AshleyMadison Said to Be Insured by Axis, AIG

Sonali Basak, Gerrit De Vynck, and Tracy Alloway report:

American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns, the adultery website hacked in a breach that exposed more than 37 million users, people familiar with the policies said.

AIG provided directors-and-officers coverage, while Axis insured the firm against cyber attacks, said the people, who asked not to be identified discussing private contracts.

Read more on Bloomberg.

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