Richmond, Va.-based Genworth Financial Inc. has hired Michael Derstine as chief risk officer of its Genworth U.S. Mortgage Insurance unit.
Derstine previously worked at Republic Mortgage Insurance Co. (RMIC), where he held several leadership roles, most recently as capital deployment group manager. In this position, he led the underwriting risk policy, portfolio risk monitoring and pricing groups. Derstine previously served as pricing group manager at RMIC, where he led the mortgage valuation, actuarial analysis and quantitative modeling teams.
