Genworth Financial

Torc Robotics Names Richard Kannan as New Chief Financial Officer

Retrieved on: 
Thursday, March 14, 2024
General Electric, Forecasting, CFO, Business administration, Genworth Financial, Robotics, University, Torc Robotics, Management

BLACKSBURG, Va, March 14, 2024 (GLOBE NEWSWIRE) -- Torc Robotics , an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, today announced the appointment of Richard Kannan as the organization’s new Chief Financial Officer.

Key Points: 
  • BLACKSBURG, Va, March 14, 2024 (GLOBE NEWSWIRE) -- Torc Robotics , an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, today announced the appointment of Richard Kannan as the organization’s new Chief Financial Officer.
  • In his role, Kannan will manage all financial operations and lead the development of Torc’s overall financial strategy as it moves to bring its autonomous trucking technology to market.
  • “Richard has proven himself to be an invaluable asset to Torc during his time as interim CFO, and I am thrilled to welcome him as a permanent member of our executive team,” said Peter Vaughan Schmidt, Torc Robotics’ CEO.
  • “Being able to contribute to Torc’s vision of transforming the trucking industry with autonomous technology is an incredible opportunity, and one that I look forward to taking on as Chief Financial Officer," said Kannan.

Genworth Financial Schedules Earnings Conference Call for May 2

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Consumer, Insurance, Seniors, Finance, Personal Finance, ACT, Enactment, Telephone, Webcast, PIN, Internet, Genworth Financial, GNW

Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 1, 2024.

Key Points: 
  • Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 1, 2024.
  • A conference call will be held on May 2, 2024, at 9:00 a.m. (ET) to discuss the quarter’s results.
  • Genworth’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
  • The dial-in number for Genworth’s May 2 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 9022176.

Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs

Retrieved on: 
Tuesday, March 12, 2024
Managed Care, General Health, Professional Services, Family, Consumer, Baby Boomers, Health Insurance, Insurance, Nursing, Seniors, Finance, Health, Well, Cooking, Eating, Genworth Financial, Partnership, COVID-19, Research, Running, Long-term care, Live, Housing, Safety, Ageing

The cost of long-term care services increased across all provider types and increased more substantially for certain settings, according to Genworth’s Cost of Care Survey 2023.

Key Points: 
  • The cost of long-term care services increased across all provider types and increased more substantially for certain settings, according to Genworth’s Cost of Care Survey 2023.
  • Inflation and the shortage of skilled care workers are the core drivers of increases in the costs of care services.
  • Genworth, in partnership with CareScout, a wholly owned subsidiary of Genworth Financial, Inc., has been conducting its Cost of Care Survey since 2004.
  • Cost of Care Survey tool , an interactive web-based tool to help calculate the median cost of long-term care services in your area.

WealthVest Deploys New Distribution Team Representing Aspida

Retrieved on: 
Thursday, March 28, 2024
Merrill (company), Genworth Financial, Great Plains, Firelight, Terminal illness, Marketing, Financial adviser

BOZEMAN, Mont., March 28, 2024 /PRNewswire-PRWeb/ -- WealthVest, a leading financial services marketing and wholesaling firm, announced the launch of a new distribution team to represent their partner Aspida, a life insurance and annuity company. The new, nationwide team will be the exclusive distributor of Aspida's WealthLockSM suite of annuities - available in 49 states - making it easier for broker dealers and financial institutions to provide their clients with reliable, principal-protected retirement planning options.

Key Points: 
  • BOZEMAN, Mont., March 28, 2024 /PRNewswire-PRWeb/ -- WealthVest, a leading financial services marketing and wholesaling firm, announced the launch of a new distribution team to represent their partner Aspida, a life insurance and annuity company.
  • In the Northeast and Upper Midwest, Mark Andelin will serve as the dedicated wholesaler representing Aspida.
  • WealthVest's well-regarded internal wholesaling, new business, product and marketing teams will provide essential back-office support to the new, dedicated distribution team.
  • "The addition of this dedicated wholesale team is another step in enhancing the streamlined, white glove service we provide," said Chad Burns, chief distribution officer at Aspida.

Dynasty Financial Partners Salutes Women in Wealth Management with its New ‘Trailblazer Series’

Retrieved on: 
Thursday, February 29, 2024
Women, Finance, Consulting, Fintech, Banking, Professional Services, DEI (Diversity, Equity and Inclusion), Consumer, Asset Management, Quad Cities metropolitan area, Social media, Senior, Woman, Customer, Dream, Merrill (company), News, Genworth Financial, Female, Mentorship, Growth, Parent, Federal Reserve, Raymond James Financial, Financial adviser, Bear Stearns, Dynasty Foundation, Federal, Partner, Network, Process, Divorce, Employee benefits, JPMorgan Chase, Male, Music, Citigroup, CBS, Management

In honor of Women’s History Month, Dynasty Financial Partners is proud to unveil The Dynasty Women’s Network (“DWN”) Trailblazer Series, celebrating the women of Dynasty and its Network of firms.

Key Points: 
  • In honor of Women’s History Month, Dynasty Financial Partners is proud to unveil The Dynasty Women’s Network (“DWN”) Trailblazer Series, celebrating the women of Dynasty and its Network of firms.
  • Angela Gingras, Chief Operating Officer of Dynasty Financial Partners, has spent her career in financial services, 22 years of which she spent at Raymond James before joining Dynasty.
  • Samantha Sullivan, Director of Operations at Dynasty Financial Partners, began her career working with teams of wealth management advisors in Florida, Georgia, and New York before joining Dynasty to manage the Dynasty Turnkey Asset Management Program.
  • Throughout his career, Dynasty Founder and CEO Shirl Penney has been a fierce advocate for women within the male-dominated wealth management industry.

