Genworth Mortgage Insurance Entity Merger
While there is no impact to you, we are notifying all Master Policy holders that the entity Genworth Residential Mortgage Insurance Corporation of North Carolina (GRMIC-NC) was merged with and into Genworth Mortgage Insurance Corporation (GMICO).
All of the terms and conditions of your policy remain the same. As of October 1, 2015, GMICO is the insurer and assumes all of GRMIC-NC's liabilities and obligations under this merger.
Please contact your Genworth sales representative or the ActionCenter® at 800 444.5664 with questions regarding premium payments, notices, claims, and inquiries.
As of June 30, 2015, Genworth Financial believes its mortgage insurance business would be compliant with the PMIERs capital requirements when including a series of transactions that have been executed to generate approximately $500 million of additional PMIERs capital credit and the completion of a planned internal restructuring. View our press release