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MGIC ANNOUNCES EXECUTIVE MANAGEMENT PROMOTIONS

 MGIC ANNOUNCES EXECUTIVE MANAGEMENT PROMOTIONS
 MILWAUKEE, July 31 /PRNewswire/ -- Mortgage Guaranty Insurance


Corporation (NYSE: MTG) (MGIC) today announced the following executive management promotions:
 Curt S. Culver, formerly MGIC's senior vice president-Office of the President, has been named executive vice president-Corporate Development. In his new position, Culver will be responsible for MGIC Asset Management Services, as well as Information Services, Strategic Technologies, Corporate Training and the Quality Performance Process responsibilities. In addition, Culver will continue to manage Corporate Communications and Investor Relations.
 Gordon H. Steinbach, formerly MGIC's executive vice president-Risk Management/Claims, has been appointed executive vice president- Affordable Housing. The new position was created in response to an increasing emphasis throughout the home mortgage finance industry regarding affordable housing initiatives to meet the needs of low- and moderate-income home buyers. Steinbach will be responsible for coordinating and leading the company's affordable housing efforts. In addition, Steinbach will manage MGIC's Claims Department and serve on a number of executive management committees.
 Lawrence J. Pierchalski, formerly vice president-Risk Management, has been promoted to senior vice president-Risk Management, responsible for leading MGIC's Risk Management Department. Pierchalski has worked for MGIC since 1981, and during the past five years as vice president- Risk Management has played a key role in directing MGIC's risk management efforts, as well as developing new insurance products.
 MGIC is a leading provider of private mortgage insurance coverage in the United States. Private mortgage insurance covers residential first mortgage loans and expands homeownership opportunities by enabling people to purchase homes with less than 20 percent down payments. Private mortgage insurance also facilitates the sale of low down payment first mortgage loans in the secondary mortgage markets.
 -0- 7/31/92
 /CONTACT: Patricia Neale of MGIC, 414-347-2681/
 (MGT) CO: MGIC ST: Wisconsin IN: INS SU: PER


DS -- MN003 -- 5455 07/31/92 09:06 EDT
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Date:Jul 31, 1992
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