AIG

American International Group | November 15, 2018

American International Group and The Carlyle Group have announced that Carlyle has completed its acquisition of a 19.9% stake in Fortitude Group Holdings, whose companies operate as Fortitude Re. The acquisition was announced in August and completed after receiving the necessary regulatory approvals. Fortitude Re was formerly known as DSA Re. The new name represents the company’s focus on and expertise in managing long-dated, complex risks. Fortitude Re also launched a website, Fortitude-r...

AIG Inc | June 07, 2018

What makes Jerry Hourihan lose sleep is that everyone’s information already is likely compromised. Hourihan is head of the U.S. private client group for insurer AIG Inc, which last year launched a Family CyberEdge policy, offering coverage for advanced cyber threats. When AIG was developing the project, Hourihan said a senior executive volunteered to see what security consultants could dig up about him on the dark web. Within minutes, they purchased his Social Security number for a few dol...

Insurance Business Magazine | January 16, 2020

Insurance start-up battleface, which provides travel insurance for unconventional travelers worldwide, has announced that it has successfully closed a seed funding round with backing from strategic and venture capital investors. Fintech Ventures Fund has invested in battleface, joining Greenlight Re and Tangiers Group. The investment will be used to expand software development, hire sales and business-development personnel, and expand battleface’s global reach, the company said. “We ...

Aon | January 15, 2020

Global insurance brokerage and professional services firm Aon has officially completed its acquisition of CoverWallet, a US-domiciled digital insurance platform for small and medium-sized enterprises (SMEs). Now finalized, the deal enables Aon to expand its position in the fast-growing commercial insurance market for SMEs. The brokerage giant will also be able to leverage CoverWallet’s technology and data & analytics capabilities to develop and scale innovative digital client experienc...