NMI Holdings Expands Board With Addition Of Renu Agrawal

NMI Holdings Inc. has appointed Renu Agrawal as an independent member of its board of directors, increasing the board to 10 members.

Agrawal brings extensive executive and governance experience, currently serving on the boards of First Interstate BancSystem Inc. and Sunrise Produce, and previously holding leadership roles at Luther Burbank Corporation and Woodruff Sawyer.
 

She also spent over a decade at Wells Fargo, most recently as chief operating officer and executive vice president of the Financial Institutions Group.

NMI Holdings is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low downpayment borrowers to realize homeownership, while protecting lenders and investors against losses related to a borrower's default.

Board Chairman Bradley Shuster said Agrawal’s deep industry knowledge will strengthen the company’s board as it builds shareholder value.

“We are delighted to welcome Renu to National MI’s Board,” said Bradley Shuster, executive chairman and chairman of the board of National MI. “As National MI continues to build value for our shareholders, Renu’s proven track record of executive leadership and extensive board experience will be invaluable. I am confident that her deep knowledge of the banking and insurance industries and broad expertise will complement and further build on the strength of our Board.”

Agrawal holds a bachelor’s of technology from the Indian Institute of Technology, Kanpur, and both an MBA and Ph.D. from the Massachusetts Institute of Technology.