American International Group, Inc., has 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 portfolio solutions.
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 of portfolio solutions.
In addition:
- Tracie Grella has been named global head of cyber
- Donna DeMaio has been named president of 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, the 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.”
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 and advisory practice in North America, after 10 years in the venture capital industry. Mr. Tadikonda holds a B.A. from Princeton and an M.B.A. from Stanford University.
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 Actuaries.
Ms. Grella has served as global head of professional liability since 2011, leading AIG's cyber insurance business, global underwriting strategy, and implementation of global best practices. Prior to that, she served as president of specialty professional liability.
Ms. Grella joined AIG in 1995, and has held several underwriting and management positions. She earned a B.S. 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.
Ms. DeMaio currently serves as chief executive officer 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 chief executive officer of MetLife Bank, having served as the bank's chief financial officer. Ms. DeMaio was also a partner with PricewaterhouseCoopers.
Ms. DeMaio is a CPA and holds a B.A. 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, the president of financial lines.
Learn more: www.aig.com.