Powered by MOMENTUM MEDIA
subscribe to our newsletter

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.

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.

Advertisement
Advertisement

PROMOTED CONTENT


“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

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

Latest News

The Treasurer has met with regulators to discuss the housing market and consider whether “carefully targeted and timely adjustments” ...

The major bank has once again extended its cashback and drawdown deadlines. ...

The major bank has expanded its SME Recovery Loan Scheme offer to small businesses impacted by the pandemic, effective 1 October. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.