Genworth mortgage insurance News

Chinese Insurance Spree Continues as China Oceanwide Bids $2.7 Billion for Genworth

China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth overseas. Monday’s deal by Chinese billionaire Lu Zhiqiang’s …

Battered by Long-Term Insurance Losses, Genworth Eyes Asset Sales

Genworth Financial Inc., the insurer battered by losses on long-term care coverage, has said it could pursue more divestitures to help pay down more than $500 million in debt maturing in 2018 as turmoil in the bond market shuts out …