Tom Bolt, Former Executive at AIG, BHSI, and Lloyd’s, Passes Away

Well-respected insurance veteran Tom Bolt has passed away, as confirmed by one of his former employers on Friday.

“Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” stated American International Group (AIG).

Bolt retired in 2024 after more than 40 years in the insurance industry, concluding his tenure as AIG’s executive vice president and chief risk officer, a position he held since April 2022. He joined AIG in early 2018 from Berkshire Hathaway Specialty Insurance, where he served as the global chief underwriting officer for General Insurance.

“Tom’s industry stature, reputation, and expertise played a critical role in establishing General Insurance as an industry leader for underwriting excellence,” AIG remarked. “He led our efforts to create a standard for underwriting across all of AIG, which strengthened our culture at a pivotal time for the company.”

Prior to his time at AIG, Bolt was the president and CEO of Berkshire Hathaway Specialty Insurance in the U.K. and Southern Europe. He also served on the Board of Directors for Berkshire Hathaway International Insurance Ltd. His extensive experience included roles as Director of Performance Management at Lloyd’s of London and Managing Director of Marlborough Managing Agency at Lloyd’s.

“Tom was an amazing mentor and friend to many around the world,” AIG continued. “His quick wit and creative storytelling were legendary and endearing. For all of his humility, Tom’s formidable intellect, integrity, and deep empathy were ever-present and served as an inspiring example of world-class leadership.”

AIG’s statement regarding Bolt’s passing, posted on LinkedIn, received an outpouring of comments from colleagues and friends.

“He was one of those people we’ve all met in our lives who left us better off for knowing them. I always left a meeting with Tom a little bit smarter and often with a snappy one-liner I hadn’t heard before!” shared Hank Watkins, executive director of the Greenberg School of Risk Management and former director of the Americas for Lloyd’s.

“Tom was a colleague, a friend, a mentor, and someone I deeply admired. The world and industry lost a wonderful person and brilliant mind,” commented David Govrin, CEO of Global Reinsurance at SiriusPoint. “Tom was smart, compassionate, funny, quick-witted, and a truly good and honorable person. He will be missed and always admired and remembered.”

Topics
Excess Surplus
Lloyd’s
AIG

Well-respected insurance veteran Tom Bolt has passed away, as confirmed by one of his former employers on Friday.

“Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” stated American International Group (AIG).

Bolt retired in 2024 after more than 40 years in the insurance industry, concluding his tenure as AIG’s executive vice president and chief risk officer, a position he held since April 2022. He joined AIG in early 2018 from Berkshire Hathaway Specialty Insurance, where he served as the global chief underwriting officer for General Insurance.

“Tom’s industry stature, reputation, and expertise played a critical role in establishing General Insurance as an industry leader for underwriting excellence,” AIG remarked. “He led our efforts to create a standard for underwriting across all of AIG, which strengthened our culture at a pivotal time for the company.”

Prior to his time at AIG, Bolt was the president and CEO of Berkshire Hathaway Specialty Insurance in the U.K. and Southern Europe. He also served on the Board of Directors for Berkshire Hathaway International Insurance Ltd. His extensive experience included roles as Director of Performance Management at Lloyd’s of London and Managing Director of Marlborough Managing Agency at Lloyd’s.

“Tom was an amazing mentor and friend to many around the world,” AIG continued. “His quick wit and creative storytelling were legendary and endearing. For all of his humility, Tom’s formidable intellect, integrity, and deep empathy were ever-present and served as an inspiring example of world-class leadership.”

AIG’s statement regarding Bolt’s passing, posted on LinkedIn, received an outpouring of comments from colleagues and friends.

“He was one of those people we’ve all met in our lives who left us better off for knowing them. I always left a meeting with Tom a little bit smarter and often with a snappy one-liner I hadn’t heard before!” shared Hank Watkins, executive director of the Greenberg School of Risk Management and former director of the Americas for Lloyd’s.

“Tom was a colleague, a friend, a mentor, and someone I deeply admired. The world and industry lost a wonderful person and brilliant mind,” commented David Govrin, CEO of Global Reinsurance at SiriusPoint. “Tom was smart, compassionate, funny, quick-witted, and a truly good and honorable person. He will be missed and always admired and remembered.”

Topics
Excess Surplus
Lloyd’s
AIG