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41 Virginia companies made the 2025 Fortune 1000
Forty-one companies headquartered in Virginia made the grade in Fortune magazine’s 71st annual Fortune 1000 list, and 25 Virginia companies are on this year's elite Fortune 500.
Genworth taps new CIO
Henrico County-based Fortune 500 insurance company Genworth Financial announced Monday that Morris Taylor is its new senior vice president and chief information officer. Taylor joins the company from Glen Allen-based Fortune 500 insurer Markel, where he had served as chief information officer since 2021. Before Markel, Taylor spent 25 years with McLean-based Capital One Financial, […]
Finance | Insurance 2023: THOMAS J. McINERNEY
The leader of a Fortune 500 insurance company, McInerney has come a long way since his first job as a newspaper carrier at age 12. Genworth, which provides life, mortgage and long-term care insurance, posted 2022 revenue of $7.5 billion, down from $7.83 billion in 2021 and $8.65 billion in 2020. In June, Genworth acknowledged […]
Genworth president gives $1.5M to W&M
William & Mary has established a new postdoctoral fellowship in its Global Research Institute, funded by a $1.5 million gift from Genworth Financial Inc. President and CEO Tom McInerney, the college announced Wednesday. The fellowship will advance the GRI’s international study and research collaborations. A multidisciplinary hub, the institute has facilitated applied research projects in[...]
Virginia companies weigh office returns
Many companies in Virginia are taking a flexible approach on whether employees must return to work in offices or continue working remotely or via hybrid models. For instance, Capital One Financial Corp., the McLean-based credit card company, is planning to reopen its U.S. offices in a hybrid model on Sept. 6. Capital One delayed its […]
Genworth completes IPO for mortgage insurance subsidiary
Henrico County-based Fortune 500 insurer Genworth Financial Inc. completed the once-delayed initial public offering of its mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc., it announced Monday. Between the IPO and a private sale of shares, Genworth received aggregate net proceeds of about $535 million after underwriters’ fees but before other expenses. Genwort[...]
Genworth launches IPO for mortgage insurance subsidiary
Nearly five months after it was first announced, Henrico County-based Fortune 500 insurer Genworth Financial Inc. on Monday launched an initial public offering for its private mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc. Genworth Holdings Inc. (GHI), a wholly owned subsidiary of Genworth Financial, is offering 13.31 million shares of common stock in […]
