WINSTON-SALEM, N.C., June 8 /PRNewswire-FirstCall/ -- Triad Guaranty Inc. announced that Henry G. Williamson, Jr. has been elected a director of the company. Mr. Williamson is an independent director and will serve on the Audit Committee and the newly formed Credit Risk Committee. His appointment increases the number of board members to nine.
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"We are delighted to have Henry joining our board," stated William T. Ratliff, III, Chairman of the Board, Triad Guaranty Inc. "Henry was a key leader on the team that built BB&T into a world class organization focused on maximizing value for its employees, shareholders and community. His experience will be invaluable as Triad nurtures its values based culture and raises the bar for success."
Mr. Williamson served as the Chief Operating Officer of BB&T Corporation from 1989 to 2004. Prior to that he held various positions with that organization beginning in 1973. Mr. Williamson currently serves as a director of Hooker Furniture Corporation.
Mr. Williamson is a graduate of East Carolina University where he received an MBA degree in 1972 and a Bachelor of Science degree in 1969.
Triad Guaranty Inc.'s wholly owned subsidiaries, Triad Guaranty Insurance Corporation and Triad Guaranty Canada, are mortgage insurers 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.triadguaraty.com/.
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