Insurer American International Group is to acquire insurance group Hamilton USA for approximately $110m as part of its investment into insurtech platform Attune. The deal will see the company expand its business in Australia and New Zealand with a focus on providing life insurance, disability cover and general insurance. Two Sigma Insurance Quantified is also backing Attune.
Insurer American International Group is to acquire insurance group Hamilton USA for approximately $110m as part of its investment into insurtech platform Attune. The company plans to expand its investment in the platform, which offers advanced underwriting using data analysis. Two Sigma Insurance Quantified is also backing Attune.