Genworth Pioneers in Japanese Market

Genworth Financial, Richmond, Va., has established operations as the first monoline residential mortgage guaranty insurance provider in Japan.The company has named Kazutoshi Kuwahara as managing director of the new Japanese operations, which are headquartered in Tokyo. Through the new operations, Genworth "will work with Japan's national and regional leaders and specialized mortgage loans to provide attractive alternatives to mortgage options currently available to Japanese homebuyers, who typically prefer low [downpayment] mortgages in order to maintain cash savings," the company said. Genworth can be found on the Web at http://www.genworth.com.