MILWAUKEE, Aug. 29, 2016 /PRNewswire/ -- Mortgage Guaranty
Insurance Corporation (MGIC), the principal subsidiary of MGIC
Investment Corporation (NYSE: MTG), mourns the loss of William H. Lacy, retired chairman and chief
executive officer (CEO), who passed away on August 28, 2016 of respiratory failure.
On behalf of MGIC, non-executive chairman Curt Culver said:
"It is with great sadness that we announce today the passing of
my friend and colleague, Bill Lacy.
His thoughtful leadership saw MGIC through tremendous changes, and
helped shape the company into the industry leader that it remains
to this day. On behalf of our Board of Directors, executive
management team and employees, we mourn his loss and extend our
deepest sympathies to his family."
Mr. Lacy's distinguished career with MGIC spanned 28 years, and
he was admired and respected for his tenacity and drive. He was
appointed president and CEO in 1987. Under his leadership, MGIC
emphasized quality underwriting and outstanding customer service
which resulted in strong growth in sales and long-term profits.
About MGIC
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment
Corporation, 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 July 31, 2016, MGIC had $178.2 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 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.
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SOURCE MGIC Investment Corporation