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AIG POLAND INSURANCE COMPANY S.A. NAMES GERARD HEYNIG CHAIRMAN OF THE MANAGEMENT BOARD AND CEO

AIG POLAND INSURANCE COMPANY S.A. NAMES GERARD HEYNIG CHAIRMAN OF THE MANAGEMENT BOARD AND CEO

NEW YORK, January 24, 2001 - American International Group, Inc. (AIG) has announced that Gerard Heynig, previously AIG Europe S.A. Senior Officer for the Benelux countries, has been named Chairman of the Management Board and CEO of AIG Poland Insurance Company S.A. (AIG Poland). He will be based in Warsaw.
Mr. Heynig joined American International Underwriters (AIU), AIG's overseas property-casualty insurance operation, in 1974 in the Netherlands, where he was later named General Manager. He assumed regional management responsibilities for the Netherlands, Belgium and Luxembourg before being appointed President of Paris-based AIG Europe S.A. with responsibilities for AIU's operations throughout Continental Europe, a position he held until he became Senior Officer for the Benelux countries in 1998.

AIG Poland was the first foreign insurer licensed by the Polish government in 1990, and currently provides a full line of both commercial and personal lines property-casualty insurance coverages, as well as Accident and Health and Travel Insurance for individuals.

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.