Triad Guaranty Inc. has retained Heidrick & Struggles to conduct a search for someone to fill the newly created position of chief operating officer.The COO will be responsible for the operations of the company and its subsidiaries, including Triad Guaranty Insurance Corp. The new executive will also ultimately take on some of the current duties of chief financial officer Ron Kessinger, Triad said. Mr. Kessinger has announced his retirement from Triad effective March 31, 2005, after which he will become a consultant to the company. Mr. Kessinger said he wanted to reduce his day-to-day involvement with Triad to spend more time with his family and to pursue personal and charitable interests. The search for a new COO is expected to take six months.
-
Title insurers, whose activity is highly correlated to mortgage production, wrote $15.1 billion in premiums during 2023, down from $21 billion in 2022 and $26.2 billion for the year before that.
22m ago -
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
1h ago -
Both quasi-public mortgage investors have new requirements for when borrowers question valuations. Freddie Mac is expanding use of title insurance alternatives.
1h ago -
A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
3h ago -
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
3h ago -
The April 26 update came two days after the group received preliminary approval for the Sitzer/Burnett agreement.
3h ago