Triad Guaranty (TGIC) 10-K 2007 FY Annual report

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the following Registration Statements:

Form S-8 No. 33-75668, pertaining to the 1993 Long-Term Stock Incentive Plan;

Form S-8 No. 33-96550, pertaining to the Triad Guaranty Inc. 401(k) Profit Sharing Plan;

Form S-8 No. 33-69967, pertaining to the Employee Stock Purchase Plan;

Form S-8 No. 333-134884, pertaining to the 2006 Long-Term Stock Incentive Plan;

of our reports dated March 12, 2008, with respect to the consolidated financial statements and schedules of Triad Guaranty Inc., and the effectiveness of internal control over financial reporting of Triad Guaranty Inc., included in this Annual Report (Form 10-K) for the year ended December 31, 2007.

Raleigh, North Carolina
March 27, 2008