16 April 2015 Insurance

AIG acquires stake in investigative consultancy

American International Group (AIG) has acquired  a minority stake in investigative consultancy K2 Intelligence.

As part of the agreement, the companies will 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 chief executive officer (CEO), and Jules Kroll, considered to be the originator of the modern corporate investigations industry, said AIG.

The company is an expert on cyber investigations and defence, anti-money laundering and regulatory compliance, complex investigations and disputes, data analytics and visualisation, and integrity monitoring and compliance.

“Supporting our clients against cyber attacks means providing much more than insurance to transfer the risk,” said John Doyle, CEO, 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.”

Kroll added: “Cybersecurity must transition to a dynamic and proactive defence that employs investigative tools to collect and analyse 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.”

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