NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE:AIG) today announced that Tom Bolt will join the company as Chief Underwriting Officer, General Insurance. He will be responsible for developing a global framework for underwriting standards, authority and structure that is aligned with AIG’s overall risk appetite. Mr. Bolt will report to Peter Zaffino, Chief Executive Officer, General Insurance, as a member of the General Insurance Executive Leadership Team. He is expected to join the company in January 2018.
“I am very pleased to welcome Tom to AIG,” said Mr. Zaffino. “He is an exceptionally talented leader with deep industry expertise and a proven track record of delivering outstanding financial and operational performance. Tom will bring strong discipline to our underwriting and pricing decisions and will play a key role in building AIG’s data and analytical capabilities to empower our underwriters. I look forward to working with Tom to drive General Insurance’s underwriting strategy and position it for profitable growth.”
Mr. Bolt said: “I am excited to be joining AIG at such a pivotal time in its history. I look forward to working with Peter and the General Insurance Executive Leadership Team to define consistent, global underwriting standards that achieve a well-balanced portfolio and deliver strong and sustainable financial performance.”
Mr. Bolt has over 30 years of experience in the insurance and reinsurance industry. He joins AIG from Berkshire Hathaway Specialty Insurance, where he was serving as President and CEO of the U.K. and Southern Europe, and as a member of Berkshire Hathaway International Insurance Ltd.’s Board of Directors. Prior to that, Mr. Bolt was Director of Performance Management at Lloyd’s of London and Managing Director of Marlborough Managing Agency at Lloyd’s. Before joining Lloyd’s, he spent 25 years at Berkshire Hathaway in a variety of senior executive roles.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.