CMG Mortgage Insurance Co., San Francisco, named Pete Pannes senior vice president and general manager.
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Pannes assumes the role following the retirement of G. Michael Edwards in November, joining co-senior vice president and general manager Kim Shaul in the leadership of the company.
Under the terms of the joint venture agreement between CMG MI's parents, CUNA Mutual Group and PMI Mortgage Insurance Co., the company is always headed by two senior vice presidents and general managers.
Shaul oversees marketing, sales, legal and product development; Pannes will supervise insurance operations, including risk management, underwriting, customer service, and loss mitigation.
