The federal Department of Insurance has agreed to hold a public hearing on the pending acquisition of mortgage insurer Genworth Financial 's life insurance portfolio by China Oceanwide . The latter has been seeking to tie up a deal for Genworth Life Insurance Company since 2016 , with various proposals regarding the terms of the purchase being rejected by the Delaware board . 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.