One of the largest mortgage insurers in the US, Mortgage Guaranty Insurance Corporation (MGIC), has announced the promotion of Steven Thompson to the role of executive vice president, Chief Risk Officer.
Thompson has been with the firm since 1998 and has held a number of management positions over the years, most recently vice president of credit policy and pricing.
“The combination of Steve’s skills and experience, both in the industry and with our company, makes him well suited to lead our risk management team,” said Timothy Mattke, Chief Executive Officer of MTG and MGIC.
“Our company and industry are in great shape to expand our role in the market. Steve’s experiences will provide us invaluable insight into how we can expand our role while maintaining a robust risk management culture.”