NMI Holdings, the parent company of National MI, has announced that its chief financial officer, Adam Pollitzer (pictured), has been promoted to president and chief executive officer, effective January 01, 2022. He will succeed Claudia Merkle, who will step down as CEO and as a board member at year-end.

Pollitzer has been with the mortgage insurance firm since 2017 and moves into the role as the company makes structural changes to support its growth strategy.

“This leadership transition comes at the right time for National MI and is the result of a deliberate and collaborative succession planning process,” said Bradley Shuster, executive chairman and chairman of the board. “The board is grateful to Claudia for her leadership and dedication to National MI over her many years of service, and for the strong foundation she has established to support the company’s continued growth and success.”