AIG shuffles commercial insurance leadership
American International Group (AIG) has made a series of appointments within its commercial insurance business.
Madhu Tadikonda, who had previously served as commercial chief science officer, has assumed the role of commercial chief underwriting officer (CUO).
In his new role, Tadikonda will oversee chief underwriting officers in commercial insurance’s global product lines and ensure that AIG is focused on driving well-coordinated underwriting solutions across the business.
Tadikonda joined AIG as senior vice president of the Science team in 2013. Prior to this, he served as a partner at Oliver Wyman.
He succeeds Tim Carter, who has assumed the role of president of portfolio solutions.
Carter joined AIG as commercial CUO in 2011. Prior to this, he served as CUO for Zurich in North America and Europe.
AIG has also appointed Tracie Grella as global head of cyber, where she will be responsible for the expansion of AIG’s full cyber risk insurance capabilities across AIG product lines.
Grella has served as global head of professional liability since 2011. Before this, she served as president of specialty professional liability.
Additionally, Donna DeMaio has been named president of credit lines, where she will have oversight of a newly organised business line that includes AIG’s mortgage insurance business, United Guaranty Corporation (UGC), as well as political risk, trade credit, and surety.
DeMaio currently serves as chief executive officer (CEO) and president of UGC, responsibilities that she will maintain. Previously, she was chief operating officer of the company.
Tadikonda, Carter, and DeMaio will report to John Doyle, commercial insurance CEO. Grella continues to report to James Shea, president of financial lines.
Doyle said: “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.
“They all understand that the closer AIG is to its clients, the greater value we bring to them as an insurer and strategic partner.”
