The Mortgage Insurance Companies of America has elected William V. Nutt Jr., the head of Greensboro, N.C.-based United Guaranty Corp., as its new president and chief executive officer.The UGC chief will serve a two-year term. He succeeds Curt S. Culver, president and CEO of Mortgage Guaranty Insurance Corp. Mr. Nutt is a 25-year veteran of UGC, a subsidiary of American International Group, New York. The mortgage insurance industry has been relatively healthy over the past two years, though in recent quarters residential delinquencies have begun to hurt earnings. MICA can be found on the Web at http://www.micadc.org.
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