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): June 19, 2006
                                 --------------
                              PRIMUS GUARANTY, LTD.
             (Exact name of registrant as specified in its charter)



            BERMUDA                       001-32307                        NOT REQUIRED

(State or other jurisdiction of    (Commission File Number)    (I.R.S. Employer Identification No.)
 incorporation or organization)


                                 CLARENDON HOUSE
                                 2 CHURCH STREET
                             HAMILTON HM 11, BERMUDA
               (Address of principal executive offices) (Zip Code)

        REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 441-296-0519

                                 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 (see General Instruction A.2. below):

     [ ] 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 13e-4(c) under the
         Exchange Act (17 CFR 240.13e-4(c))






ITEM 8.01.   OTHER EVENTS

The registrant announced that Zachary Snow, General Counsel, has resigned to
accept another position, effective July 10, 2006. Pending appointment of his
replacement, legal matters for the registrant are being overseen by Yuri
Okumura, Associate General Counsel, and Morgan, Lewis & Bockius LLP, the
registrant's principal outside counsel.






                                    Signature
                                    ---------

         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.

                              PRIMUS GUARANTY, LTD.


                              By:  /s/ Richard Claiden
                                  --------------------------------------
                                  Richard Claiden
                                  Chief Financial Officer
                                  (Duly Authorized Officer and Principal
                                  Financial Officer)



Dated: June 22, 2006