GWP less treaty: £397.3m
Genworth Financial, Vantage West, Great West Road, Brentford TW8 9AG
t: 020 8380 3000
f: 020 8380 3300
Year established: 2004
Major shareholders: 70% owned by General Electric
Number of UK offices: 2
Number of UK employees (2003): 225
Main lines of business: Mortgage insurance, payment protection insurance, and personal accident
Genworth Financial was created in May 2004 when General Electric sold some of its insurance assets in an IPO. In the UK, the company is a leading provider of payment protection insurance and mortgage insurance. The underwriting companies for these two categories were established in 1972 and 1993, respectively.
Genworth Financial Payment Protection Insurance (previously GE Financial Insurance) and Genworth Financial Mortgage Insurance, Europe (previously GE Mortgage Insurance) are part of the Genworth Financial group which was created in 2004 when General Electric sold some of its insurance assets in an IPO. Due to insurance regulations, Genworth Financial Payment Protection Insurance writes longer-term disability creditor business as Class 1 through a sister company, Financial Assurance Company Limited, which is not shown here.
Chief officer: Bill Goings, president and chief executive, Payment Protection Insurance.
Marcia Cantor-Grable, president and chief executive, Mortgage Insurance, Europe.