AIG-owned Attune adds analytics, underwriting talent
Attune, the data underwriting business unit born from an AIG, Hamilton USA and Two Sigma Investments partnership last year, has announced two new hires to its executive team.
Martha Dreiling, formerly senior vice president of operations at OnDeck, will lead Attune’s analytics and operations team, the company said. Richard Stamets also joins as head underwriting strategy by way of Starr Companies where he last served as VP, head of small business.
"I've known Martha for years. She's a talented professional and great leader with the rare ability to think strategically and drive execution across a broad range of functions,” said Attune CEO James Hobson, in a statement.
Commenting on Stamets, Hobson added, "Richard's deep knowledge of underwriting and extensive experience within the insurance industry across a range of products is precisely what our leadership team requires right now to ensure that Attune's growth is built on solid, data-driven underwriting."
Attune leverages extensive third-party information and data science expertise from hedge fund Two Sigma Investments to price small business risk with minimal involvement from customers. Quotes can be generated with data limited to business name and address, sources told Digital Insurance in May.
Since launching Attune last October, AIG has gone on to acquire Hamilton USA, hire former Hamilton Insurance Group Chief Executive Officer Brian Duperreault as CEO and create Blackboard, a new tech subsidiary, further advancing its adoption of data analytics for underwriting. The insurer also hired Hamilton USA CEO Seraina Macia in the same role, as part of the aforementioned deal. Maciais expected to play a pivotal role in the development of Attune when the acquisition closes this quarter.