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Brian Hurley announces his decision to transition from Chairman and Chief Executive Officer to Executive Chairman on January 1,

 Brian Hurley announces his decision to transition from Chairman and Chief  Executive Officer to Executive Chairman on January 1, 2015  Stuart Levings appointed as Successor  TORONTO, Aug. 28, 2014 /CNW/ - Genworth MI Canada Inc's. ("Genworth Canada")  (TSX: MIC) Chairman and Chief Executive Officer, Brian Hurley, announced that  after five years in his current roles he will transition to the newly created  role of Executive Chairman effective January 1, 2015.  Concurrently, the Board of Directors today announced that Stuart Levings,  Chief Operating Officer of Genworth Canada will succeed Mr. Hurley and take on  the role of President and Chief Executive Officer effective January 1, 2015.  To assist with the transition, Mr. Hurley will work with Mr. Levings on  corporate strategy, overall business performance, board relations and  leadership succession. Genworth Canada will continue to have a Lead Director  on the board to provide leadership to the board of directors.  "Brian has had an outstanding career at Genworth Canada since its IPO in July  2009. He led the organization through a challenging period during which the  Company increased its focus on risk management while maintaining strong  customer relationships that drove growth in the business. The Board is very  pleased that its succession planning process has resulted in an exceptional  internal candidate, Stuart Levings, being named successor and looks forward to  continuing to work with him as he takes on the CEO role," said Sidney Horn,  Lead Director.  "I am confident that Stuart's outstanding leadership, financial experience and  risk management background will drive the success of Genworth Canada in the  future. That, combined with a long tenured and best-in-class executive team,  leaves no doubt that the management of the company is in very strong hands. I  look forward to working with the leadership team in my new role as Executive  Chairman to ensure there is a seamless transition in Genworth Canada's  management," noted Mr. Hurley.  "I am honoured to be asked by the Board to lead Genworth Canada and look  forward to working with the executive team and all of our employees to  maintain Genworth Canada's strong market presence and performance," said  Stuart Levings.  About Genworth MI Canada Inc.  Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial  Mortgage Insurance Company Canada (Genworth Canada), is the largest private  residential mortgage insurer in Canada. The Company provides mortgage default  insurance to Canadian residential mortgage lenders, making homeownership more  accessible to first-time homebuyers. Genworth Canada differentiates itself  through customer service excellence, innovative processing technology, and a  robust risk management framework. For almost two decades, Genworth Canada has  supported the housing market by providing thought leadership and a focus on  the safety and soundness of the mortgage finance system. As at June 30, 2014,  Genworth Canada, had $5.7 billion total assets and $3.3 billion shareholders'  equity. Find out more at www.genworth.ca.  Cautionary Note Regarding Forward-Looking Statements  This press release includes certain forward-looking statements. These  forward-looking statements include, but are not limited to, Genworth Canada's  plans, objectives, expectations and intentions, including the Genworth  Canada's focus on risk management, transition of management succession  planning and other statements contained in this release that are not  historical facts. These statements may be identified by their use of words  such as "may", "would", "could", "will", "intend", "plan", "anticipate",  "believe", "seek", "propose", "estimate", "expect", or similar expressions, as  they relate to  Genworth Canada are intended to identify forward-looking  statements. These statements are inherently subject to significant risks,  uncertainties and changes in circumstances, many of which are beyond Genworth  Canada's control. Genworth Canada's actual results may differ materially from  those expressed or implied by such forward-looking statements, including as a  result of changes in global, political, economic, business, competitive,  market and regulatory factors, and the other risks described in Genworth  Canada's Annual Information Form dated March 17, 2014. Other than as required  by applicable laws, Genworth Canada undertakes no obligation to publicly  update or revise any forward-looking statement, whether as a result of new  information, future developments or otherwise.    SOURCE  Genworth MI Canada  Investors - Samantha Cheung, 905-287-5482, samantha.cheunq@genworth.com; Media  - Anita Booth, 905-287-5394, anita.booth@genworth.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/August2014/28/c1621.html  CO: Genworth MI Canada ST: Ontario NI: REL 2575 WNEWS  
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