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Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) announced today that Oceanwide has reached a general agreement with Hony Capital on the key commercial terms and conditions of its $1.8 billion offshore financing plan to complete the acquisition of Genworth, and that Oceanwide has provided satisfactory information regarding its funding plan for the portion of the funds being sourced from Mainland China.
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Genworth Financial, Inc. (NYSE: GNW) today announced that Kelly L. Groh has decided to leave Genworth, and will resign as executive vice president and chief financial officer (CFO) upon completion of the company's second quarter financial close process and related Form 10-Q filing, which is expected to occur in early August.
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Genworth Mortgage Insurance (“Genworth MI”), an operating segment of Genworth Financial, Inc. (NYSE: GNW), today announced that its indirect wholly owned subsidiary, Genworth Mortgage Insurance Corporation, has obtained $302.8 million of fully collateralized excess of loss reinsurance coverage from Triangle Re 2019-1 Ltd. (“Triangle Re”) on a portfolio of existing mortgage insurance policies written from January 2019 through September 2019.