Triad Guaranty Inc (OTCMKTS: TGIC) is a specialty insurer headquartered in Winston-Salem, North Carolina, that underwrites surety and financial guarantee products. The company focuses on providing contract and commercial surety bonds that secure performance and payment obligations for contractors on public and private construction projects. Triad also offers financial guarantee coverage designed to enhance credit profiles for infrastructure, public finance and other capital-intensive endeavors.
Triad’s core product suite includes bid, performance and payment bonds, which ensure contractors meet their obligations on projects ranging from transportation and water treatment facilities to commercial buildings. The company supplements its contract surety offerings with commercial bonds such as license and permit bonds, court and fiduciary bonds, and environmental remediation guarantees. In addition, Triad provides structured credit enhancement and letter of credit facilities tailored to meet the needs of developers, municipalities and financial institutions.
Founded in the mid-1980s, Triad Guaranty has weathered multiple cycles in the construction and credit markets, emerging as a nimble underwriter with a focus on disciplined risk management. While its primary market is the U.S., the company supports select international projects through relationships with correspondent agents and reinsurers. Triad maintains an AM Best rating (as of its last review) and leverages partnerships with leading global reinsurance carriers to underwrite complex, large-scale exposures.
Under the leadership of Chairman and Chief Executive Officer Robert A. Weisenmiller, who has overseen the company’s strategy since the early 2000s, Triad has emphasized underwriting expertise and balance sheet strength. Chief Financial Officer Kenneth H. Eakle manages financial operations and capital planning, while a board of directors composed of seasoned insurance and construction industry professionals provides governance and risk oversight. Together, the team aims to sustain Triad’s position as a trusted guarantor in the construction and public finance sectors.
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