MILWAUKEE, July 12, 2018 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that Paula C. Maggio will be joining the company on July 16, 2018 to serve as Executive Vice President – Law. She is slated to become the company's General Counsel and Secretary upon the previously announced retirement of Jeffrey Lane, who holds those positions today. Ms. Maggio will hold the same offices with MTG's principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC).
Ms. Maggio comes to MGIC with more than 20 years of experience in legal and corporate governance, most recently in the role of Executive Vice President, General Counsel and Secretary for Retail Properties of America, Inc., in Oak Brook, Ill. Ms. Maggio's background includes various leadership positions with Strategic Hotels & Resorts, Inc., in Chicago, Ill, where she served as a trusted advisor to the CEO and Board of Directors, consulting on business objectives, strategy, corporate affairs, transactions and personnel matters.
"Paula's extensive knowledge of complex governance, real estate and capital issues is matched by her demonstrated ability to deliver on strategic business imperatives," said Patrick Sinks, CEO of MTG and MGIC. "Our company has been served incredibly well under the guidance of Jeff Lane, and we will always be grateful to him for his outstanding contributions. Paula joins us as we move forward in a new era for MGIC, strengthening our leadership position in the industry while maintaining the prudence and Midwestern values that we are known for. I am delighted to welcome her to the team."
Ms. Maggio earned a Bachelor of Arts degree in Political Science as well as her Doctor of Jurisprudence (J.D.) professional degree in law from the University of Illinois, Urbana-Champaign.
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), 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. At June 30, 2018, MGIC had $200.7 billion of primary insurance in force covering approximately one million mortgages. From time to time MGIC Investment Corporation releases important information via postings on its corporate website, including corrections of previous disclosures, 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 Mortgage Guaranty Insurance Corporation