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NEW YORK, November 20, 2000 - American International Group, Inc. (AIG) has announced that David Cohen has joined its AIG Global Trade & Political Risk Insurance Company (AIG Global) as Vice President.

Mr. Cohen joins AIG Global after a 34 year career with the United States Central Intelligence Agency, where he served in both the operational and analysis arms of the Agency, including postings as Deputy Director for Operations and Associate Deputy Director for Intelligence.

John J. Salinger, President, AIG Global, commented, "David Cohen's wealth of operational and analytical experience will further strengthen AIG Global's position as the preeminent political risk insurance underwriting company. He will consult with clients to identify and assess political risks to projects, assist in the development of strategies to address problems, and work with those clients to assure the best possible execution of those strategies."

AIG Global provides political risk and trade credit insurance in the United States and overseas.

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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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