AIG has named Ray Hall as Head of the Western World.
Takeaway Points
- Ray Hall has been appointed to lead AIG’s Western World Division.
- Mr. Hall will report directly to Lou Levinson, President and Chief Executive Officer, Lexington Insurance.
- On March 06, 2025, Guidewire announced second quarter fiscal year 2025 financial results.
AIG Head of Western World
American International Group, Inc., said on Monday that it has appointed Ray Hall as Head of Western World, effective immediately. Mr. Hall will report directly to Lou Levinson, president and chief executive officer of Lexington Insurance—an AIG company.
Mr. Levinson commented, “Ray’s appointment reflects AIG’s deep bench strength and strong talent-from-within culture. I am certain that Western World will continue to thrive and innovate in the contract bind space as Ray leads the company into its next chapter of growth and excellence.”
Don Bailey, EVP and Chief Executive Officer, AIG North America Commercial Insurance, remarked, “Western World’s market-leading capabilities are a critical element of our North America growth strategy in the Excess & Surplus lines market. Ray’s extensive experience and proven track record makes him the ideal leader for this important business.”
Mr. Hall said, “I am honored to take on this important role leading Western World, AIG’s contract bind business, and I look forward to working with my colleagues across the organization to drive continued profitable growth.”
About the Role
According to the report, Mr. Hall, in this role, will be responsible for driving and executing Western World’s strategies for the contract bind market through an exclusive network of wholesale brokers. He joined AIG in 2020 as Western World’s National Director and will continue to be based in Scottsdale, Arizona.
History of Mr. Hall
AIG said that Mr. Hall brings 27 years of industry experience and is a recognized leader in the contract bind space. As National Director of Western World, he played a key role in transforming the company’s contract bind franchise, leading initiatives in product development, enhancing underwriting discipline, attracting top talent, and strengthening relationships with wholesale brokers.
Guidewire Announces Second Quarter Fiscal Year 2025 Financial Results
On March 06, 2025, Guidewire announced its financial results for the fiscal quarter ended Jan 31, 2025. According to the firm, its total revenue for the second quarter of fiscal year 2025 was $289.5 million, an increase of 20 percent from the same quarter in fiscal year 2024. Subscription and support revenue was $177.8 million, an increase of 35 percent; license revenue was $63.7 million, a decrease of 10 percent; and services revenue was $47.9 million, an increase of 26 percent, each as compared to the same quarter in fiscal year 2024.
As of January 31, 2025, annual recurring revenue, or ARR, was $918.1 million, compared to $864.0 million as of July 31, 2024. ARR results for interim quarterly periods in fiscal year 2025 are based on actual currency rates at the end of fiscal year 2024, held constant throughout the year, the report stated.
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.
