Documentation Submitted to Insurance Regulators Regarding Proposed Oceanwide Acquisition of Genworth's New York-Domiciled Insurance Company
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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US:NYSE Investor Relations:
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Source: PR Newswire
RICHMOND, Va., March 16, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today announced that Oceanwide has submitted supplemental materials to the New York State Department of Financial Services (NYDFS) and other U.S. insurance regulators to document the conditions that are expected to facilitate a reapproval by the NYDFS of the proposed acquisition of control by Oceanwide of Genworth's New York-domiciled insurance company, Genworth Life Insurance Company of New York (GLICNY). The filings reflect, among other items, Genworth's agreement with the NYDFS to make the previously disclosed $100 million capital contribution to GLICNY at closing of the proposed acquisition through the issuance by GLICNY of a surplus note to a Genworth holding company. Genworth believes that the use of a surplus note to make the capital contribution to GLICNY at closing and the other conditions to facilitate the reapproval by the NYDFS of
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GNW
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 10/29/24 - Form 13F-HR
- GNW's page on the SEC website