NEW YORK, Feb. 6, 2017 /PRNewswire/ -- Attune, the data-enabled company established by American International Group, Inc. (NYSE: AIG), Hamilton Insurance Group, Ltd. ("Hamilton"), and affiliates of Two Sigma Investments, LP ("Two Sigma"), today announced that James Hobson, Chief Operating Officer of OnDeck® (NYSE: ONDK), has accepted an offer to assume the position of Chief Executive Officer.
Mr. Hobson, who will step down from his role at OnDeck on March 15, will be responsible for achieving Attune's goal of using data science and advanced technology to streamline the submission and insurance underwriting process to meet the needs of small businesses in the US.
"If it's possible to describe an appointment as a perfect fit, then James and Attune meet that description," said Attune Chairman Brian Duperreault. "His deep experience with using technology to enable the growth of small businesses aligns with our objective of making it easier for companies in that segment to get the protection they need to succeed. I look forward to working with James to make Attune's significant potential a reality."
"I am honored to join the Attune team," said Mr. Hobson. "When three companies of the caliber of AIG, Hamilton and Two Sigma come together, you pay attention. Attune has already transformed how a small business owner's policy is issued, and I am excited to build upon this early success. I am humbled by the faith the Attune Board has in me and am looking forward to working with Attune team, Brian and the other members of the Board, and our partners, to transform the way small businesses access the insurance they need to protect and grow their operations."
Mr. Hobson's career represents an array of experience in building and leading technology-enabled businesses. As COO of OnDeck, he oversaw the Company's development into the industry leader in online small business lending. His responsibilities included operations, product, analytics, credit, risk management, platform solutions and business development. Mr. Hobson played integral roles in stewarding OnDeck through an IPO in 2014 and launching OnDeck's landmark partnership with JP Morgan Chase in 2015.
Before joining OnDeck, Mr. Hobson served as SVP, Technology Operations for iQor, Inc., a leading private equity-backed global business process outsourcing company. At iQor, he helped to build a platform for commercializing iQor's proprietary suite of business applications and managed a global technology team. Prior to iQor, Mr. Hobson co-founded BuyYourFriendADrink.com, which was sold to LivingSocial in 2009. Early in his career, he was a consultant at McKinsey & Company.
Mr. Hobson holds a bachelor's degree in economics from Hamilton College, Clinton, New York, and a master's of business administration with high distinction from Harvard Business School, where he was chosen as a Baker Scholar.
Attune leverages a state of the art, technology-enabled platform to streamline the development and distribution of insurance products for small commercial businesses. For more information, please contact Attune at email@example.com.
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products and other financial services to customers in more than 100 countries and jurisdictions. Our diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
About Hamilton Insurance Group
Hamilton Insurance Group is the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd's. The company leverages analytics and research to create underwriting and investment value for its clients and shareholders. For more information, please visit www.hamiltongroup.com | Twitter: @HamiltonInsures | LinkedIn: https://www.linkedin.com/company/hamilton-insurance-group
About Two Sigma
Two Sigma is a technology company dedicated to finding value in the world's data. Since its founding in 2001, Two Sigma has built an innovative platform that combines extraordinary computing power, vast amounts of information, and advanced data science to produce breakthroughs in investment management, insurance and related fields. Today, Two Sigma manages approximately $41 billion in assets, employs more than 1,100 people and has offices in New York, Hong Kong, Houston and London. For more information, please visit www.twosigma.com.
Wendy Davis Johnson
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SOURCE Hamilton Insurance Group