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 Corporation (UGC).
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 Society.
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.”