Chaplin Joins MGIC Investment Board and Sperber Promoted to Controller

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Jan 29, 2014, 04:33 ET

MILWAUKEE, Jan. 29, 2014 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced that C. Edward Chaplin has been elected to the Board of Directors for MGIC Investment Corporation and its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC). He will be a member of the Risk Management and Securities Investment Committees.

"We are excited about Chuck's addition to the board," said Curt Culver, MGIC Investment's chairman and CEO. "His tenure in the financial services industry makes him a natural fit and we look forward to his contributions."

Mr. Chaplin has been President and Chief Financial Officer at MBIA Inc., a provider of financial guarantee insurance and the largest municipal bond-only insurer, since 2008. He was on MBIA's Board from 2003 until 2006, when he left to become Chief Financial Officer of that company. Prior to joining MBIA, Mr. Chaplin was Senior Vice President and Treasurer of Prudential Financial Inc., a firm he joined in 1983 and for which he held various senior management positions, including Regional Vice President of Prudential Mortgage Capital Company.

Additionally, Julie Sperber has been elected Controller of both MGIC Investment Corporation and MGIC effective upon Timothy Mattke's previously announced promotion to Chief Financial Officer. Ms. Sperber has been with MGIC since 1998 and has held multiple positions with increasing responsibility in the company's finance department. She most recently held the title of Vice – President - Assistant Controller. Before joining MGIC, Ms. Sperber was an auditor with PricewaterhouseCoopers LLP, the Company's independent registered accounting firm. She has a BBA in Accounting and Finance from the University of Wisconsin-Madison.

About MGIC
MGIC (www.mgic.com) is a private mortgage insurer with $158.7 billion primary insurance in force covering approximately 1.0 million mortgages as of December 31, 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