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Genworth: No current plans to raise equity capital

NEW YORK (MarketWatch) -- Genworth Financial Inc. said Thursday that it plans to hold its second-quarter conference call on July 30, at which time it will note that it "remains comfortable with its capital position and has no current plans to raise equity capital." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information...

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Moody's downgrades Genworth Mortgage on weaker credit

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Monday downgraded Genworth Mortgage Insurance Corp., a unit of Genworth Financial Inc. , to Aa3 from Aa2 because of a weakened credit profile as a result of historically high mortgage defaults. The outlook is negative. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more...

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Genworth Taking Steps to Help Flood Victims in Midwest

RICHMOND, Va., June 30 -- Genworth Financial, Inc. (NYSE: GNW) announced today it will be initiating a number of actions to help flood victims in the Midwest. The recent flooding has impacted numerous lives, destroyed homes, and caused ...

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Genworth Financial Subsidiary Insurance Companies Launch IRA Variable Annuity

RetireReady(SM) IRA Annuity Product Offers Familiarity and Flexibility for Pre-retirees, Other Consumers RICHMOND, Va., June 30 /PRNewswire-FirstCall/ -- Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company of New York, subsidiaries of Genworth Financial, Inc. (NYSE: ), have launched a new RetireReady(SM) IRA Annuity product. The IRA Annuity is a new retirement product...

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Genworth Financial Announces Key Management and Organizational Changes

) today announced several key leadership and organizational shifts in order to enhance growth, improve competitiveness and simplify operations. Genworth's U.S. Mortgage Insurance segment, led by Kevin Schneider, will now report directly to Chairman and Chief Executive Officer Michael D. Fraizer. Executive Vice President Tom Mann will concentrate on leading the international segment. "Kevin and...

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Genworth Financial Chairman and CEO Michael D. Fraizer to Speak at the UBS Global Insurance Conference

) Chairman and CEO, Michael D. Fraizer, will present at the UBS Global Insurance Conference in London on Thursday, June 26, 2008 beginning approximately at 10:45 a.m. GMT (5:45 a.m. ET). The presentation and a link to the webcast will be publicly available on Genworth's website at . To participate in the webcast, register at least 15 minutes prior to the presentation to download and install any necessary...

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Genworth Financial Launches Partnership Long Term Care Insurance Products in Kansas

Number one carrier in individual long term care insurance sales* offers enhanced benefit to Kansas residents through public-private approach RICHMOND, Va., June 17 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: ) today announced that its long term care division has launched the newest addition to its portfolio of long term care planning solutions in Kansas -- Partnership Qualified Long...

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Genworth Financial Launches Partnership Long Term Care Insurance Products in Ohio

Number one carrier in individual long term care insurance sales* offers enhanced benefit to Ohioans through public-private approach RICHMOND, Va., June 17 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: ) today announced its long term care division has launched the newest addition to its portfolio of long term care planning solutions in Ohio -- Partnership Qualified Long Term Care Insurance...

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Genworth Financial Launches Partnership Long Term Care Insurance Products in Nebraska

Number one carrier in individual long term care insurance sales* offers enhanced benefit to Nebraska residents through public-private approach RICHMOND, Va., June 17 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: ) today announced its long term care division has launched the newest addition to its portfolio of long term care planning solutions in Nebraska -- Partnership Qualified Long...

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A.M. Best Affirms Ratings of Genworth Financial, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-

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Genworth Financial Receives National Excellence in Workplace Volunteer Programs Award from Points of Light Institute

Their Workplace Volunteer Programs Will Receive Awards at the 2008 National Conference on Volunteering and Service RICHMOND, Va., June 10 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: ) was recognized by the Points of Light Institute, the world's largest volunteer organization, with one of five national awards at its annual National Conference on Volunteering and Service in Atlanta, Georgia...

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Fitch may downgrade Genworth Financial's ratings

SAN FRANCISCO (MarketWatch) -- Fitch Ratings on Thursday placed Genworth Financial Inc.'s A+ issuer default rating and outstanding long-term debt ratings on rating watch negative. "Fitch believes the holding company faces increased pressure due to overall domestic mortgage insurance fundamentals that are impacting that segment of its operations," the ratings agency said in a statement. Fitch also...

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Fitch Places Genworth's L-T Holding Co. Rating on Watch Negative; Life Insurance Rtgs Not Impacted

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has placed Genworth Financial, Inc.'s (NYSE: GNW) 'A+' Issuer Default Rating (IDR) and outstanding long-term debt ratings on Rating Watch Negative.

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Long-term care costs higher in Florida

The cost of long-term care for the elderly is as much as 11 percent higher in Florida than the national average, according to a new report from Genworth Financial.

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Long-term care costs higher in Florida

The cost of long-term care for the elderly is as much as 11 percent higher in Florida than the national average, a report from Genworth Financial shows.