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Genworth Announces Election of New Independent Board Member

RICHMOND, Va., Oct 07, 2010 /PRNewswire via COMTEX/ --

Genworth Financial, Inc. (NYSE: GNW) announces that it has elected William H. Bolinder as a new independent director.

Bolinder, 67, retired in June 2006 from serving as president, chief executive officer and a director of Acadia Trust N.A., positions he had held since 2003. Before joining Acadia, Bolinder was previously a member of the Group Management Board for Zurich Financial Services Group from 1994 to 2002. He first joined Zurich American Insurance Company, U.S.A. in 1986 as chief operating officer and became its chief executive officer in 1987. He has been a director of Endurance Specialty Holdings Ltd. since December 2001. From January 2007 to October 2008, Bolinder was a director of Quanta Capital Holding Ltd. He has also served on the boards of the American Insurance Association, American Institute for Chartered Property Casualty Underwriters, Insurance Institute for Applied Ethics, Insurance Institute of America, Insurance Services Office, Inc. and the National Association of Independent Insurers.

"As Genworth continues to execute its strategy, we believe Bill's extensive experience and insights will be invaluable in helping to guide us," said Michael D. Fraizer, chairman and chief executive officer.

Bolinder received a bachelor's degree from the University of Massachusetts-Dartmouth. Bolinder's election to Genworth's Board of Directors increases the size of the Board from nine to ten directors.

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.