RICHMOND, Va., Jan. 6, 2014 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announces that it has named Lori M. Evangel as its new executive vice president and chief risk officer, joining the company on January 6, 2014.
Evangel comes to Genworth from Aflac, Inc., where she served as a managing director and chief risk officer for Global Investments while developing the investment division risk management function, including new credit and market risk systems and a new enterprise stress testing framework. Prior to that, Evangel was senior vice president and enterprise risk officer for MetLife, responsible for developing and leading the global Enterprise Risk Management unit in partnership with a cross-functional team in more than 50 countries.
"Managing risk is one of our core capabilities as an insurer, to enable us to meet our policyholder obligations while building value for our shareholders," said Tom McInerney, Genworth's president & chief executive officer. "Lori's extensive experience with creating, implementing, and leading global risk management systems will be integral to our broader, more comprehensive view of risk management across the enterprise to support the continued progress of Genworth."
Evangel holds a B.A. in Political Science from Middlebury College and an M.B.A. in Finance from the State University of New York.
In conjunction with this announcement, Michel Perreault, formerly Genworth's chief risk officer, will remain with the company as chief risk officer of the US Life Insurance Division.
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 has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement--including life insurance, long term care insurance, and financial protection coverages--and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.
Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.
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SOURCE Genworth Financial, Inc.
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