Genworth Shifts MI Exec's Reporting Duty

Genworth Financial Inc., Richmond, Va., has made a change in its organizational chart that shifts the reporting responsibility of the head of its U.S. mortgage insurance business. Until now, Kevin Schneider, president of U.S. mortgage insurance, reported to the company's executive vice president, Tom Mann. Mr. Mann will now concentrate on leading the international segment, while Mr. Schneider will report directly to Genworth's chairman and chief executive, Michael D. Fraizer. "Kevin and his organization have kept a clear focus on executing our strategy and positioning the business for the future -- all while mitigating risk during a difficult industry transition," said Mr. Fraizer. Genworth can be found on the Web at http://www.genworth.com.