BNET Industries
Market Cap:$531.6M
Last Fiscal Year Sales:$1.7B
- Public
- US
Dow Jones Description
Holding Company Engaged in the Mortgage Insurance Business
Chief Executive Officer
Curt S. CulverNumber of Employees 1,160
Contact Information
Mgic Plz 270 E Kilbourn Ave
Milwaukee, Wisconsin 53202
(414) 347-6480
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
Recent Events
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Fitch Downgrades MGIC on Continued Losses in Insured Portfolio
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S&P lowers MGIC unit ratings on poor results
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BRIEF-MGIC Investment, unit, enter into agreement with Fannie Mae
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Genworth shares defy market swoon after results
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MGIC Investment Corporation - SWOT Analysis
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MGIC, Radian Close to the Edge: Is It Safe?
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MGIC unveils plan to improve business
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MGIC Losses Widen, Reorganization Planned
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USA Today: MGIC's Culver golfing less during recession
News & Analysis
Filter by
mgic investment corp. and radian group inc. - All News and Analysis
Fitch Ratings Affirms Litton Loan Servicing's Top Ratings
C-BASS, the established leader in servicing and securitizing credit-sensitive residential mortgages, and an affiliate of MGIC (NYSE: MTG) and Radian Group Inc. (NYSE: RDN), today announced that on August 30, 2005 Fitch Ratings affirmed Litton Loan Servicing's 'RPS1' residential primary servicer ratings for subprime and high loan to value HLTV...
The Ticker
Ticker Price Close Company Symbol 10/31/03 IndyMac...
The Ticker
The Ticker Ticker Price...
Fitch Ratings Upgrades C-BASS CBO, LTD; First U.S. CDO Upgraded Due to Performance
Business Editors NEW YORK--BUSINESS WIRE--April 23, 2002 C-BASS, the established leader in servicing and securitizing credit sensitive residential mortgages, and an affiliate of MGIC (NYSE:MTG) and Radian Group Inc. (NYSE:RDN), today announced that Fitch has upgraded the class B, class C, and the class D notes of...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Curt S. Culver | Chief Executive Officer |
| Patrick Sinks | President |
| J Michael Lauer | Chief Financial Officer |
| James A. Karpowicz | Chief Investment Officer |
| Joseph J. Komanecki | Chief Accounting Officer |
| Michael G. Meade | Chief Information Officer |
| Lawrence J. Pierzchalski | Executive Vice President, Risk Mgmt |
| Jeffrey H Lane | General Counsel, Secretary & Senior Vice President |
| Joseph J. Ziino | Senior Vice President, Regulatory Relations & Assistant Secretary & Assoc General Counsel |
| Eric Klopfer | Vice President, Intl Strategic Initiatives & Regulatory Affairs |
| Lisa M. Pendergast | Vice President & Assistant Treasurer |
| Sal Miosi | Vice President, Marketing |
| Geoffrey F. Cooper | Director |
| Daniel P. Kearney | Business Consultant & Pvt Investor |
| David S. Engelman | Director |
| Donald T. Nicolaisen | Director |
| James A. Abbott | Director |
| Karl E. Case | Director |
| Kenneth M. Jastrow | Director |
| Leslie M. Muma | Director |
| Sheldon B. Lubar | Director |
| William A. McIntosh | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Donald T. Nicolaisen | Board of Directors |
| Michael E. Lehman | Board of Directors |
MGIC Investment Corporation – Chairman since 2005, Chief Executive Officer since 2000, and President from 1999 to January 2006. MGIC Investment Corporation is the parent of Mortgage Guaranty Insurance Corporation. Mortgage Guaranty Insurance Corporation – Chairman since 2005, Chief Executive Officer since 1999 and President from 1996 to January 2006. Mortgage Guaranty Insurance Corporation is a private mortgage insurance company. Director of MGIC Investment Corporation. Director of Wisconsin Energy Corporation, Wisconsin Electric Power Company and Wisconsin Gas LLC since 2004.
