Wednesday, November 30th, 2022

AIG names new chief threat officer

“Over his greater than 35 years in insurance coverage and reinsurance, Tom has developed deep underwriting experience, and since becoming a member of AIG in 2018, he has performed a important function within the turnaround of our common insurance coverage enterprise by setting requirements for underwriting excellence and taking part in a management function in strengthening our tradition whereas reshaping our portfolio,” Zaffino mentioned. “His distinctive background, expertise and stature in our business shall be invaluable as we proceed to give attention to managing advanced, operational and world threat points at AIG. I sit up for working with Tom on this new function as we refine our threat administration framework throughout our world enterprise.”

AIG has additionally introduced the appointment of Kean Driscoll as chief underwriting officer for common insurance coverage. Driscoll succeeds Bolt within the function. He’ll report back to David McElroy, govt vice chairman and CEO of common insurance coverage. Driscoll beforehand served as world chief underwriting officer for property/agriculture and world head of reinsurance technique for common insurance coverage.

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“Since becoming a member of AIG in 2018, Kean has been a key contributor to our portfolio administration and in shaping our strategic reinsurance constructions,” Zaffino mentioned. “As chief underwriting officer, his experience in underwriting and modeling utility will proceed to drive momentum as we proceed our journey to turn into a top-performing firm.

Bolt has served as chief underwriting officer for common insurance coverage since 2018. He joined AIG from Berkshire Hathaway Specialty Insurance coverage, the place he served as president and CEO of the UK and Southern Europe and a member of the Berkshire Hathaway Worldwide Insurance coverage board of administrators. Previous to that, he served as director of efficiency administration at Lloyd’s of London and managing director of Marlborough Managing Company at Lloyd’s. Earlier than becoming a member of Lloyd’s, Bolt spent 25 years at Berkshire Hathaway in quite a lot of senior roles.

Driscoll has greater than 25 years of expertise as a reinsurance underwriter. Previous to becoming a member of AIG, Driscoll was a founding member of Validus and served as CEO of Validus Re. he has additionally held management roles with Quanta Re and Zurich Re N.A. (Converium).

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