MILWAUKEE, July 25, 2013 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced that Daniel A. Arrigoni has joined the company's Board of Directors and will be a member of the Board's Audit Committee and Risk Management Committee.
"Dan's vast experience in both the origination and servicing of mortgages will bring a unique point of view to our Board of Directors. We look forward to his input as the U.S. mortgage market continues to evolve during these unprecedented times," said Curt Culver, MGIC Investment Corporation's chairman and CEO.
Mr. Arrigoni was President and Chief Executive Officer of U.S. Bank Home Mortgage Corp., one of the largest originators and servicers of home loans in the U.S., when he retired in early July 2013. Until his retirement, he also was an Executive Vice President of U.S. Bank, N.A. Mr. Arrigoni led the mortgage company for U.S. Bank and its predecessor companies since January 1996. Mr. Arrigoni is a member of the Board of Directors of the National Mortgage Bankers Association and has over 40 years of experience in the banking and home mortgage industries.
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer as measured by $158.6 billion primary insurance in force covering 1.0 million mortgages as of June 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