WINSTON-SALEM, N.C., Feb. 16 /PRNewswire-FirstCall/ -- Triad Guaranty
Inc. (Nasdaq: TGIC) announced that its subsidiary, Triad Guaranty Insurance
Corporation, has hired Russell C. Simpson as Vice President and Treasurer,
effective immediately. Simpson will report to Ken Dwyer, Vice President and
Chief Accounting Officer in carrying out his responsibilities.
Simpson will be responsible for all of treasury operations, which
includes cash management, oversight of the Company's outside investment
advisor, and general accounting function. In addition, Simpson will be
responsible for the oversight of SEC reporting and tax planning strategy.
"We are pleased to have found someone of Russ' abilities and experience
in the disciplines of finance, tax and treasury," stated Ken Jones, Senior
Vice President and Chief Financial Officer. "Russ is a great addition to
our finance team."
Simpson has over 20 years experience in the areas of tax, treasury,
cash management and financial controls. Previously Simpson was with
Jefferson- Pilot Financial, Greensboro, North Carolina where he served as
Vice President and Treasurer. From 1988 to 1997, Simpson served as Vice
President and Treasurer for Chubb Life Insurance Company of America,
Concord, New Hampshire. Previously he held various management positions at
McM Corporation, Raleigh, North Carolina.
Simpson holds a BS in Business Administration from the University of
North Carolina at Chapel Hill. Simpson is also a Certified Public
Accountant and member of the Fellowship of the Life Management Institute.
Triad Guaranty Insurance Corporation, a wholly owned subsidiary of
Triad Guaranty Inc., is a nationwide mortgage insurer providing credit
enhancement solutions to its lender customers and the capital markets. This
allows buyers to achieve homeownership sooner, facilitates the sale of
mortgage loans in the secondary market and protects lenders from credit
default-related expenses. For more information, please visit the company's
web site at http://www.triadguaranty.com.
SOURCE Triad Guaranty Inc.
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Related links:
http://www.triadguaranty.com
CONTACT:
Jerrold C. Schwartz, Vice President,
Marketing of Triad Guaranty Inc., +1-800-451-4872 ext. 1122, or
jschwartz@tgic.com
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