BUZZ-Australia's Helia Group slumps on flagging potential loss of CBA contract

Reuters

Mar 24, 2025

** Shares of Helia Group HLI.AX fall as much as 29.3% to A$3.43, their lowest level since August 9, 2024

** Stock on track for weakest trading session since March 19, 2020

** HLI among top losers on the ASX 200 benchmark .AXJO

** The mortgage insurance provider anticipates its current supply and service contract with Commonwealth Bank of Australia CBA.AX might not get renewed after December 31, 2025

** The co has been informed by CBA that the bank has entered exclusive negotiations with an alternative provider for the provision of lenders mortgage insurance (LMI) services

** About 2.3 mln HLI shares change hands, vs the 30-day average of 1.5 mln

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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loss of CBA contract\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-24 08:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Helia Group slumps on flagging potential loss of CBA contract</title></head><body><p>** Shares of Helia Group <span>HLI.AX</span> fall as much as 29.3% to A$3.43, their lowest level since August 9, 2024</p><p>** Stock on track for weakest trading session since March 19, 2020</p><p>** HLI among top losers on the ASX 200 benchmark <span>.AXJO</span></p><p>** The mortgage insurance provider <span>anticipates</span> its current supply and service contract with <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a> <span>CBA.AX</span> might not get renewed after December 31, 2025</p><p>** The co has been informed by CBA that the bank has entered exclusive negotiations with an alternative provider for the provision of lenders mortgage insurance (LMI) services </p><p>** About 2.3 mln HLI shares change hands, vs the 30-day average of 1.5 mln </p><p> (Reporting by Sneha Kumar in Bengaluru)</p><p> 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level since August 9, 2024** Stock on track for weakest trading session since March 19, 2020** HLI among top losers on the ASX 200 benchmark .AXJO** The mortgage insurance provider anticipates its current supply and service contract with Commonwealth Bank of Australia CBA.AX might not get renewed after December 31, 2025** The co has been informed by CBA that the bank has entered exclusive negotiations with an alternative provider for the provision of lenders mortgage insurance  services ** About 2.3 mln HLI shares change hands, vs the 30-day average of 1.5 mln   ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7135":"综合性银行","BK7160":"商业和住宅抵押贷款融资","HLI.AU":"Helia Group Limited","CBA.AU":"COMMONWEALTH BANK OF 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