WINSTON-SALEM, N.C., Sept. 22 /PRNewswire-FirstCall/ -- Triad Guaranty
Inc. (Nasdaq: TGIC) announced that its Board of Directors has elected H.
Lee Durham a director of the company. Mr. Durham is an independent director
and will serve on the Audit Committee. His appointment increases the number
of board members to eight.
"We are very pleased to have Lee joining our board," stated William T.
Ratliff, III, Chairman of the Board, Triad Guaranty Inc. "Lee is energetic,
personable, and very knowledgeable about corporate governance. He also
brings broad and deep experience in auditing and accounting."
Mr. Durham has been on the board of First Citizens BancShares, Inc.
since 2003 and serves as Chair of the Audit Committee. From 1990 to 2002 he
was with PricewaterhouseCoopers in a number of senior management positions.
From 1980 to 1990 he was with Durham, Martin, Jenkins & Co., a firm he
founded and grew until it was merged into Coopers & Lybrand.
Mr. Durham is a graduate of the Virginia Polytechnic Institute where he
received a Bachelor of Science degree in Accounting in 1970.
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, 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:
William T. Ratliff, III, Chairman of Triad
Guaranty Inc., +1-800-366-1010, or wtr3@NewSouthFederal.com
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