AIG Appoints Nancy Bewlay as Global Chief Underwriting Officer

Key Terms

underwriting financial

Underwriting is the process where a financial institution agrees to buy and then resell new stocks or bonds to investors. It matters because it helps companies raise money quickly and smoothly, while the bank takes on the risk of selling those securities at the agreed price. Think of it like a booker guaranteeing to sell all tickets for a concert before opening the doors.

reinsurance financial

Reinsurance is when insurance companies buy insurance for themselves to protect against very big losses. It’s like a car owner getting extra coverage from another company so that if there's a serious accident, the financial hit isn’t all on one company. This helps insurance companies stay stable and able to pay out when disasters happen.

risk analytics financial

Risk analytics is the process of gathering and analyzing data to spot, measure, and forecast potential threats to an investment or a company’s cash flow and assets. It turns complex uncertainty into clear probabilities and potential loss amounts—like using a weather forecast and route map to plan a trip—so investors can decide whether to buy, sell, hedge, or diversify to protect capital and aim for steadier returns.

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NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Nancy Bewlay has been named Executive Vice President, Global Chief Underwriting Officer, effective September 8, 2026. Ms. Bewlay will report to Eric Andersen, President & Chief Executive Officer of AIG, and join the Company’s Executive Leadership Team. She will be based in New York.

In this role, Ms. Bewlay will have responsibility for AIG’s underwriting strategy, including advancing underwriting management best practices and overseeing the Company’s global underwriting organization and its focus on underwriting excellence and discipline within AIG’s defined risk appetite.

With more than 30 years’ experience and widely recognized across the industry for her underwriting expertise and leadership, Ms. Bewlay joins AIG from AXA Group, where she served as Group Chief Underwriting & Pricing Officer and a member of the Group Management Committee since 2023. At AXA, she built the Group Underwriting Office and led technical underwriting, pricing, claims, and reinsurance strategy across AXA entities globally. Prior to AXA, Ms. Bewlay held senior leadership roles at Swiss Re, C.V. Starr and General Star Management Company. She began her career as a casualty underwriter.

Mr. Andersen said, “Nancy Bewlay is a deeply technical and experienced insurance executive with a distinguished track record of advancing underwriting excellence and building high-performing global underwriting teams. Her experience leading underwriting organizations during several market cycles, combined with her ability to strengthen portfolio management and risk analytics at scale, will be a tremendous asset to AIG. I am pleased to welcome Nancy to AIG, and I look forward to working closely with her to accelerate our strategy, deepen our relevance with clients and partners, and further strengthen the global insights and capabilities we bring to support them around the world.”

Ms. Bewlay added, “I am honored to join AIG at such an important time for the Company and the industry. AIG’s industry-leading position reflects a foundation of exceptional underwriting expertise, a highly accomplished global team of underwriters, and a demonstrated commitment to underwriting excellence. I look forward to working with Eric, AIG’s leadership team and talented colleagues around the world to support our clients and partners, and help drive disciplined, profitable growth.”

About AIG

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide operations of American International Group, Inc. 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 jurisdictions, and coverage is subject to underwriting requirements and 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260701161014/en/

Andrew Johnson (AIG Media): andrew.r.johnson@aig.com
Quentin McMillan (AIG Investors): quentin.mcmillan@aig.com

Source: American International Group, Inc.