Genworth today announced that two industry leaders will be joining Genworth’s U.S. Life Insurance division to lead product management, distribution and product marketing for its life, long term care and annuity businesses.
Vince Bodnar, one of the top long term care actuaries in the industry, will join Genworth as senior vice president of Product Management with overall responsibility for the design, development and management of Genworth’s life, long term care and annuity product portfolios.
Larry Nisenson joins Genworth as senior vice president, Chief Commercial Officer. He will be responsible for refining USLI’s commercial vision, including distribution and product marketing, as well as developing strategic and tactical plans to grow the business.
“I am thrilled to have two very accomplished industry leaders join the team as we focus on developing and distributing the next generation of insurance products geared to help Americans address the financial challenges of aging,” said David O’Leary, president and CEO of Genworth’s U.S. Life Insurance division. “Vince and Larry share our belief that aging and the issues that come with growing older don’t just affect one person; they affect all of us. As sons, husbands and fathers, they understand this first hand and can help Genworth lead the charge to help people age on their own terms.”
Most recently, Bodnar was chief actuary for Long Term Care Group, Inc., where he led new business development. He co-chairs the Society of Actuaries’ Long Term Care Think Tank and has provided industry leadership on premium rate increases and new product innovation. As a director at Willis Towers Watson, he was the leader of the firm’s long term care and Philadelphia Life practices. He was the president and co-founder of DaVinci Consulting Group, LLC, and was a principal and consulting actuary for Wakely Actuarial Services, Inc., and Milliman, Inc. He is an associate of the Society of Actuaries and a member of the American Academy of Actuaries.
Nisenson brings broad industry sales experience and diverse distribution channel expertise that spans intermediary distribution (BGAs, associations, agents, and brokers) and direct to consumer. He joins Genworth from Plymouth Rock Assurance Company, where he served as president of the High Point Insurance Companies, responsible for division profitability, growth and relationships. Prior to that, he served as vice president of Business Development at AXA-Equitable; senior vice president and national sales manager at American General Life Companies; and senior vice president – Eastern division at Allstate Financial.
Nisenson earned a Bachelor of Art’s degree in Political Science from Rutgers University and holds Series 7, 26 and 63 certifications.
Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance holding company committed to helping families achieve the dream of homeownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit www.genworth.com.
