UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K
                                 ---------------

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): March 20, 2007
                                 ---------------

                               TRIAD GUARANTY INC.
             (Exact name of registrant as specified in its charter)

     DELAWARE                       0-22342                      56-1838519
  --------------                 ------------             ----------------------
  State or Other                  Commission                  I.R.S. Employer
  Jurisdiction of                 File Number              Identification Number
  Incorporation

                            101 SOUTH STRATFORD ROAD
                       WINSTON-SALEM, NORTH CAROLINA 27104
               (Address of principal executive offices) (Zip Code)

                                 (336) 723-1282
                        (Registrant's telephone number,
                              including area code)

                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

/ / Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

/ / Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

/ / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

/ / Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))



SECTION 8-OTHER EVENTS

ITEM 8.01 OTHER EVENTS.

On March 20, 2007,  Triad  Guaranty Inc.  ("Triad")  announced that it has hired
Bruce Van Fleet as Executive  Vice  President,  Sales and  Marketing,  effective
immediately.  Mr. Van Fleet will report to Mark K. Tonnesen, President and Chief
Executive Officer, Triad Guaranty Insurance  Corporation.  Mr. Van Fleet will be
responsible  for setting the  direction and managing all sales and marketing for
Triad in support of its strategic and business  objectives.  A copy of the press
release  announcing the hire is attached hereto as Exhibit 99.1 and incorporated
herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

     (d) Exhibits

         Exhibit Number 99.1 Press Release Dated March 20, 2007.








                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                   Triad Guaranty Inc.



Date: March 20, 2007               By:       /s/ Kenneth W. Jones
                                             ---------------------
                                   Name:     Kenneth W. Jones
                                   Title:    Senior Vice President and CFO