Helia is an Australian
Lenders mortgage insurance Lenders mortgage insurance (LMI), also known as private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan. It is insurance to offset losses ...
provider. It is listed on the
ASX and changed its name from
Genworth Mortgage Insurance Australia in October 2022.
In 2018, Helia invested in Tic:Toc, a mortgage
fintech
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...
.
In 2021,
Genworth Financial
Genworth Financial is an S&P 400 insurance company. The firm was founded as The Life Insurance Company of Virginia in 1871. In 1986, Life of Virginia was acquired by Combined Insurance, which became Aon plc in 1987. In 1996, Life of Virginia w ...
, an S&P400 insurance provider, sold its 52% of Helia's shares to institutional investors, effectively making Helia an independent company.
In 2022, Helia invested in
OSQO a "deposit gap funder".
In 2022, Helia purchased 22% of
Household Capital, a
reverse mortgage
A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthl ...
provider.
References
Insurance companies of Australia
Companies with year of establishment missing
Companies listed on the Australian Securities Exchange
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