Powered by MOMENTUM MEDIA
realestatebusiness logo

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

“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 Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market. ...

Following Saturday’s (21 May) federal election, here’s a recap of the housing policies we can expect to see this year. ...

The bank’s latest data suggests that mortgage fees have decreased during the last quarter, while surging over the past 12 months. ...

VIEW ALL

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!

What is the maximum proportion of income borrowers should use to service a mortgage?

Website Notifications

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