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United Guaranty Sees Switch-Up in CEOs

""American International Group, Inc."":http://www.aig.com/home_3171_411330.html (AIG), announced Tuesday that Kim Garland, president and CEO of AIG mortgage insurance subsidiary ""United Guaranty Corporation"":https://www.ugcorp.com/index.html (UGC), will transfer to AIG Property Casualty to serve as chief underwriting officer for global consumer insurance.

Garland joined UGC as COO in December 2009. Before that, he spent more than 20 years in the personal lines business, working for Safeco and GEICO.

In his new role, he will be responsible for the consumer book of business underwriting results globally. He will establish the risk appetite and profile for the business, working with the business lines and regions to establish and drive the strategy for each product line.

Donna DeMaio will be stepping in to succeed Garland's position at UGC. Previously, DeMaio served as UGC's COO. Prior to joining UGC, she was president and CEO of MetLife Bank, and before that, she was MetLife's CFO. She also held a position as a partner at PricewaterhouseCoopers.

""AIG will benefit from Kim and Donna's talent, knowledge, and leadership in their new roles,"" said Peter Hancock, CEO of AIG Property Casualty. ""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.""

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