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."

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.