MGIC Promotes Gallas to Senior Vice President – Claims

MILWAUKEE, May 15 /PRNewswire-FirstCall/ — Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corporation (NYSE:MTG) , today announced the promotion of Carla Gallas to Senior Vice President – Claims. In her new position, Gallas will be responsible for MGIC’s loss mitigation efforts as well as maximizing its efficiency in claim operations. Gallas has been with MGIC for 24 years and has held a variety of positions in sales and underwriting, most recently serving as Vice President – Field Operations.


About MGIC


MGIC (http://www.mgic.com/), the principal subsidiary of MGIC Investment Corporation, is the nation’s leading provider of private mortgage insurance coverage with $221.4 billion primary insurance in force covering 1.5 million mortgages as of March 31, 2008. MGIC serves over 3,300 lenders with locations across the country and in Puerto Rico, Guam and Australia helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.


First Call Analyst:
FCMN Contact:


Source: MGIC Investment Corporation


CONTACT: media, Katie Monfre, +1-414-347-2650, [email protected], or
investors, Michael J. Zimmerman, +1-414-347-6596,
[email protected],
both of MGIC Investment Corporation


Web site: http://www.mgic.com/