AIG Board Elects Five Corporate Officers

NEW YORK--(Business Wire)--The Board of Directors of American International Group, Inc.
(AIG), has elected five executives to new corporate officer positions.

Mark T. Willis has been elected Senior Vice President, Domestic
General Insurance. He was previously Vice President, Domestic General
Insurance, in addition to his role as Executive Vice President of
AIG's Domestic Brokerage Group (DBG). He will continue in that role
with DBG, where he is responsible for overseeing field operations
including all regional offices and their territories. DBG markets
property-casualty products and services to large, middle-market and
small businesses throughout the United States. He was appointed to his
current position with DBG in 2002. Mr. Willis joined AIG in 1977 and
has held various positions in DBG. He is a graduate of Iowa Wesleyan
College and has conducted graduate studies at Drake University.

Alexander R. Baugh has been elected Vice President, Foreign
General Insurance. He will continue in his current role as Managing
Director of AIG UK Limited and Regional President of Foreign General's
UK/Ireland Division, where he is responsible for the general insurance
operations of American International Underwriters (AIU) in the United
Kingdom and Ireland. AIU is AIG's international property-casualty
insurance organization. Mr. Baugh joined AIU in 1983 as an excess
casualty underwriter and later moved into financial lines. He
subsequently held a succession of positions with AIU in New York,
London and Paris, and was most recently President of AIG Europe, S.A.,
and President of AIU's Continental European Region. He has also held
various positions in DBG. Mr. Baugh is a graduate of the University of
Virginia.

Richard H. Booth has been elected Vice President in addition to
his current roles as Chairman of HSB Group, Inc. (HSB), and the senior
executive in charge of the Deliver the Firm initiative, AIG's strategy
to enhance the delivery of products and services to customers
worldwide. Previously, Mr. Booth served as President and CEO of HSB
from 2000 through 2007. Prior to joining HSB, he spent 30 years in
various insurance industry positions including President, Chief
Operating Officer and Director of The Travelers Corporation and
Executive Vice President and a director of The Phoenix Companies. Mr.
Booth is a CPA, Chartered Life Underwriter and Chartered Financial
Consultant. He received his bachelor's and master's degrees from the
University of Hartford's Barney School of Business.

Robert S. Schimek has been elected Vice President, Domestic
General Insurance. He also continues to serve as Senior Vice President
and Chief Financial Officer of DBG, a position he has held since 2005.
Prior to joining AIG, Mr. Schimek was a partner at Deloitte & Touche
L.L.P. where, for 18 years, he used his public accounting experience
to help a diverse range of financial institutions including insurance
and mortgage banking clients. Mr. Schimek is a CPA and earned his MBA
from the Wharton School of Business of the University of Pennsylvania.
He is a graduate of Rider University in New Jersey.

Teri L. Watson has been elected Vice President, Rating Agency
Relations. She was previously Managing Director, Rating Agencies, a
position she has held since 2003. She is AIG's principal liaison with
the various credit ratings agencies. Ms. Watson joined AIG in 1999 as
Assistant Director, Rating Agencies and, prior to that, was an
Assistant Vice President of A.M. Best Company in its International
Rating Division. Ms. Watson received a Bachelor of Science degree in
Business Administration - Accounting from Millersville University in
Pennsylvania.

Commenting on the appointments, Martin J. Sullivan, AIG President
and Chief Executive Officer said, "Each of these executives has made
substantial contributions to the success of AIG and its businesses.
Their new positions will allow them to provide greater leadership on a
broader scale within AIG."

American International Group, Inc. (AIG), a world leader in
insurance and financial services, is the leading international
insurance organization with operations in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional and
individual customers through the most extensive worldwide
property-casualty and life insurance networks of any insurer. In
addition, AIG companies are leading providers of retirement services,
financial services and asset management around the world. AIG's common
stock is listed on the New York Stock Exchange, as well as the stock
exchanges in Paris and Tokyo.

American International Group, Inc.
Peter Tulupman, 212-770-3141
Manager of Public Relations

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