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Article: Genworth Financial Closes Sale of Genworth Seguros Mexico to HDI-Gerling International Holding AG.
- Article from:
- PR Newswire
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Genworth Financial continues to build its presence in Mexico with Lifestyle Protection Insurance and Mortgage Insurance products
MEXICO CITY, Oct. 1 /PRNewswire-FirstCall/ -- Genworth Financial , a global leader in financial security, has closed a transaction for the sale of Genworth Seguros Mexico, S.A. de C.V. to HDI-Gerling International Holding AG.
Initially announced in January 2009, the sale includes the automobile, property and casualty, life, and personal accident insurance business lines that Genworth Seguros distributes through independent professional insurance agents. The sale is valued at approximately $45 million (USD).
"With ...