Jan. 31 (Bloomberg) — Genworth Financial Inc. named James Boyle to run its U.S. life insurance operation, as Chief Executive Officer Tom McInerney seeks to improve results at the country's largest provider of long-term care coverage.
Boyle, 54, was previously president of John Hancock Financial Services Inc., the U.S. division of Manulife Financial Corp., Richmond, Virginia-based Genworth said today in a statement. As CEO of the division, he'll oversee life insurance, long-term care and the annuities business.
Boyle brings "experience and expertise as we work to turn around our U.S. Life Insurance Division," McInerney said in the statement. He will work with managers to "improve the profitability, financial strength, and capital generation of the division, and help accelerate the businesses' return to growth."
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