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Genworth Financial Announces New Chief Risk Officer and Chief Actuary

RICHMOND, Va., Feb. 26 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that Michel Perreault and Robert P. Vrolyk will join the company as its new chief risk officer and chief actuary, respectively. Both will be based in Genworth's global headquarters in Richmond, Virginia.

As Genworth's new chief risk officer, Perreault will be responsible for enterprise-wide risk management as well as risk oversight for the Retirement and Protection business unit. Perreault will oversee a global risk organization of more than 150 employees and will report directly to Genworth Chief Executive Officer Michael D. Fraizer.

Perreault comes to Genworth from ING Group, where since 2007 he served as its senior vice president, chief actuary and chief insurance risk officer of the company's U.S. retail annuity business based in West Chester, Pennsylvania. Prior to ING, Perreault was senior vice president and chief actuary for Old Mutual U.S. Life Holdings of Baltimore, Maryland. From 1994-2001, he was senior vice president and chief actuary at Fidelity and Guaranty Life, also in Baltimore. From 1987-1994 he served in a similar capacity at The Holden Group in Los Angeles, California.

As Genworth's new chief actuary, Vrolyk will report to Chief Financial Officer Pat Kelleher and lead companywide actuarial efforts and corporate financial planning. He joins Genworth from Sun Life Financial U.S., where since 2003 he served as vice president of Sun Life's Private Client Group. He began his career at Sun Life's U.S. offices in 1985, serving in a variety of capacities there including financial actuary, and vice president and chief actuary.

"It's a great pleasure to welcome Michel and Robert to our senior team," said Michael D. Fraizer, Genworth chief executive officer. "Maintaining deep risk and actuarial capabilities are especially significant as Genworth manages through this challenging environment and positions itself for the future."

Previously, risk management and actuarial functions reported to Vic Moses, former Genworth senior vice president for Actuarial and Risk, who retired from that position on October 1, 2008.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of Genworth.com.

SOURCE Genworth Financial, Inc.
CONTACT: Media: Al Orendorff, +1-804-662-2534,
al.orendorff@genworth.com, Genworth.com/presscenter,
or Investors: Alicia Charity, +1-804-662-2248, investorinfo@genworth.com,
both of Genworth Financial, Inc.
Web Site: http://www.Genworth.com
(GNW)