Williams (Ticker: WGF1) is pleased to announce a new multi-year partnership agreement with global lifestyle protection insurer, Genworth (NYSE: GNW).
Genworth is a Fortune 500 company with a heritage dating back to 1871. Genworth’s Lifestyle Protection division is a leading provider of Lifestyle Protection Insurance, distributed via financial institutions and other distributors in over 20 countries worldwide, including a growing presence in Latin America and China.
The new partnership will see the Genworth logo appear on the rear wing endplate of the Williams Mercedes FW36, the overalls worn by each driver, and the kit worn by team personnel from the 2014 season onwards.
Speaking about the new partnership Sir Frank Williams, Founder and Team Principal of Williams, said; “I’m delighted to welcome a brand of Genworth’s pedigree to the team for the 2014 season and beyond. We share a number of similar values such as ensuring excellence and integrity in everything we do and a truly global footprint. We’re looking forward to working in close collaboration to help them maximise the benefits that come from a close association with Williams and Formula One.”
"We are excited to become a partner to Williams," said Peter Barrett, Global Managing Director of Genworth's lifestyle protection division. “The Williams business, and the strong ideals and foundations that it is built on, are very closely aligned to Genworth’s core values. Our partnership with Williams provides Genworth with a powerful worldwide platform which mirrors our global footprint, connects with new global audiences and will ensure client engagement opportunities through the extensive coverage and profile that Formula One receives globally.”
Williams is a leading Formula One team and advanced engineering company. Formed in 1977 by Sir Frank Williams and Patrick Head, Williams has secured 16 FIA Formula One World Championship titles since its foundation. Nine of these titles have been won in the Constructors' Championship, with the remaining seven titles being Drivers' Championships won with Alan Jones, Keke Rosberg,Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill and Jacques Villeneuve.
The company's core competencies are the design and manufacture of Formula One race cars, and the deployment of this expertise in running the team's entries into the Grands Prix each season.
Williams Advanced Engineering is the division of Williams that harnesses Formula One derived technology, development pace and knowledge to deliver highly innovative products and services to the motorsport, automotive, transport, and energy sectors. Working in close collaboration, Williams Advanced Engineering helps its customers meet the sustainability challenges of the 21st century and improve their performance, market position and brand image.
About Genworth Lifestyle Protection
Genworth’s lifestyle protection products have been designed to help people over the entire course of their lifetime, regardless of what happens. Our products include:
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, and financial protection coverages -- and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.
Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com. From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com.