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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move highlighting insurers' focus on underwriting discipline amid competitive pricing, AIG (NYSE: AIG) appointed Nancy Bewlay as Executive Vice President and Global Chief Underwriting Officer, effective September 8, 2026. Bewlay, a 30-year insurance veteran and former Group Chief Underwriting & Pricing Officer at AXA, will oversee AIG's underwriting strategy and global underwriting organization, the company said in a statement. The hire underscores AIG's emphasis on underwriting excellence and disciplined risk management.
The appointment comes as the insurance industry seeks to boost profitability through selective underwriting after years of margin pressure. AIG shares closed at $74.53 on June 30, 2026, per market data. While hiring a seasoned underwriting executive is a positive signal, challenges remain from competitors like Chubb and Travelers, which are also investing in data analytics for precise risk pricing. The move may take time to reflect in financial results.
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Sign InFor investors, this signals AIG's commitment to strengthening its risk management framework. Analysts will look to third-quarter results to gauge the impact on margins. No direct AIG-related events appear on the near-term economic calendar, but the focus will be on the company's forward guidance on premium growth and loss ratios.
According to the announcement, Bewlay will report directly to new CEO Eric Anderson, who took the helm succeeding Peter Zaffino in a strategic leadership transition. The appointment underscores the new management's commitment to reinforcing underwriting discipline and advancing risk management during the executive reshuffle.