NU Online News Service, May 12, 5:00 p.m. EDT--Genworth Financial, Inc., said it has received a subpoena from the Securities and Exchange Commission requesting documents in the ongoing investigation of finite reinsurance products.
The insurance company, with its U.S. office based in Richmond, Va., said it received the subpoena yesterday seeking documents "related to 'certain loss mitigation insurance products.'"
The company, which deals primarily in life, mortgage insurance, and employee benefits, said it conducted an "initial review" of its reinsurance arrangements early in the fourth quarter of 2004 and found no issues of concern.
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