Mortgage Guaranty Insurance Corp. has named veteran marketer Curt S. Culver as president and chief operating officer.

Mr. Culver, who replaced William H. Lacy, was an executive vice president with the mortgage insurer.

As part of the shift, Mr. Lacy assumed the post of chairman and chief executive, positions that became vacant earlier this year, when John McCormack retired.

Mr. Lacy also retained the titles of president and chief executive of MGIC Investment Corp., the mortgage insurer's holding company. Mr. Culver, meanwhile, was named executive vice president of the holding company.

In his new positions, Mr. Culver, 43, will oversee all insurance programs at MGIC, one of the largest mortgage insurers. Its activities include sales, underwriting, risk management, and capital market services.

Mr. Culver has been in the mortgage insurance business 21 years, including a decade in senior sales and marketing positions MGIC.

In related developments, the company's risk management group named Lawrence J. Pierzchalski executive vice president and Susan F. Tobin vice president.

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