Carr and Poliner Join MGIC Investment Board

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Oct 24, 2013, 12:53 ET

MILWAUKEE, Oct. 24, 2013 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced that Cassandra C. Carr and Gary A. (Skip) Poliner have joined the company's Board of Directors and will be part of the Audit Committee and Securities Investment Committee.

"We welcome Cassandra and Skip to the MGIC board and look forward to their contributions as our company continues to navigate the improving business conditions in the mortgage market," said Curt Culver, MGIC Investment's chairman and CEO. "Their diverse business and management backgrounds will bring an important perspective to MGIC as we consider the opportunities in our market."

Ms. Carr is currently a consultant. She was Global Vice Chair of Talent at Hill+Knowlton Strategies before leaving in 2012, and spent nine years as a Senior Advisor for Public Strategies, Inc., both of which firms provide public relations services. Prior to joining Public Strategies, Ms. Carr held various senior-level positions with SBC Communications, Inc., which during her tenure became one of the world's largest telecommunications companies, including Senior Executive Vice President, External Affairs, Senior Vice President, Human Resources, and Senior Vice President – Finance and Treasurer.

Gary A. Poliner was President of Northwestern Mutual Life Insurance Company, the nation's largest direct provider of individual life insurance, and a member of its Board of Trustees, when he retired in June 2013. Mr. Poliner also held various senior-level positions at Northwestern Mutual, including Chief Financial Officer and Chief Risk Officer.

About MGIC

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer as measured by $159.2 billion primary insurance in force covering approximately 1.0 million mortgages as of September 30, 2013. MGIC serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.

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SOURCE MGIC Investment Corporation