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

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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

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