What's Happening?
Tom Bolt, a respected figure in the insurance industry, has passed away, as announced by American International Group (AIG). Bolt had a distinguished career spanning over 40 years, during which he held significant positions at AIG, Berkshire Hathaway Specialty Insurance, and Lloyd's of London. He retired in 2024 from his role as AIG's Executive Vice President and Chief Risk Officer, a position he had held since April 2022. Bolt was instrumental in establishing General Insurance as a leader in underwriting excellence, contributing significantly to AIG's culture during pivotal times. His career also included roles such as President and CEO of the U.K. and Southern Europe at BHSI and Director of Performance Management at Lloyd's of London. Bolt was known
for his quick wit, creative storytelling, and deep empathy, qualities that made him a beloved mentor and friend to many in the industry.
Why It's Important?
Tom Bolt's passing marks the loss of a significant leader in the insurance sector, known for his contributions to underwriting standards and risk management. His leadership at AIG helped shape the company's approach to insurance underwriting, influencing industry practices and standards. Bolt's mentorship and intellectual contributions have left a lasting impact on colleagues and the broader insurance community. His death is a reminder of the importance of leadership and innovation in maintaining industry standards and adapting to changing market conditions. The insurance industry, which relies heavily on experienced leaders to navigate complex global challenges, will feel the absence of Bolt's expertise and guidance.
