sales of annuities and life insurance, putting the existing books of business into runoff. Securities fraud lawsuits On April 14, 2014, a class action lawsuit was commenced the United States District Court for the Southern District of New York against Genworth for "disseminating false and misleading statements to the investing public." Another lawsuit was brought in the United States District Court for the Eastern District of Virginia on behalf of investors. On March 14, 2016, the Alberta Investment Management Corporation and the Fresno County Employees' Retirement Association reached an agreement in principle to recover US$219 million. The lawsuit alleged that Genworth and certain senior executives made false and misleading statements about Genworth's long-term care insurance business and the company's financial statements between October 30, 2013, and November 5, 2014. Genworth MI Canada Genworth MI Canada was the Canadian partially-owned subsidiary of Genworth Financial. It is the largest private-sector residential mortgage insurer in Canada (second largest overall, after the Canadian Mortgage and Housing Corporation). On October 13, 2020, Genworth MI Canada was renamed to Sagen MI Canada. Brookfield Business Partners later purchased all of the outstanding common shares of Sagen that were not already owned by Brookfield at a price of $43.50 in cash per Common Share. Sagen is now a Canadian company, traded at the Toronto Stock Exchange as TSX:MIC. References External links Genworth Home Page Companies listed on the New York Stock Exchange Financial services companies of the United States Insurance companies of the United States Financial services companies established in 2004 Former General Electric subsidiaries Companies based in Richmond, Virginia Life insurance companies of the United States Companies based in Stamford, Connecticut 2004 initial public offerings Corporate spin-offs