Timothy Holt Joins MGIC Investment Board

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Jan 31, 2012, 04:30 ET

MILWAUKEE, Jan. 31, 2012 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced that Timothy A. Holt has joined the company's Board of Directors and will be part of the Audit Committee and Securities Investment Committee.

"We are very pleased MGIC will have the benefit of Tim's deep experience garnered through his long career in financial services. We look forward to the insight and perspective that Tim will bring to our Board," said Curt Culver, MGIC Investment's chairman and CEO.

Mr. Holt is currently a consultant. Until 2008, Mr. Holt served as an executive committee member and Senior Vice President and Chief Investment Officer of Aetna, Inc., a diversified health care benefits company. From 2004 through 2007, he also served as Chief Enterprise Risk Officer of Aetna. Mr. Holt is a chartered financial analyst and graduated summa cum laude from the University of Connecticut with a BA in Economics. He received a Master of Business Administration degree from the Amos Tuck School at Dartmouth College, where he was an Edward Tuck Scholar.

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.

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SOURCE MGIC Investment Corporation