Genworth Names James Boyle President and CEO -- U.S. Life Insurance Division
RICHMOND, Va., Jan. 31, 2014
RICHMOND, Va., Jan. 31, 2014 /PRNewswire/ --Genworth Financial, Inc. (NYSE:
GNW) announces that it has named James Boyle president and chief executive
officer of its U.S. Life Insurance Division (USLI) and executive vice
president of the company. He will join Genworth on January 31, 2014.
(Photo: http://photos.prnewswire.com/prnh/20140131/NE56414 )
With more than 30 years in insurance and financial services, Boyle has held a
number of leadership positions at ManuLife Financial Corporation. Most
recently, he was president of John Hancock Financial Services Inc.—the
company's U.S. division—which included life and long term care insurance,
mutual funds and retirement plans, and its independent broker-dealer network.
Previously, Boyle was president of John Hancock's U.S. Insurance company, as
well as its U.S. Wealth Management company. He also served on the Board of
Directors of John Hancock Trust and John Hancock Funds.
During his tenure, he led the transformation of the organizations, executing
extensive capital, pricing, product line, and portfolio restructurings to
return the businesses' earnings from economic crisis levels to near
pre-recession highs. Ultimately, he created industry-leading positions in key
areas while building John Hancock's reputation and growth potential.
"We're delighted that Jim will be joining Genworth, bringing important
experience and expertise as we work to turn around our USLI Division and our
life insurance, long term care insurance, and annuities businesses," said Tom
McInerney, Genworth's president and chief executive officer. "He will work
with our USLI senior leadership team to continue to improve the profitability,
financial strength, and capital generation of the division, and help
accelerate the businesses' return to growth."
Boyle holds a B.S. in Accounting, cum laude, from Boston College.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance
holding company dedicated to helping people secure their financial lives,
families and futures. Genworth has leadership positions in offerings that
assist consumers in protecting themselves, investing for the future and
planning for retirement--including life insurance, long term care insurance,
and financial protection coverages--and mortgage insurance that helps
consumers achieve home ownership while assisting lenders in managing their
risk and capital.
Genworth operates through three divisions: U.S. Life Insurance, which includes
life insurance, long term care insurance and fixed annuities; Global Mortgage
Insurance, containing U.S. Mortgage Insurance and International Mortgage
Insurance segments; and the Corporate and Other division, which includes the
International Protection and Runoff segments. Products and services are
offered through financial intermediaries, advisors, independent distributors
and sales specialists. Genworth, headquartered in Richmond, Virginia, traces
its roots back to 1871 and became a public company in 2004. For more
information, visit genworth.com.
From time to time, Genworth releases important information via postings on its
corporate website. Accordingly, investors and other interested parties are
encouraged to enroll to receive automatic email alerts and Really Simple
Syndication (RSS) feeds regarding new postings. Enrollment information is
found under the "Investors" section of genworth.com.
SOURCE Genworth Financial, Inc.
Contact: Investors: Georgette C. Nicholas, 804 662.2248,
email@example.com;Media: Al Orendorff, 804.662.2534,
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