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AIG AFFINITY GROUP SERVICES ANNOUNCES AGREEMENT TO OFFER INSURANCE PRODUCTS VIA FAMILY NETWORK MEMBERSHIP PROGRAMS
NEW YORK, December 4, 2000–American International Group, Inc. (AIG) has announced that AIG Affinity Group Services, a division of the American International Companies, has entered into a strategic alliance with Family Network Inc., to provide insurance products and services through Family Network's membership programs.* Family Network Inc. is a leading provider of custom membership platforms for business-to-consumer (B2C) businesses catering to new and young families.

AIG Affinity Group Services Division offers custom designed insurance and financial services programs to the client and membership base of businesses, associations and other organizations by developing distribution plans specifically tailored to meet the needs of the groups they serve.

Under the agreement, Family Network membership programs will offer access to auto, homeowners, life, accident, health, travel and small business insurance coverages underwritten by AIG member companies, as well as insurance-related content and news that will help Family Network program members make educated insurance purchasing decisions.

Family Network provides families with expert advice on parenting, financial matters, and child education, and also offers discounts on health, insurance and childcare services, as well as information about local resources and websites.

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AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

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* Products and service may not be available in all states. Issuance of coverage is subject to underwriting.