AIG Names Tom Bolt as Chief Underwriting Officer, General Insurance
06 December 2017 - 12:15AM
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.
###
Certain statements in this press release constitute
forward-looking statements. These statements are not historical
facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. It is possible that actual results will
differ, possibly materially, from the anticipated results
contemplated by these statements. Factors that could cause actual
results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the Securities and Exchange
Commission pursuant to the Securities Exchange Act of
1934.
American International Group, Inc. (AIG) is a leading
global insurance organization. Founded in 1919, today AIG member
companies provide a wide range of property casualty insurance, life
insurance, retirement products, and other financial services to
customers in more than 80 countries and jurisdictions. These
diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. AIG common stock is listed on
the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found
at www.aig.com | YouTube: www.youtube.com/aig |
Twitter: @AIGinsurance www.twitter.com/AIGinsurance |
LinkedIn: www.linkedin.com/company/aig. These references with
additional information about AIG have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171205005815/en/
American International Group, Inc.Media:Matt Gallagher,
212-458-3247matthew.gallagher2@aig.comorJessica McGinn,
212-458-4215jessica.mcginn@aig.comorInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.com
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