REG-American Intnl Group AIG Names Alain Karaoglan Senior Vice President-Divestiture

NEW YORK--(Business Wire)--

American International Group, Inc. (AIG) has named Alain Karaoglan Senior Vice
President-Divestiture. As head of the Divestiture Office team, Mr. Karaoglan
will be responsible for bringing to market AIG`s divesting assets and managing
the resulting complex transactions around the world. He will report to Paula
Rosput Reynolds, AIG Vice Chairman and Chief Restructuring Officer, and will
assume his new duties on June 29, 2009.

Mr. Karaoglan succeeds Philip Jacobs, formerly AIG`s Global Tax Director before
becoming Senior Vice President-Divestiture. Mr. Jacobs has accepted a senior
tax-related position with another company.

"Alain Karaoglan has distinguished himself in both investment banking and equity
research covering the insurance industry," Ms. Reynolds said. "His equity
research coverage of the property-casualty business is widely respected as
first-rate. Skilled in corporate finance, Alain has broad experience in both
public market and private market transactions across all asset classes. He is
joining AIG`s restructuring team at a critical time, and we are confident that
his leadership and experience will benefit our company`s multiple stakeholders,
including American taxpayers."

Prior to joining AIG, Mr. Karaoglan served as Managing Director-Equity Research
at Banc of America Securities LLC, leading the financial services equity
research team that covered insurance, banks, investment banks, asset managers,
consumer finance, exchanges, and REITs. Prior to that, he served as Managing
Director-North American Equity Research for Deutsche Bank Securities Inc.,
covering the Property-Casualty Insurance Industry. His 20-year Wall Street
career also included positions of increasing responsibility at Donaldson,
Lufkin, and Jenrette Securities Inc., Bear Stearns; and The First Boston
Corporation. Mr. Karaoglan earned his master`s degree in Business Administration
at the Amos Tuck School at Dartmouth College and both a bachelor`s degree in
Economics and a bachelor`s degree in Business Administration from Pepperdine
University.

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 Ireland and
Tokyo.

American International Group, Inc.
News Media:
Christina Pretto, 212-770-7083
or
Investment Community:
Teri Watson, 212-770-7074

American International Group, Inc.

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