MGIC Investment Corporation
has announced that Paula C. Maggio will be joining the company as Executive Vice President–Law. She is slated to become the company's General Counsel and Secretary upon the previously announced retirement of Jeffrey Lane, who holds those positions. Maggio will hold the same offices with MTG's principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC).
Maggio comes to MGIC with more than 20 years of experience in legal and corporate governance, most recently in the role of Executive Vice President, General Counsel and Secretary for Retail Properties of America Inc. in Oak Brook, Ill. Maggio's background includes various leadership positions with Strategic Hotels & Resorts Inc. in Chicago, Ill, where she served as a trusted advisor to the Chief Executive Officer and Board of Directors, consulting on business objectives, strategy, corporate affairs, transactions and personnel matters.
"Paula's extensive knowledge of complex governance, real estate and capital issues is matched by her demonstrated ability to deliver on strategic business imperatives," said Patrick Sinks, Chief Executive Officer of MTG and MGIC. "Our company has been served incredibly well under the guidance of Jeff Lane, and we will always be grateful to him for his outstanding contributions. Paula joins us as we move forward in a new era for MGIC, strengthening our leadership position in the industry while maintaining the prudence and Midwestern values that we are known for. I am delighted to welcome her to the team."