NEW YORK--(BUSINESS WIRE)--Apr. 15, 2015--
American International Group, Inc. (NYSE:AIG) today announced that it
has acquired a minority stake in K2 Intelligence, an investigative
consultancy. The companies have agreed to co-develop products and
services that support AIG’s efforts to help clients mitigate and manage
their cyber risk, and to explore opportunities in other key industry
segments.
K2 Intelligence was founded in 2009 by Jeremy Kroll, K2 Intelligence’s
CEO, and Jules Kroll, considered to be the originator of the modern
corporate investigations industry. Based in New York, K2 Intelligence
has approximately 300 employees with global operations in London,
Madrid, and Tel Aviv. K2 Intelligence acts as advisor to governments,
companies, boards, and individuals.
The company’s expertise centers on cyber investigations and defense,
anti-money laundering and regulatory compliance, complex investigations
and disputes, data analytics and visualization, and integrity monitoring
and compliance. This offers many potential solutions for AIG clients as
they manage risks associated with cybersecurity, construction projects,
M&A transactions, global real estate transactions, liability exposures
in higher education, and personal insurance needs.
K2 Intelligence’s cyber investigations and defense capabilities include
intelligence, incident response, defense strategy, executive training,
assessments, and due diligence, all of which rely on sophisticated
web-based and human intelligence gathering techniques. These services
complement AIG’s market leading CyberEdge risk mitigation and insurance
products, which a growing number of customers, including some of the
largest companies in the world, rely on to help manage the expanding
threat of cyber attacks.
“Supporting our clients against cyber attacks means providing much more
than insurance to transfer the risk,” said John Doyle, Chief Executive
Officer, Commercial Insurance, AIG. “Partnering and aligning with cyber
security experts like K2 Intelligence is a signal to the marketplace
that AIG is committed to delivering the comprehensive measures and
expertise needed to help mitigate and manage this growing and rapidly
evolving threat.”
Jeremy Kroll, President and CEO, K2 Intelligence, said: “Cybersecurity
must transition to a dynamic and proactive defense that employs
investigative tools to collect and analyze information both from
internal and external sources. AIG and K2 Intelligence share the same
goal – to offer clients a holistic solution to help manage cyber risks
that includes a full range of cyber defense, remediation, and response
services. Working with AIG to deliver sophisticated threat intelligence
techniques, we will provide clients with the information they need to
help protect their enterprise and other stakeholders.”
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
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AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
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 coverage is subject to 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.
Source: American International Group, Inc.
AIG
Matt Gallagher (Media): 212-458-3247; matthew.gallagher2@aig.com
Jon
Diat (Media): 212-770-3505; jon.diat@aig.com
Liz
Werner (Investors): 212-770-7074; elizabeth.werner@aig.com