American International Group, Inc. (“AIG”) 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 chief executive officer, and Jules Kroll. Based in New York, K2 Intelligence has approximately 300 employees with operations in London, Madrid, and Tel Aviv. K2 Intelligence acts as advisor to governments, companies, boards, and individuals in connection with cyber investigations and defense, anti-money laundering and regulatory compliance, complex investigations and disputes, data analytics and visualization, and integrity monitoring and compliance. AIG said that this experience offers 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.
“Supporting our clients against cyber attacks means providing much more than insurance to transfer the risk,” said John Doyle, the chief executive officer of commercial insurance at 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, the president and CEO of 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.”
Learn more: www.aig.com; http://www.k2intelligence.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].