Genworth Profit Tumbles 66% as CEO McInerney Shrinks InsurerBy
Insurer halted sales of life policies, annuities this year
McInerney counts on mortgage guaranty unit for rebound
Genworth Financial Inc., the insurer burned by losses on long-term care, said first-quarter profit dropped 66 percent as Chief Executive Officer Tom McInerney shrinks the company.
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