Genworth Mortgage Insurance Australia Limited announced that it has been selected as the exclusive provider of Lenders Mortgage Insurance (LMI) to the Commonwealth Bank of Australia (CBA) for its CBA and RMG business, subject to agreeing contractual terms. The current Supply and Service contract between CBA and Genworth will expire at the end of the current exclusivity agreement on 31 December 2022. Genworth and CBA have entered into exclusive negotiations on the terms of a new contract with key terms including: Period of 3 years commencing 1 January 2023 and expiring on 31 December 2025; Provision of LMI for a minimum proportion of new high Loan to Value Ratio (LVR) residential mortgage loans; and CBA and RMG business only and excludes Bankwest.