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Genworth Financial (GNW)

The Genworth Financial CRUSH Report is a Fortune 1000 deep dive sales intelligence company profile and will help increase your sales leads and add more accounts in your sales pipeline while eliminating costly research time.

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Genworth Financial, Inc. News Release

A Collection of Genworth Financial, Inc. News Release

Genworth Financial Announces Results of Annual Meeting
Thursday May 17th 2012 03:12:49 PM

RICHMOND, Va., May 17, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced the re-election of all seven directors nominated at its 2012 annual meeting of stockholders today.  The board members re-elected were Steven W. Alesio, William H. Bolinder, Nancy J. Karch, Christine B. Mead, Thomas E. Moloney, James A. Parke, and James S. Riepe. At the annual meeting, stockholders also approved the advisory vote on named executive officer compensation, approved the 2012 Genworth Financial, Inc. Omnibus Incentive Plan, and ratified the selection of KPMG LLP as Genworth's independent registered public accounting firm for 2012. About Genworth Financial Genworth Financial, Inc. ...

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Genworth Names Tata Consultancy Services Limited (TCS) Strategic Supplier of the Year
Tuesday May 15th 2012 02:30:38 PM

RICHMOND, Va., May 15, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) is the recipient of its 2011 Strategic Supplier Partnership Initiative (SSPI) award.  The award recognizes key suppliers that show commitment to embodying Genworth values and demonstrating innovation, continuous improvement and cost performance. (Photo: http://photos.prnewswire.com/prnh/20120515/PH07429) TCS is a leading IT services, consulting, and business solutions organization and one of the top 10 technology firms in the world. TCS provides Genworth a broad range of application development and 24x7 technical support servi...

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Broadcast Information For Genworth Financial 2012 Annual Meeting Of Stockholders
Thursday May 10th 2012 04:05:22 PM

RICHMOND, Va., May 10, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) will offer a listen-only broadcast of its 2012 Annual Meeting of Stockholders to be held at 9:00 a.m. (ET), May 17, 2012. The broadcast will be accessible via telephone only. The dial-in number for the event is 800 514.8534 or 206 673.3027 (outside the U.S.).  A replay of the broadcast will be available until May 31, 2012 at 855 859.2056 or 404 537.3406 (outside the U.S.); conference ID # 72121445. 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 ha...

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Genworth Mortgage Insurance Unit Announces Price Reductions and Expanded Credit Guidelines to Help Lenders Serve More Home Buyers
Monday May 7th 2012 08:31:07 AM

Reduced Pricing and Expanded Credit Guidelines Will Take Effect May 14 RICHMOND, Va., May 7, 2012 /PRNewswire/ -- The U.S. Mortgage Insurance (USMI) unit of Genworth Financial, Inc. (NYSE: GNW) today announced a range of price and underwriting guideline adjustments that will reduce the cost of insurance for most mortgage loans lenders offer to their customers. These adjustments include reduced pricing and expanded underwriting guidelines that will allow more borrowers to qualify for conventional mortgage loans with affordable down payments of less than 20 percent of a home's purchase price. The guideline and pricing changes will take effect May 14.  The changes reduce monthly premium ...

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Genworth Announces Two Leadership Changes in Mortgage Insurance Businesses
Tuesday May 1st 2012 04:19:32 PM

RICHMOND, Va., May 1, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE:GNW) announces that it has named U.S. Mortgage Insurance President and Chief Executive Officer (CEO) Kevin Schneider as president and CEO of its recently formed Global Mortgage Insurance division, effective immediately.  In this capacity, Schneider also has been named an executive vice president of the company. U.S. Mortgage Insurance Chief Commercial Officer Rohit Gupta will succeed Schneider as president and CEO of U.S. Mortgage Insurance (USMI).   Schneider, 50, joined Genworth in 2003 and has more than 28 years of experience in financial services and mortgage insurance.  Prior to joining Genworth, he held var...

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Genworth Financial Announces First Quarter 2012 Results
Tuesday May 1st 2012 04:17:00 PM

$170 Million Capital Benefit In U.S. Life Insurance From First Life Block Sale Transaction U.S. Mortgage Insurance Improves As New Delinquencies Continue To Decline $21 Million Loss In Australia Mortgage Insurance From $53 Million Reserve Strengthening RICHMOND, Va., May 1, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today reported results for the first quarter of 2012. The company reported net income(1) of $47 million, or $0.09 per diluted share, including a loss of $41 million from the life block sale transaction, compared with net income of $59 million, or $0.12 per diluted share, in the first quarter of 2011. Net operating income(2) for the first q...

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Genworth Financial Announces CEO Change
Tuesday May 1st 2012 04:15:00 PM

Chairman and CEO Michael D. Fraizer Resigns Martin P. Klein Named Acting CEO James S. Riepe Named Non-Executive Board Chair RICHMOND, Va., May 1, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE:GNW) today announced that Michael D. Fraizer, the company's chairman and chief executive officer, has resigned. The Board has named Martin P. Klein acting chief executive officer and James S. Riepe non-executive chairman of the Board. Klein has been chief financial officer since May 2011, and he remains in this position. Riepe, a Genworth director since March 2006, has been the lead director since February 2009. "On behalf of the Board, we thank Mike for his dedication to Genworth ...

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Genworth Financial Announces New Chief Investment Officer
Friday April 27th 2012 04:12:24 PM

RICHMOND, Va., April 27, 2012 /PRNewswire via COMTEX/ --Genworth Financial, Inc. (NYSE: GNW) has named Daniel J. Sheehan IV as the company's senior vice president and chief investment officer effective April 30, 2012, reporting to Michael D. Fraizer, chairman and chief executive officer. Sheehan has been with Genworth since its initial public offering in 2004 and prior to that with its former parent General Electric Company since 1997. During that period, he held various roles throughout the investment organization, including real estate, risk, and portfolio management. In his most recent position as senior vice president of asset management, he was responsible for the overall performa...

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Genworth Financial Announces New Timing For Planned Minority Initial Public Offering (IPO) of Australian Mortgage Insurance Business
Tuesday April 17th 2012 04:54:18 PM

RICHMOND, Va., April 17, 2012 /PRNewswire via COMTEX/ --Genworth Financial, Inc. (NYSE: GNW) today announced a new timeframe for completing its planned minority initial public offering (IPO) of up to 40 percent of its Australian mortgage insurance (MI) business. Genworth is now seeking to complete the IPO in early 2013, subject to market conditions, valuation considerations including business performance, and regulatory approvals. The Australian MI capital ratio remains sound, and the company is continuing the IPO regulatory review process. Genworth had previously targeted a second quarter 2012 IPO. This new timeframe primarily reflects recent business performance in Australia. For the ...

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Genworth Portfolio Solutions Sprint Past $1 Billion Mark
Wednesday April 11th 2012 10:01:09 AM

Genworth Portfolio Solutions Offer a Sophisticated Method for Navigating Unpredictable Markets with Confidence PLEASANT HILL, Calif., April 11, 2012 /PRNewswire/ -- Genworth Financial Wealth Management (GFWM), a subsidiary of Genworth Financial, Inc. (NYSE: GNW), today announced that its Genworth Portfolio Solutions (GPS) strategies have crossed the $1 billion mark less than a year after the May 2011 launch. GPS reflects GFWM's philosophy of diversifying client assets across various investment approaches -- some designed for up markets and some positioned for down markets -- allowing advisors to navigate changing markets with confidence. Like GFWM's turnkey, open architecture platform,...

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