PMI Mortgage Insurance Co opens Tokyo representative office

Walnut Creek, California (ANTARA News/PRNewswire-AsiaNet) - The PMI Group, Inc. (NYSE:PMI) today announced that PMI Mortgage Insurance Company
Limited, a subsidiary, has opened a representative office in Tokyo,
Japan, and appointed J. Steven Beagles as Managing Director.

"Opening a representative office in Tokyo is our first step toward
entering the Japanese market," said Brad Shuster, CEO of PMI Capital
Corporation and President of International and Strategic Investments
for PMI. "Japan is the second largest market economy in the world after
the U.S., and growth and evolution in the economy and mortgage industry
have created significant opportunity. Steve's experience in
international business development generally and in the Japanese market
specifically, combined with his creative approach and industry
expertise, make him the ideal choice to lead this exploratory effort."
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