Genworth sells A$488m stake in Australian mortgage insurance unit to boost liquidity


US-based insurance holding Genworth Financial is selling its entire stake worth approximately A$488.6 million in Genworth Mortgage Insurance Australia as the company looks to improve its liquidity position ahead of planned IPO and AXA liabilities settlement due in 2021 and 2022.

Genworth, Mergers & Acquisitions, Insurance, Reinsurance, IPO, Tom McInerney, Australia

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