NEW YORK--(BUSINESS WIRE)--Oct. 15, 2015--
American International Group, Inc. (NYSE:AIG) today announced new
leadership appointments in its Commercial Insurance business, including
Commercial Chief Underwriting Officer, as well as the newly established
roles of Global Head of Cyber, and Presidents of Credit Lines and
Madhu Tadikonda, who had served as Commercial Chief Science Officer,
has assumed the role of Commercial Chief Underwriting Officer
Mr. Tadikonda succeeds Tim Carter, who has assumed the role of
President, Portfolio Solutions
Tracie Grella has been named Global Head of Cyber
Donna DeMaio has been named President, Credit Lines
“Madhu brings new thinking and a fresh science-based perspective to our
underwriting efforts, while Tim, Donna and Tracie are seasoned
executives with deep experience in underwriting and leading global
businesses,” said John Doyle, Commercial Insurance CEO. “They all
understand that the closer AIG is to its clients, the greater value we
bring to them as an insurer and strategic partner.”
In his new role, Mr. Tadikonda oversees chief underwriting officers in
Commercial Insurance’s global product lines and ensures that AIG is
focused on driving well-coordinated underwriting solutions across the
business. He will define global underwriting standards. Drawing on his
science background, he will also oversee deployment of underwriting
tools that harness AIG’s substantial data assets and capabilities.
Mr. Tadikonda joined AIG as Senior Vice President on the Science team in
2013. Prior to that, he was a partner at Oliver Wyman, where he led the
Corporate Finance & Advisory practice in North America, after 10 years
in the venture capital industry. Mr. Tadikonda holds a Bachelor of Arts
degree from Princeton and an MBA from Stanford University.
Mr. Carter is responsible for portfolio insurance solutions for AIG’s
Commercial Insurance clients, including small business, programs,
assumed reinsurance, and managing general agents. His focus is to bring
together AIG’s deep product expertise to deliver compelling solutions
for these important client segments.
Mr. Carter joined AIG as Commercial Chief Underwriting Officer in 2011.
Prior to that, he was Chief Underwriting Officer for Zurich in North
America and Europe, after serving in other senior underwriting roles for
the company. Mr. Carter holds a Bachelor’s Degree in Mathematics from
the University of Nottingham and is a Fellow of the Institute of the
In her new position, Ms. Grella is responsible for the expansion of
AIG’s full cyber risk insurance capabilities across AIG product lines.
She will lead efforts to innovate solutions and deliver expertise to
help clients manage and mitigate this evolving risk.
Ms. Grella has served as Global Head of Professional Liability since
2011, leading the rapid growth of AIG’s cyber insurance business, global
underwriting strategy, and implementation of global best practices.
Prior to that, she served as President of Specialty Professional
Ms. Grella is often featured in insurance trade and mainstream media
outlets as an industry expert on cyber liability and professional
liability issues. She was named a “2015 Insurance Executive to Watch” by Risk
& Insurance and a “2014 Woman to Watch” by Business Insurance.
Ms. Grella joined AIG in 1995, and has held several underwriting and
management positions. She earned a Bachelor of Science degree in Finance
from Rutgers University.
As President of Credit Insurance, Ms. DeMaio has oversight of a newly
organized business line that includes AIG’s mortgage insurance business,
United Guaranty Corporation (UGC), as well as political risk, trade
credit, and surety. She is uniquely qualified to lead AIG’s credit
business based on her banking background and mortgage expertise.
Ms. DeMaio currently serves as CEO and President of UGC,
responsibilities that she will maintain. Previously, she was Chief
Operating Officer of the company. Before joining UGC, Ms. DeMaio was
President and CEO of MetLife Bank, having served as the bank’s Chief
Financial Officer. Ms. DeMaio was also a partner with
PricewaterhouseCoopers. She has been named one of the “Top 25 Women in
Banking” by American Banker (formerly U.S.
Banker) several times over the past seven years.
Ms. DeMaio is a CPA and holds a Bachelor of Arts degree from Muhlenberg
College, with a double major in Accounting and Business.
Mr. Tadikonda, Mr. Carter, and Ms. DeMaio report to Mr. Doyle. Ms.
Grella continues to report to James Shea, President, Financial Lines.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 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.
Additional information about AIG can be found at www.aig.com
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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 countries, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151015006651/en/
Source: American International Group, Inc.
Matt Gallagher, 212-458-3247