trending Market Intelligence /marketintelligence/en/news-insights/trending/QVQTLYwyeFX5RdyuyuZEqw2 content esgSubNav
In This List

AIG, Hamilton, Two Sigma forming venture aimed at commercial enterprise space

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Banking Essentials Newsletter: July Edition - Part 2


AIG, Hamilton, Two Sigma forming venture aimed at commercial enterprise space

AmericanInternational Group Inc., Hamilton Insurance Group Ltd. andaffiliates of Two SigmaInvestments LP said April 26 that they have entered into anonbinding memorandum of understanding to form a joint venture to create a newinsurance platform for the small to medium-size enterprise market.

The venture will marry Two Sigma's data science andtechnology platform, Hamilton's technology and underwriting expertise and AIG'scapabilities and global presence.

Hamilton Chairman and CEO Brian Duperreault will serve aschairman of the venture, while Richard Friesenhahn, AIG's executive vice presidentof U.S. casualty lines, will take on the role of CEO. Completion of the ventureis subject to negotiation of definitive agreements, obtaining required permitsand other regulatory approvals. Terms of the transaction were not disclosed.