October 20, 2014 7:05 PM ET

Insurance

Company Overview of Triad Guaranty Insurance Corporation

Company Overview

Triad Guaranty Insurance Corporation provides mortgage insurance coverage services in the United States. The company offers homeowner affordability and stability plans for homeowners to refinance or modify their mortgages through the home affordable modification program and the home affordable refinance program options; and home ownership preservation and education programs to offer borrowers with triad mortgage insurance assistance in the search for solutions to avoid foreclosure. It also offers TAXI, a service that provides direct online access to loan data and enables the customers to make loan transfers and cancellations, activate deferred premium policies, and submit claims and default ...

101 South Stratford Road

Winston-Salem, NC 27104

United States

Founded in 1987

Phone:

336-723-1282

Fax:

336-723-0343

Key Executives for Triad Guaranty Insurance Corporation

Chief Accounting Officer and Senior Vice President
Age: 63
Assistant Vice President and Human Resources Manager
Vice President of Investor Relations and Treasurer
Vice President of Loss Management
Vice President of Quality Assurance
Compensation as of Fiscal Year 2014.

Triad Guaranty Insurance Corporation Key Developments

Triad Guaranty Insurance Corporation Announces Management Changes

On December 27, 2012, Illinois Department of Insurance terminated Kenneth W. Jones, the President, Chief Executive Officer and Principal Financial Officer of TGIC, Earl F. Wall, the Senior Vice President, Secretary and General Counsel of TGIC, and Shirley A. Gaddy, the Senior Vice President, Operations of TGIC.

Illinois Department of Insurance Issues an Administrative Order Recommending That Triad Guaranty Insurance Corporation Be Placed in Rehabilitation

Triad Guaranty Inc. announced that the Illinois Department of Insurance has issued an Administrative Order recommending that Triad Guaranty Insurance Corporation be placed in rehabilitation. Additionally, the Department is expected to file a Complaint for Rehabilitation with the Circuit Court of Cook County, Illinois seeking an Order of Rehabilitation. The Board of Directors of Triad has consented to the Order of Rehabilitation and it is expected to be entered by the Court in the near future. Upon entry of the Order of Rehabilitation by the Court, the Director of the Illinois Department of Insurance will be vested with possession and control over all of the assets and liabilities of Triad and Triad Guaranty Inc. will cease to have any oversight or management authority over Triad or its business and affairs. In a related matter, on December 10, 2012, the Department approved reimbursement by Triad of expenses totaling $734,000 incurred by Triad Guaranty Inc. on behalf of Triad. As a result of the Order of Rehabilitation, Triad Guaranty Inc. does not expect to receive any further reimbursement of expenses or other funds from Triad.

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