                                        -------                 -------
  Cash from investing activities                                            352                     301
                                                                        -------                 -------

Cash Flows From Financing Activities
Change in contract deposits                                                 (13)                     (1)
Net contract accumulation payments                                           13                     (37)
Proceeds from short-term borrowings                                          42                     159
Principal payments on short-term borrowings                                  (4)                    (48)
Dividends paid                                                               (2)                     (2)
                                                                        -------                 -------
  Cash from financing activities                                             36                      71
                                                                        -------                 -------

Effect of exchange rate changes on cash                                     189                     (53)
                                                                        -------                 -------

Increase in cash                                                            146                      86
Cash at beginning of period                                                 196                     359
                                                                        -------                 -------
Cash at end of period                                                   $   342                 $   445
                                                                        =======                 =======

</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   ("FASB")   issued,   then
     subsequently amended,  Statement of Financial Accounting Standards ("SFAS")
     No. 133,  Accounting for  Derivative  Instruments  and Hedging  Activities,
     which became  effective for the Company on January 1, 2001.  Under SFAS No.
     133, as amended, all derivative  instruments  (including certain derivative
     instruments  embedded in other  contracts)  are  recognized  in the balance
     sheet at their fair  values  and,  unless the  derivatives  hedge  probable
     future cash flows,  changes in such fair values are recognized  immediately
     in operations.  For  derivatives  qualifying as hedges of net  investments,
     changes in fair values  that are  effective  as hedges are  recorded in the
     separate  component  of equity  related  to  foreign  currency  translation
     adjustments.  The ineffective portion of net investment hedges,  calculated
     using the  spot-to-spot  method (where the fair value of the  instrument is
     compared to the value of the  instrument  using the current  spot  exchange
     rate), are reported in operations.

     The nature of the Company's business  activities  necessarily  involves the
     management of various  financial and market risks,  including those related
     to changes in interest rates, equity prices and currency exchange rates. As
     discussed  more fully in the notes of the 2000 Annual  Report on Form 10-K,
     the Company uses derivative financial  instruments to mitigate or eliminate
     certain of those risks.  The January 1, 2001  accounting  change  described
     above  affected  only  the  pattern  and  timing  of  non-cash   accounting
     recognition.






                                       4
<PAGE>


Item 1. Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

        Notes to Condensed, Consolidated Financial Statements (Continued)

3.   (continued)

     At January 1, 2001,  the Company's  financial  statements  were adjusted to
     record a cumulative effect of the transition to SFAS No. 133, as follows:


          (In millions)                                    Operations and
                                                               Equity
                                                           --------------

          Adjustment to fair value of derivatives               $17
          Income tax effect                                      (6)
                                                                ---
          Total                                                 $11
                                                                ===

     Additional disclosures required by SFAS No. 133 are provided as follows:

          Fair Value and Cash Flow Hedging Activities
          --------------------------------------------

          During  the  period,  the  Company  held  no  derivative   instruments
          designated as fair value or cash flow hedges.

          Hedges of Net Investments in Foreign Subsidiaries
          -------------------------------------------------

          Of the $(249)  million  reported in the  separate  component of equity
          related to foreign currency translation adjustments,  $26 million, net
          of  income  taxes,  was  attributable  to  2001  gains  on  derivative
          instruments  designated  and effective as net  investment  hedges.  In
          addition,  gains amounting to $26 million,  before income taxes,  were
          excluded  from the measure of  effectiveness  on these net  investment
          hedges  and  recorded  as a  reduction  in  interest-related  expenses
          included in "other operating costs and expenses."

          Derivatives Not Designated as Hedges
          ------------------------------------

          Derivatives not designated as hedges primarily  consist of options and
          instruments  containing  option  features  that behave based on limits
          ("caps,"  "floors," or "forward  foreign currency  contracts").  These
          instruments are used to hedge risks  associated with foreign  exchange
          and equity movements in certain  insurance  contracts.  Although these
          instruments are effective as hedges from an economic perspective, they
          do not qualify for hedge accounting under SFAS No. 133, as amended.




                                       5

<PAGE>

Item 1. Financial Statements (Continued).


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

        Notes to Condensed, Consolidated Financial Statements (Continued)



4.   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)                                                March 31, 2001          April 1, 2000
                                                                  --------------          -------------
<S>                                                                     <C>                     <C>
     Net earnings                                                      $  71                    $104
     Net unrealized gains on investment securities                       172                      76
     Foreign currency translation adjustments                             73                     (11)
                                                                        ----                    ----
     Total                                                              $316                    $169
                                                                        ====                    ====
</TABLE>




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


                                                                          Three months ended
                                                                  -------------------------------------
     (In millions)                                                March 31, 2001          April 1, 2000
                                                                  --------------          -------------
<S>                                                                   <C>                    <C>
     Revenues
     Property/Casualty                                                $1,791                 $1,666
     Life                                                                646                    504
                                                                      ------                 ------
     Total revenues                                                   $2,437                 $2,170
                                                                      ======                 ======

     Earnings before income taxes and cumulative effect of
        change in accounting principle
     Property/Casualty                                                $    9                 $   69
     Life                                                                 96                     51
                                                                      ------                 ------
     Total earnings before income taxes and cumulative effect
        of change in accounting principle                             $  105                 $  120
                                                                      ======                 ======
</TABLE>



                                       6
<PAGE>

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


Overview

Net  earnings  before  cumulative  effect  of  change  in  accounting  principle
(discussed  in note 3 of this 10Q report) for the first three months of 2001 was
$82  million,  a $22  million  decrease  from the  first  three  months of 2000,
reflecting  insufficient  pricing  within  the  overall  property  and  casualty
insurance/reinsurance  industry in recent years. The $26 million increase in net
investment  income and $29 million increase in net realized gains on investments
were  offset by the $61  million  decrease  in other  revenues,  which  resulted
principally   from  lower  levels  of  income   associated  with   equity-method
investments in 2001 as compared to 2000.

