Genworth Financial has named James Boyle president and CEO of its U.S. Life Insurance Division and EVP of the company, effective today.
Boyle last was president of John Hancock Financial Services, with responsibility for life and long term care insurance, mutual funds and retirement plans, and its independent broker-dealer network. While with Manulife, John Hancock's parent company, Boyle also served as president of John Hancock's U.S. Insurance company and its U.S. Wealth Management company.
"We're delighted that Jim will be joining Genworth, bringing important experience and expertise as we work to turn around our USLI Division and our life insurance, long term care insurance, and annuities businesses," said Tom McInerney, Genworth's president and CEO, in a statement. "He will work with our USLI senior leadership team to continue to improve the profitability, financial strength, and capital generation of the division, and help accelerate the businesses' return to growth."
Genworth's mortgage insurance division added tech execs earlier this year.