Skip to main content

Genworth to pay Axa estimated £624m under PPI mis-selling settlement

axa

US insurance group Genworth Financial has agreed a £624m settlement with Axa, bringing to a close a lawsuit over payment protection insurance mis-selling losses.

Axa sued Genworth in December 2017 for the losses it had incurred settling mis-selling claims relating to PPI policies underwritten between 1970 and 2004 by two Genworth subsidiaries it acquired in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Post? View our subscription options

Register

Want to know what’s included in our free registration? Click here

Already have an account? Sign in here

Show password
Hide password

Why loss adjusting’s gender gap is a design problem

Despite progress, Kim Alcock, head of UK casualty at McLarens, observes women in loss adjusting continue to be held back by career structures built around linear paths, time-served progression and qualification-led advancement, making gender inequality a systemic design issue rather than a pipeline one.

Marine insurance to navigate choppy waters

How geopolitical tension, supply-chain bottlenecks, climate-driven weather extremes and surging regulatory oversight are making marine insurance challenging is the focus of the latest Insurance Post Podcast.

Why gender equality in insurance demands action

As International Women’s Day 2026 approaches, Kellie Leigh, HR and communications director of the Insurance Claims Accommodation Bureau, reflects on how intentional culture, inclusive leadership and practical action are vital to turn rights into real progress for women across the industry.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here