S&C Advises AIG in Joint Venture With Hamilton Insurance Group and Two Sigma Investments to Form Insurance Platform AttuneSeptember 20, 2016
S&C advised American International Group, Inc. in the entry of its subsidiary into a joint venture agreement with subsidiaries of Hamilton Insurance Group, Ltd. and Two Sigma Investments, LP to form an insurance platform (named Attune) to serve the Small to Medium-sized Enterprise commercial insurance market. The joint venture is intended to combine Hamilton's small business knowledge and underwriting expertise with AIG's scale, extensive data and long-standing distribution network. Technology and data science capabilities for Attune will be developed and managed by Two Sigma. Commencement of operations is subject to negotiation of certain outstanding definitive agreements and obtaining required permits and other regulatory approvals. The terms of the transaction were not publicly disclosed.
The S&C team representing AIG was led by Mr. Gerlach. Mr. Wang is advising on tax matters, and Ms. Coleman is advising on executive compensation and benefits matters.