Financial insurance company

PMI

(PMI)

said Monday that it named board of directors for

PMI Mortgage Insurance Canada,

which it plans to launch in early 2007.

The Walnut Creek, Calif.-based company named Jeffrey S. Chisholm, Christine Croucher, and Hershell Ezrin as outside directors.

Chisholm is a former executive of the Bank of Montreal and Harris Trust & Savings Bank. Croucher is a former executive vice president with CIBC, and has also held key executive positions with Canadian Tire and Hersheys. Ezrin has more than 30 years' experience in business and with the government of Canada.

The board of PMI Canada will also include Tony Porter, managing director of PMI Europe, Janet Martin, managing director of PMI Canada, Patrick Mathis, chief risk officer for PMI Capital and Tom Jeter, corporate controller.

Shares of PMI were trading up 18 cents at $43.00 Monday.

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