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AIG RE-LAUNCHES AIGONLINE.COM, AN ONLINE RESOURCE FOR RISK MANAGEMENT INTELLIGENCE

AIG RE-LAUNCHES AIGONLINE.COM, AN ONLINE RESOURCE FOR RISK MANAGEMENT INTELLIGENCE

NEW YORK, February 21, 2001 - American International Group, Inc. (AIG) today announced the re-launch of www.aigonline.com, a comprehensive, easy-to-use Internet resource for risk management intelligence. The site has been re-designed to offer new functionality and content, including industry news, business data, analytical tools and other information designed specifically for chief executives, corporate financial officers, risk managers and other corporate professionals.
"aigonline.com addresses the critical need for corporate executives and other business professionals to access the highest quality and most pertinent risk management intelligence on demand," said Scott Alexander, Senior Global eBusiness Officer for the American International Companies. "Information on new risk management content, the latest trends and data are now available in an efficient and intelligent forum. We intend to establish aigonline.com as the new Internet standard for the risk management discipline."

Leading information providers, including Kiplinger, Stratfor, Inlumen and The Financial Times, have joined forces with aigonline.com to offer users the latest worldwide business information and news. aigonline.com also draws on the expertise and experience of AIG's extensive global network to share AIG member companies' knowledge of the most current global risk management and financial issues.

aigonline.com's user-friendly interface enables business executives to access dynamic, in-depth content specifically developed for the Industry Risk Analysis and Regional Risk Analysis features. Each Industry Risk Analysis page includes current news, industry forecasts and stock market information provided by Inlumen and Kiplinger and tailored for the user's own industry sector. The Regional Risk Analysis pages feature breaking news, analysis and global forecasting from Stratfor, as well as additional data for each world region.

Also available to users of aigonline.com is the customized online risk intelligence resource, myaigonline. This personalized feature allows users to determine what resource information is most critical to their business needs.

Additional features are planned for aigonline.com that will enhance user experience, including detailed country-specific background and investment information, additional analytic tools and services to help users build risk management capabilities.

For more information about AIG, please visit www.aig.com which, in addition to AIG corporate information, provides easy access to specific product and service sites, including www.aigdirect.com for personal and small business insurance needs, www.accessaig.com for brokers, agents and financial intermediaries, as well as www.aigcorporate.com, AIG's corporate web site.

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.