, /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of (NYSE: MTG), is promoting to Vice President - Product Development, to Vice President - Underwriting and to Vice President - Policy Acquisition & Servicing. The company has also hired as Vice President - Chief Information Security Officer.

Mr. Cooper has more than 25 years of experience in banking and mortgage finance. Prior to this promotion, he had been MGIC's Director of Customer Solutions. Mr. Cooper came to MGIC from the (WHEDA) where he was the Director of Single Family Housing. Mr. Cooper also served as the Public Information Officer and Policy Analyst for the and worked as a financial reporter for the . He has a Bachelor of Arts degree in Journalism from the .

Mr. Semenak brings more than 30 years of underwriting and production management experience to his new position at MGIC. He has been with MGIC since 1997 and has advanced through the underwriting and production side of the organization, most recently serving as the company's National Underwriting Production Manager. Prior to joining MGIC, Mr. Semenak worked as an underwriter for and North American Mortgage. He has a Bachelor of Arts degree in Business Administration from .

Mr. Specht's mortgage banking career spans 23 years with an emphasis in operations. Prior to this promotion, he had been MGIC's Product Development Director. Before joining MGIC, Mr. Specht served as Executive Vice President Chief Operation Officer for , and held various senior level leadership positions at Citibank, GMAC Mortgage, Citi Mortgage and . Mr. Specht holds a Bachelor of Arts degree in Comprehensive Accounting from .

'With their unique backgrounds, Geoff, Pete and Bryan each bring a wealth of knowledge to their new roles,' explains , Senior Vice President - Business Strategy and Operations. 'They have repeatedly demonstrated their commitment to providing our customers with best in class products and services. I congratulate them on their promotions and look forward to working with them as we continue MGIC's tradition of helping to make affordable low down payment mortgages a reality.'

In addition to the promotions, MGIC has also hired as its new Vice President - Chief Information Security Officer. Mr. Walker comes to MGIC from where he was the Deputy Chief Information Security Officer, Senior Director, Enterprise Information Security. He has also served as a senior leader in information security for , the , and . Mr. Walker earned his Master of Science degree in Computer Science at and his Bachelor of Science degree in Computer Science from .

'Having come from a large banking institution, Bill brings an important perspective to MGIC's information security team,' said , Senior Vice President Information Services - Chief Information Officer. 'This combined with his extensive experience in leading information security efforts made him the perfect fit for our company as we explore ways for our information security to support future growth.'

About MGIC

MGIC (www.mgic.com), the principal subsidiary of , serves lenders throughout , , and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. At , MGIC had of primary insurance in force covering approximately one million mortgages.

From time to time 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mgic-announces-promotion-of-three-officers-and-hiring-of-a-chief-information-security-officer-300211708.html

SOURCE

Investors, Michael J. Zimmerman, (414) 347-6596, mike_zimmerman@mgic.com, or Media, Katie Monfre, (414) 347-2650, katie_monfre@mgic.com

MGIC Investment Corporation issued this content on 28 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2016 21:55:43 UTC

Original Document: http://phx.corporate-ir.net/phoenix.zhtml?c=117240&p=irol-newsArticle&ID=2133370