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