PMI Group Inc. said it has promoted two executives to key roles in its push to diversify revenues.
The San Francisco-based mortgage insurance company last week named Claude J. Seaman group executive vice president for strategic investments. He had been executive vice president for insurance operations. Mr. Seaman joined PMI in 1987.
Bradley M. Shuster was named executive vice president for corporate development. He was previously senior vice president, treasurer, and chief investment officer. He joined the company in 1995.
PMI's largest subsidiary, PMI Mortgage Insurance Co., is the third- largest private mortgage insurer in the United States, with $80.7 billion of insurance in force at yearend.