Enact Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 6, 2024
EHI, Insurance, Book, Growth, Genworth Financial, Delinquent, NIW, S&P, BBB, Triangle, Risk, S&P Global, Webcast, Share repurchase, Reinsurance

RALEIGH, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the fourth quarter of 2023.

Key Points: 
  • Persistency was 86%, up from 84% in the third quarter of 2023 and flat as compared to the fourth quarter of 2022.
  • Losses incurred for the fourth quarter of 2023 were $24 million and the loss ratio was 10%, compared to $18 million and 7%, respectively, in the third quarter of 2023 and $18 million and 8%, respectively, in the fourth quarter of 2022.
  • This compares to third quarter 2023 results of 14.9% and 14.9%, respectively, and to fourth quarter 2022 results of 14.0% and 14.4%, respectively.
  • Enact will discuss fourth quarter financial results in a conference call tomorrow, Wednesday, February 7, 2024, at 8:00 a.m. (Eastern).

Sena Kwawu Joins Cinch® Home Services as President, In-Home Services

Retrieved on: 
Tuesday, January 30, 2024
Senior, FrontDoor, School, Genworth Financial, Operation, Business school, VillageReach, Business administration, George Washington University, University, Business, Avista, MBA, Risk management, Starbucks, Management

BOCA RATON, Fla., Jan. 30, 2024 /PRNewswire/ -- Cinch Home Services (Cinch), one of the nation's leading providers of home service solutions, announces Sena Kwawu as its new President, In-Home Services.

Key Points: 
  • "Sena has an exceptional ability to shape enterprise strategy by placing customer needs and objectives at the forefront of every initiative he pursues," said Steve Upshaw, Chief Executive Officer of Cinch Home Services.
  • "With Sena's robust background and expertise in the home services space, coupled with his strategic operational insights and inspirational leadership, he will undoubtedly propel Cinch to new heights."
  • Kwawu noted, "I am honored to have the opportunity to join the exceptional leadership team at Cinch.
  • Before becoming part of the Cinch Home Services team, Kwawu held the position of Senior Vice President of Operations at Frontdoor, Inc.

Genworth Financial Schedules Earnings Conference Call for February 22

Retrieved on: 
Monday, January 22, 2024
Finance, Professional Services, Other Professional Services, Asset Management, Insurance, ACT, GNW, Telephone, Internet, Genworth Financial, Enactment, PIN, Webcast

Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 21, 2024.

Key Points: 
  • Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 21, 2024.
  • A conference call will be held on February 22, 2024, at 9:00 a.m. (ET) to discuss the quarter’s results.
  • Genworth’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
  • The dial-in number for Genworth’s February 22 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 6245584.

AM Best Affirms Credit Ratings of Genworth Financial, Inc. and Its U.S. Life Subsidiaries

Retrieved on: 
Thursday, December 7, 2023
Banking, Professional Services, Insurance, Finance, ACT, Pressure, NYSE, LTC, ERM, Genworth Financial, Marginal, Credit, Long-term care insurance, Long-term care, Mortality, Long-Term Capital Management, GLIC, AM Best, COVID-19, GNW, Failure, News, FSR, ALL, Environment, Security (finance), Risk management

Additionally, AM Best has affirmed the Long-Term ICRs of “b+” (Marginal) of Genworth Financial, Inc. [NYSE: GNW] and Genworth Holdings, Inc. (both domiciled in Delaware) as well as their Long-Term Issue Credit Ratings (Long-Term IRs).

Key Points: 
  • Additionally, AM Best has affirmed the Long-Term ICRs of “b+” (Marginal) of Genworth Financial, Inc. [NYSE: GNW] and Genworth Holdings, Inc. (both domiciled in Delaware) as well as their Long-Term Issue Credit Ratings (Long-Term IRs).
  • In addition, AM Best has affirmed the FSR of B- (Fair) and the Long-Term ICR of “bb-” (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Alimera Appoints Maggie A. Pax to Its Board of Directors

Retrieved on: 
Wednesday, November 8, 2023
Harvard Business School, Genworth Financial, Innovation, Biomarker, Massachusetts Institute of Technology, History, Physician, Alimera Sciences, Business development, Acquisition, MBA, Triple accreditation, Engineering, Growth, Thermo Fisher Scientific, Marketing, Business, Kidney disease, Patient, Management

ATLANTA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (Nasdaq: ALIM) (“Alimera”), a global pharmaceutical company whose mission is to be invaluable to patients, physicians and partners concerned with retinal health and maintaining better vision longer, today announces the addition of Maggie A. Pax to its Board of Directors.

Key Points: 
  • ATLANTA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (Nasdaq: ALIM) (“Alimera”), a global pharmaceutical company whose mission is to be invaluable to patients, physicians and partners concerned with retinal health and maintaining better vision longer, today announces the addition of Maggie A. Pax to its Board of Directors.
  • Ms. Pax presently serves on the board of several life sciences companies.
  • Ms. Pax began her career at Phillips Healthcare where she held senior leadership roles in business development, marketing, and product management from 1989 to 2000.
  • Ms. Pax holds an MBA from the Harvard Business School and is a board director of the Harvard Business School Healthcare Alumni Association.