Genworth Financial Inc.
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Higher rates can blunt long-term-care errors, Genworth CEO says
The largest seller of long-term-care coverage is counting on periodic rate increases of 2% to 4% to maintain profit targets.
Genworth Wealth completes sale to P-E firms
Changes to platform coming in next few weeks; firm will have new name by year-end
Genworth sale short list would be long list
A number of firms would likely be interested in buying Genworth's wealth management business — if it's on the block, that is.
Credit-worth of Genworth gets worse, nears junk
Genworth Financial Inc., the insurer seeking a chief executive officer, was downgraded by Standard & Poor's as the economic slump pressures earnings.The rating was cut one step to BBB-, the lowest investment- grade level, as Genworth faces difficulty “expanding margins globally in the weak
Heat is on as three fixed-income giants subadvise single small fund
What happens when Jeffrey Gundlach, Michael Hasenstab and Matthew Eagan all team up to subadvise a single fund? We're about to find out.
Genworth adds more investment options
Strategies from investment firms BlackRock Financial Management Inc., DoubleLine Capital LP, F-Squared Investments Inc., and Forward Management LLC were added to the mix, as well as four other strategies from firms already on the Genworth platform.
Genworth latest to rein in LTC insurance offerings
Carrier to suspend sale of lifetime benefits, 10-pay versions of product; changes to kick in July 29
Genworth's Joelson steps down from running $75B portfolio
Genworth's chief investment officer Ronald Joelson, who oversees $75 billion in assets, is leaving to join Northwestern Mutual Life Insurance.
Cetera adds Genworth B-D unit
Cetera Financial Group completed the acquisition of Genworth Financial Investment Services Inc. last Tuesday, bringing in about 1,800 financial advisers managing $13 billion in assets.
Genworth cuts ‘humbled' CEO's bonus as insurer misses targets
Genworth Financial Inc. cut Chairman and Chief Executive Officer Michael Fraizer's annual bonus to a third of his target as the life insurer and mortgage guarantor failed to meet its goals.
Genworth stock worth more on upgrade
Up 13% after Citigroup analyst said insurer can withstand mortgage-related losses
Long-term care: Cutting back coverage
When a 74-year-old client visited Ellen R. Siegel six years ago with news of an upcoming 12% rate increase on the premium of her long-term-care insurance, the adviser knew she had to navigate the potential benefit cuts with the precision of a surgeon.
Surprisingly sexy: This sector is being talked up by analysts
Who'd a thunk it? Life insurers, now cash-rich, have rebounded nicely from the financial crisis. But their shares are still cheap compared with those of banks, analysts say.
Insurers getting plenty of mileage out of LTC hybrids
Combination life and long-term care polices are gaining serious traction in the marketplace. One for-instance: Sales for Lincoln National's MoneyGuard are up 62 percent over the past year.
Genworth releases asset allocation offering aimed at tamping down volatility
New product was created with diversification across asset classes — and alternatives — in mind
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February 27, 2014