Triad Guaranty Inc. (TGIC) News

Next Logical Step to Support Growth

WINSTON-SALEM, N.C., July 15 /CNW/ -- Triad Guaranty Inc.
(Nasdaq: TGIC) today announced that it is filing a formal notice of its
intention to submit an application to incorporate a Canadian subsidiary to
begin operations in Canada.  This is the first formal step prior to submitting
an application to the Office of the Superintendent of Financial Institutions
(OSFI) in Canada.  Pending regulatory approvals, operations could start in
Canada sometime in 2007.
In making this announcement Mark K. Tonnesen, President and Chief
Executive Officer, stated, "This opportunity strengthens Triad's foundation by
permitting diversification and growth consistent with our corporate core
values of product innovation, customer service, and risk management.  Canada
is the second largest market of mortgage guaranty insurance in the world.  We
are excited about the opportunity but realize that this application is only
the first stage in the process."
Pending regulatory approvals, the Canadian company will be a monoline
provider of mortgage guaranty insurance and operate as a wholly owned
subsidiary of Triad Guaranty Inc.  It will be named Triad Guaranty Insurance
Corporation Canada (Triad Guaranty Canada) in English and "Corporation
d'assurance Triad Guaranty du Canada" (Triad Guaranty du Canada) in French.
In the near future it is expected that a President and Chief Executive Officer
of Triad Guaranty Canada will be named.  This individual will report to Mr.
Tonnesen.
"Our belief that we have the ability to succeed in Canada is supported by
our expertise and experience in successfully starting and building a mortgage
insurance company in the United States," stated Mr. Tonnesen.  "We look
forward to the challenge of tailoring our US strategies to the particular
needs of the Canadian market to insure that we offer value and convenience to
Canadian customers."
Future announcements concerning operations in Canada will be forthcoming
at appropriate times.

About Triad Guaranty Inc.
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
www.triadguaranty.com.