| Organization | Position | Status |
|---|---|---|
| MGIC | Chairman and Chief Executive Officer | Current |
| Mortgage Guaranty Insurance Corporation | Chief Executive Officer | Current |
| MGIC Investment Corporation | Chief Executive Officer | Current |
| MGIC | President | Current |
| Mortgage Guaranty Insurance Corporation | President | Former |
| Big Brothers Big Sisters of Metro Milwaukee, Inc | Board of Directors | Current |
| Mortgage Guaranty Insurance Corporation | Board of Directors | Current |
| Wisconsin Energy Corporation | Board Director | Current |
| Wisconsin Electric Power Co | Board Director | Current |
| Wisconsin Gas LLC | Board Director | Current |
| Wisconsin Energy Corporation | Corporate Governance Committee Member | Current |
| MGIC Investment Corporation | President | Former |
| MGIC Investment Corporation | Director of | Former |
| MGIC | Manager | Former |
| MGIC Investment Corporation | Principal | Former |
| Mortgage Guaranty Insurance Corporation | Principal | Former |
| Wisconsin Energy Corporation | Finance Committee Chairman | Former |
| MGIC Investment Corporation | Board Director | Former |
| University of Wisconsin-Madison | MS | Former |
| University of Wisconsin | Ba and Ms With Honors In Real Estate Finance and Urban Land Economics. | Former |
| University of Wisconsin-Madison | BA | Former |
| MGIC Investment Corporation | Team Member | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | President | Current |
| MGIC | President and Chief Operating Officer | Current |
| Mortgage Guaranty Insurance Corporation | Chief Accounting Officer | Former |
| MGIC Investment Corporation | Chief Operating Officer | Former |
| MGIC | Executive Vice President | Former |
| Mortgage Guaranty Insurance Corporation | Executive Vice President Â?? Field Operations | Former |
| Mortgage Guaranty Insurance Corporation | Controller | Former |
| University of Wisconsin-Milwaukee | Mba | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Chief Financial Officer | Current |
| MGIC | Executive Vice President & Cfo | Current |
| Financial Executives Institute | Member | Current |
| MGIC Investment Corporation | Board of Directors | Current |
| Financial Executives Institute | Board Member | Current |
| MGIC Investment Corporation | Executive Vice President | Former |
| Allis-Chalmers Co. | Former | |
| Marquette University | BS Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Chief Investment Officer | Current |
| Mortgage Guaranty Insurance Corporation | Cfo | Current |
| MGIC Investment Corporation | Treasurer | Current |
| MGIC Investment Corporation | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Chief Accounting Officer | Current |
| MGIC Investment Corporation | Senior Vice President | Current |
| MGIC Investment Corporation | Controller | Current |
| MGIC Investment Corporation | Board of Directors | Current |
| Mortgage Guaranty Insurance Corporation | Vice President, Tax | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Chief Information Officer | Current |
| MGIC Investment Corporation | Senior Vice Presidentâ??Information Services | Former |
| Mortgage Guaranty Insurance Corporation | Senior Vice President, Info Services | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Executive Vice President, Risk Mgmt | Current |
| MGIC | Executive Vice President | Current |
| Mortgage Guaranty Insurance Corporation | Executive Vice President, Risk Management | Former |
| Marquette University | MBA | Former |
| United States Naval Academy | BS degree | Former |
| Organization | Position | Status |
|---|---|---|
| Mortgage Guaranty Insurance Corporation | General Counsel, Secretary & Executive Vice President | Current |
| MGIC | Executive Vice President, General Counsel and Secretary | Current |
| MGIC Investment Corporation | General Counsel, Secretary & Senior Vice President | Current |
| MGIC Investment Corporation | Secretary | Current |
| Foley & Lardner Llp | Partner | Former |
| MGIC Investment Corporation | General Counsel | Former |
| Mortgage Guaranty Insurance Corporation | General Counsel | Former |
| Boston University | J.D. | Former |
| Columbia University | Bachelor's In 1970 | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Senior Vice President, Regulatory Relations & Assistant Secretary & Assoc General Counsel | Current |
| Mortgage Guaranty Insurance Corporation | Senior Vice President, Regulatory Relations & Assistant Secretary & Assoc General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Vice President, Intl Strategic Initiatives & Regulatory Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Vice President & Assistant Treasurer | Current |
| Mortgage Guaranty Insurance Corporation | Vice President & Assistant Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Director | Current |
| MGIC Investment Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Business Consultant & Pvt Investor | Current |
| MBIA Inc. | Financial Consultant | Current |
| MGIC Investment Corporation | Board of Directors | Current |
| Joyce Foundation | Board of Directors | Current |
| Fiserv, Inc. | Director | Current |
| MBIA Inc. | Board of Directors | Current |
| Resolution Trust Corporation | Chief Executive Officer | Former |
| Resolution Trust Corporation | President | Former |
| Aetna Inc. | Executive Vice President | Former |
| Salomon Brothers Inc. | Managing Director | Former |
David S. Engelman has been a director since November 2003. Mr. Engelman serves as Chair of the Governance and Nominating Committee and as a member of the Compensation Committee. Mr. Engelman is a director of Fleetwood Enterprises, Inc., a manufacturer of recreational vehicles and manufactured housing, and from February 2002 to August 2002, he served as its Chief Executive Officer and President on an interim basis. Mr. Engelman has been a private investor for approximately the past six years. Mr. Engelman is also a director of MGIC Investment Corporation and Mortgage Guaranty Insurance Corporation. From 1991 to 1997, Mr. Engelman was Chairman, Chief Executive Officer and President of UnionFed Financial Corporation and its subsidiary Union Federal Bank. Mr. Engelman is a graduate of the University of Arizona.
