Recent events
Recent events tied to this brand in public sources.
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2021
Genworth subsidiary files registration statement for proposed IPO
Genworth announced that its wholly owned subsidiary, Genworth Mortgage Holdings, filed a registration statement with the SEC in connection with a proposed initial public offering. The offering’s size and price range had not yet been determined.
2021
Genworth terminated its merger agreement with Oceanwide
Genworth announced that it exercised its right to terminate its merger agreement with China Oceanwide Holdings Group as of April 6, 2021.
2021
Genworth sells its stake in Genworth Australia
Genworth Financial announced that it had sold its entire ownership position in Genworth Mortgage Insurance Australia Limited, approximately 214.3 million shares, at A$2.28 per share. Settlement was scheduled for March 3, Sydney time.
2020
Genworth Mortgage Holdings prices $750 million senior notes offering
Genworth Financial announced that its indirect wholly-owned subsidiary, Genworth Mortgage Holdings, priced $750 million in senior notes due 2025 in a private offering. The offering closing was expected on August 21, 2020, subject to customary closing conditions.
2020
Genworth and AXA reach settlement over PPI mis-selling losses
Genworth Financial said it reached a settlement agreement with AXA over liability for payment protection insurance mis-selling losses. Genworth agreed to pay AXA £100 million by July 23, 2020, in addition to an interim payment, and to issue a secured promissory note for deferred payments totaling about £317 million. The settlement followed a High Court ruling that Genworth was obligated to pay AXA for its losses under the sale and purchase agreement.