By Inti Landauro
PARIS--U.S. insurance company Genworth (GNW) Wednesday said it
is holding exclusive talks with French insurer AXA (CS.FR) to sell
its lifestyle protection insurance business for about $510
million.
Genworth expects an after-tax loss of about $310 million in the
second quarter of 2015 related to the expected sale and pension
settlement costs, the U.S. company said.
Lifestyle protection insurance helps policyholders cover debt
obligations after severe events such as accidents, illness or job
loss prevent them from meeting payments.
-Write to Inti Landauro at inti.landauro@wsj.com
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