Portfolio spotlight: Genworth MI Canada
Genworth MI Canada is the largest private residential mortgage insurer in Canada (second largest overall after the Canadian Mortgage and Housing Corporation). The company traces its roots back to 1995, when General Electric Capital, GE’s major financial arm, bought certain assets and hired key employees in Canada. A number of GE Capital’s insurance businesses were brought under the same umbrella and became Genworth Financial, a US-based firm which was spun out of GE in 2004 a
