Gregory Chi Joins MGIC as Senior Vice President and Chief Information Officer

MILWAUKEE, March 8, 2012 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG) has hired Gregory Chi as Senior Vice President and Chief Information Officer.  Mr. Chi will lead the company's information technology team and the services it provides to the company and its customers.

"Technology plays an important role in today's business environment and we are very pleased MGIC will have the benefit of Greg's experience in the financial services industry," said Curt Culver, MGIC Investment's chairman and CEO.

Prior to joining MGIC, Mr. Chi had been Senior Vice President of Enterprise Delivery Services with SunTrust Bank since 2008. Prior to joining SunTrust, he had been Vice President, Information Technology Development Application with MetLife, Inc. since 2005.  Prior to that, he held various senior management positions at MasterCard, Inc and The Bank of New York Mellon.  Mr. Chi graduated from Carnegie Mellon University with a BA in Architecture. He also earned a Master of Science in Industrial Administration degree from Carnegie Mellon University.

About MGIC

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer based on $172.9 billion primary insurance in force covering 1.1 million mortgages as of December 31, 2011. 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.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website without making any other disclosure and intends to continue to do so in the future. 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 can be found at http://mtg.mgic.com under Investor Information.

SOURCE MGIC