| Organization | Position | Status |
|---|---|---|
| Fieldstone Mortgage Company | Member | Current |
| Fieldstone Mortgage Company | Chairman of the Board | Current |
| Fieldstone Investment Corporation | Governance and Nominating Committee Chairman | Current |
| Mortgage Guaranty Insurance Corporation | Director | Current |
| MGIC Investment Corporation | Director | Current |
| MGIC | Board of Directors | Current |
| Fleetwood Enterprises, Inc. | Director | Current |
| Fleetwood Enterprises, Inc. | Chief Executive Officer | Former |
| Fleetwood Enterprises, Inc. | President | Former |
| Fleetwood Enterprises, Inc. | Audit Committee Chairman | Former |
| Standard Pacific Corp. | Director | Former |
| Fieldstone Investment Corporation | Director | Former |
| Fieldstone Mortgage Company | Director | Former |
| The University of Arizona | Graduate | Former |
| Organization | Position | Status |
|---|---|---|
| Zurich Financial Services | Board of Directors | Current |
| Zurich Financial Services | Chairman | Current |
| Verizon Communications Inc. | Board of Directors | Current |
| D2C Solutions | Board of Directors | Current |
| MGIC Investment Corporation | Board of Directors | Current |
| Morgan Stanley | Board of Directors | Current |
| PricewaterhouseCoopers | Former | |
| Global Com LLC. | Board of Directors | Former |
| University of Wisconsin-Whitewater | BA Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Zurich Financial Services | Director | Current |
| MGIC Investment Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Director | Current |
Kenneth M. Jastrow, II is Non-Executive Chairman, Forestar Group Inc. He served as Chairman and Chief Executive Officer of Temple-Inland Inc. from 2000 to 2007. Prior to that, Mr. Jastrow served as President and Chief Operating Officer in 1998 and 1999, Group Vice President from 1995 until 1998, and as Chief Financial Officer of Temple-Inland from November 1991 until 1999. Mr. Jastrow is also a director of MGIC Investment Corporation. He joined KB Home's Board in December 2001.
| Organization | Position | Status |
|---|---|---|
| KB Home | Acting Lead Director | Current |
| Sabine Investment Company | Chairman of the Board | Current |
| Forestar Real Estate Group LLC | Chairman of the Board | Current |
| Forestar Real Estate Group LLC | Board of Directors | Current |
| MGIC Investment Corporation | Director | Current |
| KB Home | Director | Current |
| Temple-Inland Inc. | Chief Executive Officer | Former |
| Temple-Inland Financial Services, Inc. | Chairman & CEO | Former |
| Temple-Inland Mortgage Corporation | CEO | Former |
| Temple-Inland Inc. | President | Former |
| Temple-Inland Inc. | Chief Operating Officer | Former |
| Temple-Inland Inc. | Group Vice President | Former |
| Temple-Inland Inc. | Chairman | Former |
| Temple-Inland Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Hyde Park Capital Partners, LLC | Director | Current |
| The Gold Shield Foundation, Inc. | Director | Current |
| MGIC Investment Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Board of Directors | Current |
| Lumasense Technologies, Inc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lubar & Co. | Founder and Chairman | Current |
| Kestrel Corporation | Manager | Current |
| Weatherford International Ltd. | Chairman | Current |
| MGIC Investment Corporation | Director | Current |
| Grant Prideco, Inc. | Director | Current |
| Darby Overseas Investment, Ltd. | Board of Directors | Current |
| C2INC | Director | Current |
| Crosstex Energy Services | Director | Current |
| Star Gas Partners, L.P. | Board of Directors | Current |
| Weatherford International Ltd. | Director | Current |
| Crosstex Energy Services | General Partner | Former |
| Federal Housing Administration | Commissioner | Former |
| Dillon Read | Former | |
| Total Logistics Corp. | Chairman | Former |
| The Conference | Co-Chairman | Former |
| The Regents | Board of Directors | Former |
| Fannie Mae | Director | Former |
| C2 Company, Inc | Director | Former |
| University of Wisconsin-Milwaukee | Doctor of Commercial Science Degree | Former |
| University of Wisconsin-Madison | Law Degree | Former |
| University of Wisconsin-Madison | Bachelor’S Degree In Business Administration | Former |
| University of Wisconsin-Madison | Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| MGIC Investment Corporation | Director | Current |
Executive News
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MGIC Losses Widen, Reorganization Planned
-
MGIC unveils plan to improve business
-
UPDATE 4-MGIC's restructuring plan sends shares soaring
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MGIC to invest $1B in new subsidiary
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MGIC to restructure as losses steepen
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MGIC Investment Q2 Loss Widens, To Cease Writing New Business; Provides $1.0 Bln. Capital For New Subsidiary - Update
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MGIC to invest $1B in new subsidiary
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MGIC's losses continue to grow
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MGIC to Capitalize Subsidiary to Write New Business
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MGIC Investment Corporation Reports Second Quarter 2009 Results
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USA Today: MGIC's Culver golfing less during recession
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