Northern Trust says Mortgage Guaranty Insurance Company (MGIC) has appointed it to provide domestic custody services for $5.5 billion in general insurance assets.
“We believe that Northern Trust and their dedicated insurance client servicing team is the right fit for us,” says Lisa Pendergast, Assistant Treasurer, MGIC. “Northern Trust’s flexible technology and focus on building a relationship across products is why MGIC selected them.”
“We are excited to welcome back Mortgage Guaranty Insurance Company as a valued client of Northern Trust,” said Dave Cyganiak, Vice President, Northern Trust. “We look forward to building a long-standing relationship with MGIC across our various product offerings.”