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 2001 and 2000 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>


                                                                          Three months ended
                                                                  ---------------------------------
(In millions)                                                     March 31, 2001      April 1, 2000
                                                                  --------------      -------------
<S>                                                                   <C>                 <C>
Revenues
Property/Casualty                                                     $1,791              $1,666
Life                                                                     646                 504
                                                                      ------              ------
Total revenues                                                        $2,437              $2,170
                                                                      ======              ======

Earnings before income taxes and cumulative effect of
   change in accounting principle
Property/Casualty                                                     $    9              $   69
Life                                                                      96                  51
                                                                      ------              ------
Total earnings before income taxes and cumulative effect
   of change in accounting principle                                  $  105              $  120
                                                                      ======              ======
</TABLE>


Typically,  the  underwriting  performance of property and casualty  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 three months of 2001, the property and casualty combined ratio was
113.6%,  compared to 112.4% for the same period in 2000. The higher than desired
combined  ratios  in both  2001  and  2000  primarily  reflect  the  effects  of
insufficient    pricing    within   the   overall    property    and    casualty
insurance/reinsurance  industry in recent years and, to a lesser extent, adverse
development  on prior year recorded  losses.  Earnings  before income taxes from
property and casualty operations decreased $60 million or 87% in the first three
months  of 2001,  primarily  attributable  to the  decrease  in other  revenues,
primarily as a result of lower levels of income  associated  with  equity-method
investments.

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 three months of 2001, the life
operations  generated  revenues and earnings before income taxes of $646 million
and $96  million,  respectively,  compared  to  $504  million  and $51  million,
respectively,  for the same period in 2000.  The increase in revenues  primarily
reflects  growth in  underwriting  origination  volume and an  increase in other
revenues.

                                       7
<PAGE>


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


Operating Results

Net premiums written and net premiums earned increased $247 million (or 13%) and
$273  million  (or  16%),  respectively,  in  2001.  This  growth  is  primarily
attributable to the combination of hardening pricing within the overall property
and casualty  insurance/reinsurance  industry,  a focus on growth within certain
niche  markets  and  lower  levels  of ceded  premiums  under  aggregate  excess
retrocession  programs.  This increase was  partially  offset by the decision to
exit  certain  lines  of  business  and  customer  relationships  as  part  of a
reunderwriting initiative undertaken during 2000.

Net  investment   income  increased  $26  million  or  9%  in  2001,   primarily
attributable to the restructuring of the domestic  investment  portfolio in 2000
to substantially reduce the level of equity security holdings.

Net  realized  gains  on  investments  increased  $29  million  or 83% in  2001,
primarily attributable to capitalizing on favorable market conditions.

Other revenues decreased $61 million or 57% in 2001,  primarily  attributable to
lower levels of income associated with equity-method investments.

Claims,  claim  expenses and policy  benefits  increased  $257 million or 19% in
2001,  primarily  attributable to the growth in premiums discussed above and the
slightly higher combined ratio for the property and casualty operations.

Insurance  acquisition  costs  increased  $17  million or 4% in 2001,  primarily
attributable to the growth in premiums discussed above.

Other  operating  costs  and  expenses  increased  $8  million  or 4%  in  2001,
including:  (1) a $31 million  charge  recorded  during the  quarter  related to
planned  employee  terminations  and (2) a $26 million credit resulting from the
change in the fair value of a  cross-currency  swap used as a hedge of a portion
of the Company's  foreign net investments  that was excluded from the measure of
hedge effectiveness.  Absent these two items, other operating costs and expenses
would  have  increased  only  $3  million  or  2%  in  2001.  This  increase  is
significantly  less  than  the  corresponding  increase  in total  revenues  due
primarily to the Company's  ongoing  initiative to reduce its operating  expense
base.

Provision  for income  taxes was $23 million for the first three  months of 2001
(an  effective  tax rate of 21.9%),  compared to $16 million for the first three
months of 2000 (an effective tax rate of 13.3%).  The higher  effective tax rate
in 2001 primarily reflects a lower proportion of tax-exempt investment income.

                                       8
<PAGE>

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


Change in Accounting Principle

On January 1, 2001,  the  Company  adopted  Statement  of  Financial  Accounting
Standards  ("SFAS") No. 133,  Accounting for Derivative  Instruments and Hedging
Activities.  See further  discussion of this change in Note 3 to the  condensed,
consolidated  financial  statements.  Upon adoption of SFAS No. 133, the Company
reclassified   investment   securities   of   approximately   $30  million  from
available-for-sale  to trading,  resulting in a  reclassification  of unrealized
losses of less than $1 million from accumulated  gains on investment  securities
to earnings.


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.




                                       9
<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.

b. Reports on Form 8-K.

     None.

                                       11
<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:  April 19, 2001         By:              /s/ MARC A. MEICHES
                               -------------------------------------------------
                                                Marc A. Meiches
                               Senior Vice President and Chief Financial Officer
                                           (Principal Financial Officer)



Date:  April 19, 2001         By:           /s/ WILLIAM J. STEILEN
                               -------------------------------------------------
                                               William J. Steilen
                                          Vice President and Controller
                                          (Principal Accounting Officer)


                                       12
<PAGE>


                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES


                                Index to Exhibits



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

    12         Computation of ratio of earnings to fixed charges........... 10




                                       13