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 AshleyMadison.com, 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.