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news мая 03, 2021 at 10:01 clock parts & print
Executives in Genworth Financial Inc. Would you like to work with other companies to return to the US market for long-term care (long term maintenance (long term).
The Richmond insurer of Richmond, the Virginia-based insurer, also wants to with China Oceanwide Holdings Group Co. Ltd. - collaborate a company that tries for more than four years to acquire Genworth - to sell long-term care products (LTC) in China.
Tom McInerney, CEO of Genworth, talked about LTCI revival plans Friday, while a telephone conference calls, the company considered the result of the first quarter with securities analysts.
Genworth was an important actor in the areas of US life insurance and annuity markets, and it was a dominant player in the US market. In recent years, it has suffered financial problems due to the impact of low interest rates, false winners on the LTCI business. Genworth still has a healthy mortgage insurance business, and it hopes to increase cash by selling a minority share in this business through an initial public offer to the public.
Revenues from the sale of the mortgage insurance company The care should help to help Genworth be able to receive their debts on a more sophisticated level, McNearney said.
Genworth also sees ways to strengthen its US Life Insurance Business - the device that includes LTCI operations - through "development and refining sustainable long-term care insurance business models," McNerney said.
Part of this effort, he said, it will be to continue state insurance regulators to increase the permission to increase the LTCI premiums and reduce benefit options.
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