Genworth Australia Renews Lenders Mortgage Insurance Deal with CBA
02 Novembre 2016 - 11:36PM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Genworth Mortgage Insurance Australia Ltd.
(GMA.AU) has renewed for a further three years a contract to supply
lenders mortgage insurance to Commonwealth Bank of Australia Ltd.
(CBA.AU), Australia's biggest mortgage lender.
The renewed supply and service contract takes effect from the
beginning of January and will run through 2019, Genworth Australia
said Thursday.
The contract represented 43% of its gross written premium in the
first half of the 2016 financial year.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
November 02, 2016 18:21 ET (22:21 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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