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NEW YORK, April 3, 2000 – American International Group, Inc. (AIG) announced that aigdirect.com, its direct-to-consumer and small business e-commerce Internet site, has been recognized as 1999's top insurance web site by Financial NetNews, a leading news outlet covering online financial services.

aigdirect.com received its recognition as part of Financial NetNews' 1999 Financial Web Site of the Year awards. aigdirect.com was cited for the breadth of products offered and its expanding transactional capabilities.

“This award by Financial NetNews affirms our efforts to make aigdirect.com a leading one stop shopping destination for consumer and small business insurance needs,” said Scott Alexander, Chief eBusiness Officer, U.S., for the American International Companies. “We are committed to offering a user friendly site with the most innovative transactional and customer service features and valuable insurance related content, with a broad selection of personal lines and small business coverages.”

aigdirect.com offers a comprehensive portfolio of personal lines and small business insurance products underwritten by AIG member companies, coupled with advanced transactional capabilities providing customers with a direct, secure vehicle to conduct transactions online.

Financial NetNews reports on full-service and discount brokerage firms, banks, insurers, mutual fund companies and other types of financial services firms in their efforts to build Web business and strategies worldwide.

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AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial lines insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services and investment management businesses. 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.