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Genworth to sell lifestyle insurance business to France’s AXA

byCustoms Today Report
22/07/2015
in Uncategorized
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PARIS: French insurer AXA (CS.FR) to sell its lifestyle protection insurance business for about $510 million.

Genworth expects an after-tax loss of about $310 million in the second quarter of 2015 related to the expected sale and pension settlement costs, the U.S. company said.

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Lifestyle protection insurance helps policyholders cover debt obligations after severe events such as accidents, illness or job loss prevent them from meeting payments.

 

 

Tags: business

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