Mr Mathis's primary responsibility is credit and operational risk management of all operations and investments of PMI Capital Corporation, which manages PMI's international mortgage insurance and financial guaranty business segments.
"Patrick's extensive financial guaranty, structured finance and risk management experience make him an ideal candidate for PMI Capital Corp.'s chief risk officer position. Patrick will put his experience to work leading the risk management team for PMI's financial guaranty and international mortgage insurance operations. We are delighted to have Pat on board," said Brad Shuster, President and Chief Executive Officer, PMI Capital Corp.
Prior to joining PMI, Mr. Mathis was with XL Capital Assurance, a New York based AAA-rated financial guaranty company, where since 1999 he served as Chief Credit Officer, Senior Managing Director. In that role, Mr. Mathis chaired their Credit Committee and directed the establishment of underwriting criteria for the wide range of asset classes for which XL Capital Assurance provides credit enhancement. Prior to that, Mr. Mathis spent ten years at MBIA, where he served as its Managing Director, Insured Portfolio Management, responsible for the review, surveillance and remediation activities of their insured portfolio of municipal, structured finance and international credits.
Mr. Mathis holds a Masters in Business Administration, Finance from the University of Texas and a Bachelor of Arts, Political Science from the University of North Carolina.
