The US Department of Insurance has agreed to hold a public hearing on the proposed acquisition of Delaware insurer Genworth Financial's life insurance division by China Oceanwide. The latter has been trying to tie up a deal for Genworth Life Insurance Company since 2016, with various proposals regarding the structure of the purchase being rejected by the US regulator. The hearing is scheduled for 28 November.
The Delaware Department of Insurance has agreed to hold a public hearing on the proposed acquisition of US insurer Genworth Financial's life insurance division by China Oceanwide. The latter has been trying to tie up a deal for Genworth Life Insurance Company since 2016, with various proposals regarding the structure of the purchase being rejected by the Delaware regulator. The hearing is scheduled for 28 November.