Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies

Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday.

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

Bolt retired in 2024—after more than 40 years in insurance—from his position as AIG’s executive vice president and chief risk officer, to which he was appointed in April 2022. He joined AIG in early 2018 from Berkshire Hathaway Specialty Insurance to be global chief underwriting officer or 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 said. “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.”

AT BHSI Bolt was president and CEO of the U.K. and Southern Europe. He was also a member of Berkshire Hathaway International Insurance Ltd.’s Board of Directors, after having previously served 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 on the death of Bolt posted to LinkedIn was flooded with hundreds of comments.

“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!” said 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 Global Reinsurance, 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