MILWAUKEE, Oct. 24, 2016 /PRNewswire/ -- MGIC
Investment Corporation (NYSE: MTG) today announced that
Donald T. Nicolaisen has retired
from the company's Board of Directors to reduce his outside time
commitments. "Don has been a valued advisor to MGIC," stated
Curt Culver, non-executive Chairman
of the Board. "His wise counsel helped our company weather one of
the most difficult housing markets in U.S. history, enabling MGIC
to return to the strong condition it enjoys today. On behalf of the
board and the company, we thank him for his dedicated service and
wish him well for the future."
Mr. Nicolaisen was the Chief Accountant of the United States
Securities and Exchange Commission from September 2003 to November
2005, when he retired from full time employment. Prior to
joining the SEC, he was a Senior Partner at
PricewaterhouseCoopers LLP, an accounting firm that he joined
in 1967. Mr. Nicolaisen had served on the Board of MGIC Investment
Corporation since October 2006,
including as Chair of the Board's Risk Management Committee.
"Don's broad knowledge of the financial industry and insight
have been invaluable to us," said Patrick
Sinks, President and Chief Executive Officer of MGIC
Investment Corporation. "We will miss having him as part of the
MGIC family, and his impact on our Company will continue to be felt
long into the future."
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 September 30, 2016, MGIC had $180.1 billion of primary insurance in force
covering approximately one million mortgages.
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any other disclosure and intends to continue to do so in the
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SOURCE MGIC Investment Corporation