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Genworth names chief risk officer for mortgage unit.

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Richmond-based Genworth Financial Inc. has named Michael Derstine chief risk officer for its Genworth U.S. Mortgage Insurance unit.

Derstine previously worked at Republic Mortgage Insurance Co., based in Winston-Salem, N.C., where he was capital deployment group manager. In this position, he led the underwriting risk policy, portfolio risk monitoring and pricing groups, and developed risk assessment and performance monitoring strategies.

Genworth is a Fortune 500 insurance holding company offering life insurance, long-term care insurance, wealth management services.

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