Donna DeMaio named President and CEO of United Guaranty Corporation
NEW YORK--(BUSINESS WIRE)--Dec. 4, 2012--
American International Group, Inc. (NYSE:AIG) today announced that Kim
Garland will join AIG Property Casualty as Chief Underwriting Officer
for Global Consumer Insurance, transferring from his position as
President and Chief Executive Officer of AIG’s United Guaranty
In this role, Mr. Garland will be responsible for the Consumer book of
business underwriting results globally. He will establish the risk
appetite and profile for the business, and work with the business lines
and regions to establish and drive the strategy for each product line.
Mr. Garland will report to Jeff Hayman, CEO of Global Consumer Insurance.
Mr. Garland joined UGC in 2009 as Chief Operating Officer. Before that,
he spent more than 20 years in the personal lines business working for
Safeco and GEICO. Mr. Garland holds a bachelor’s degree in Mathematics
from Florida State University and a master’s degree in Mathematics from
the University of Virginia. He is a Fellow of the Casualty Actuarial
Donna DeMaio will succeed Mr. Garland as President and CEO of United
Guaranty, reporting to Peter Hancock, Chief Executive Officer of AIG
Property Casualty. In her new role, Ms. DeMaio will be responsible for
the profitability and growth of the business. Previously, Ms. DeMaio was
UGC’s Chief Operating Officer. Before that, Ms. DeMaio was President and
CEO of MetLife Bank, and earlier, its Chief Financial Officer. Prior to
joining MetLife, Ms. DeMaio was a partner with PricewaterhouseCoopers.
She is a CPA and holds a bachelor’s degree in Accounting and Business
from Muhlenberg College.
Mr. Hancock said, “AIG will benefit from Kim and Donna’s talent,
knowledge, and leadership in their new roles. Kim’s experience in
property casualty and mortgage insurance will help our Consumer
Insurance business advance its pricing sophistication, and his
experience in product development will further our ability to create and
deliver innovative products around the world. Donna’s strong background
in finance and insurance will help ensure UGC continues to offer leading
private mortgage insurance that helps mortgage lenders remain
competitive while continuing to grow the value of our business.”
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all jurisdictions, and coverage is subject to
actual policy language. Non-insurance products and services may be
provided by independent third parties. Certain property-casualty
coverages may be provided by a surplus lines insurer. Surplus lines
insurers do not generally participate in state guaranty funds, and
insureds are therefore not protected by such funds.
Source: American International Group, Inc.
American International Group, Inc.