United Guaranty Corporation today announced that Donna DeMaio has joined the Company as Chief Operating Officer.
An outstanding business leader, DeMaio has been President and CEO of MetLife Bank since 2005 after joining the company in 2002 as Chief Financial Officer. During her tenure with MetLife, DeMaio provided executive management of the bank’s seven business lines and support for more than 6,000 employees across 200 locations.
“Donna has long been a rising star in the business world, and her experience in leading fast-growig organizations will be a major asset as we build upon United Guaranty’s position as the top-performing and industry-leading U.S. mortgage insurer,” said United Guaranty President and CEO Kim Garland. “Our culture is one of excellence, passion, and serving a larger purpose, and Donna embodies all of those qualities.”
DeMaio will oversee United Guaranty’s domestic and international sales, underwriting, and loss management, as well as domestic marketing, communications, business analytics, and business support for the company’s technology roadmap.
Prior to joining MetLife, DeMaio was a partner with PricewaterhouseCoopers. She has been included among the Top 25 Women in Banking by American Banker (formerly U.S. Banker) several times over the past seven years.
“I look forward to the opportunity to join United Guaranty at a time when it is poised to bring about positive changes for the mortgage insurance industry and its customers,” DeMaio said. “As United Guaranty prepares to mark its 50th year, it is a forward-focused company with innovative new products and technology upgrades that are already making a difference for customers.”
Garland said DeMaio brings a proven record of success in leading growing businesses in challenging markets and complex regulatory environments.
United Guaranty began its search for a COO in February, following Garland’s promotion to President and CEO.
DeMaio has served as an executive group member on the Housing Policy Council and has been a member of the Board of Governors of the Mortgage Bankers Association. She is a CPA and holds a B.A., summa cum laude, from Muhlenberg College, where she double-majored in Accounting and Business.
About United Guaranty
United Guaranty Corporation and its subsidiaries provide innovative, quality risk solutions that help mortgage lenders remain competitive while generating a profitable and responsible book of business for their stakeholders. Products include first-lien private mortgage insurance—most notably Performance Premium℠, an industry-leading risk-based pricing option—and CoverEdge℠, which provides comprehensive up-front loan review designed to curtail rescissions at time of claim. Among United Guaranty’s suite of loan analysis and risk management tools are indices that measure loan risk and geographic quality. United Guaranty was established in Greensboro, North Carolina, in 1963 and has been a company of American International Group, Inc. (AIG) since 1981. The company’s international locations include operations in Hong Kong, Seoul, Tokyo, Sydney, London, Madrid, Milan, Budapest, and Mexico City.
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. 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.