Powered by MOMENTUM MEDIA
subscribe to our newsletter
Genworth appoints new C-suite exec

Genworth appoints new C-suite exec

Genworth Australia has announced the appointment of Andrew Cormack to the role of chief risk officer (CRO).

Mr Cormack brings to his new role over 16 years’ experience in senior positions across Genworth Financial's LMI business in Europe.

He most recently held the position of CRO for that business, where he was responsible for the enterprise risk management framework, portfolio reporting and analytics, reserving, pricing, loss forecasting and capital modelling.

Advertisement
Advertisement

Genworth Australia CEO Ellie Comerford said she is delighted to welcome Mr Cormack to the team.

“We are pleased to have Andrew join us as CRO given his extensive experience with mortgage insurance and his diverse background in various senior leadership roles,” she said.

“Andrew joins us at a time when continued vigilance on risk management is top of mind for us and for our lender customers.”

Mr Cormack will begin his new role on 1 October 2015.

In light of Mr Cormack’s appointment, Conor O’Dowd will assume the role of chief actuary for Genworth Australia.

Genworth appoints new C-suite exec
mortgagebusiness

 

Latest News

The embattled wealth giant has confirmed that its statutory net profit fell by $820 million in 2018, due to costs associated with the royal ...

The non-major bank’s net profit after tax has dropped by 4.7 per cent, coinciding with weaker home lending performance. ...

Regulatory sandboxes may not be the answer for regulating cross-border fintechs, a new report has suggested. ...

FROM THE WEB

POST RC PANEL DISCUSSION ADDED

podcast

LATEST PODCAST: The aftermath of the final royal commission report

Is enough being done to ensure responsible lending?