Insurance 2024: THOMAS J. McINERNEY

McInerney has led Genworth Financial, which offers mortgage and long-term care insurance products, since 2013.

Genworth posted 2023 revenue of about $7.5 billion, flat from the previous year. Enact, Genworth’s private mortgage insurance subsidiary, had what McInerney described as an “outstanding year,” delivering an adjusted operating income of $552 million. The life and annuities segment, on the other hand, reported an adjusted operating loss of $15 million in the first quarter of 2024. 

But McInerney has another headache, as Genworth entities were named as defendants in class-action lawsuits filed last fall over the June 2023 data breach by a Russian cybercrime gang. 

Before joining Genworth, McInerney held executive roles with the ING Group, a Dutch financial services company. He began his career working as an insurance underwriter in 1978. 

McInerney earned an economics degree from Colgate University and an MBA from Dartmouth College. He chaired the board of Gov. Glenn Youngkin’s nonprofit workforce training initiative, Virginia Ready, which will sunset operations next year. He also sits on the boards of United Way Worldwide and Virginia Learns. McInerney donated $1.5 million in 2022 to the William & Mary Global Research Institute.