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NEW YORK, April 11, 2001- American International Group, Inc. (AIG) has announced that AIG eBusiness Risk Solutions, a division of American International Companies, has formed a series of new alliances with leading Internet Security firms to help AIG netAdvantage Suite insureds manage the risks of doing business on the Internet. The alliances offer insureds access to products and services, including free on-line and on-site network security assessments. These new alliances expand the roster of Internet Security specialists on the AIG eBusiness Risk Solutions Technology Alliance.
"These new alliances compliment the coverages offered through the AIG netAdvantage Suite by helping businesses limit their exposures to network security risks," said Gretchen Hayes, President, AIG eBusiness Risk Solutions. "Our alliance partners offer the tools needed to help our customers manage risk in the new economy, while AIG eBusiness Risk Solutions offers the insurance products and services to protect their assets." AIG eBusiness Risk Solutions is a leading provider of internet-risk and network security insurance.

Through these new alliances, AIG netAdvantage Suite customers insureds have access to the following:

Free Network Security Assessments - Unisys Corporation and the Global Integrity Managed Services division of Predictive Systems, Inc. will provide on-site network security assessments based on the ISO/BS7799 standard to AIG netAdvantage Suite policy applicants. The cost of the service is paid by AIG eBusiness Risk Solutions for eligible insurance applicants. Additionally, Unisys' on-line security assessments are available free to any registered web user by logging on to www.aignetadvantage.com. Unisys is a leading e-business solutions company. Global Integrity Managed Services provides a full complement of information protection, electronic commerce security, consulting and engineering services.

Free Automated Assessment Services - Eligible AIG netAdvantage Suite insureds will receive free automated assessment services from VIGILANTe.com, Inc., a leading provider of security assurance delivered over the Internet.

Premium Discounts - Eligible AIG netAdvantage Suite policy applicants can receive premium discounts (where permitted by law) if they also utilize the following products or services:

RSA Security, Inc.'s SecureID two-factor authentication system. RSA Security Inc., is a leading provider of authentication, encryption and digital certificate management systems.
Securify, Inc.'s SecurVantage security services. Securify is a leading provider of corporate eSecurity technologies and services.

Riptech, Inc.'s real-time monitoring, management, analysis and response services. Riptech is a leading provider of real-time managed security services.

Invicta Networks, Inc.'s distributed cyber security system. Invicta Networks is a leading provider of cyber security technology.

Underwritten by AIG member companies, the AIG netAdvantage Suite of products provides up to $25 million in coverage for exposures including Internet liability, web media/content liability, technology errors and omissions, first party loss and damage to data and e-revenue business interruption due to computer attacks.*

In addition, the AIG netAdvantage Suite provides clients access to the AIG eBusiness Risk Solutions' Technology Alliance, a roster of leading technology and network security companies. The initial members of the Technology Alliance include Kroll-O'Gara, CertCo and RSA Security, Inc. American International Companies insureds also have access to the Technology Panel Counsel, a roster of the nation's premier law firms specializing in emerging legal issues related to intellectual property law and high-technology issues, for legal defense against technology-related claims.

For more information on AIG netAdvantage or AIG eBusiness Risk Solutions, contact your insurance broker, local AIG office or email Robert Parisi, Senior Vice President and Chief Underwriting Officer, AIG eBusiness Risk Solutions at robert.parisi@aig.com.

AIG eBusiness Risk Solutions is exhibiting at the 10th annual RSA Conference, April 8 - 12, Moscone Center, San Francisco, CA, at Booth #1707 and at the 39th RIMS Annual Conference and Exhibition, April 29-May 3, Georgia World Congress Center, Atlanta, GA, at Booth #1145.

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.

* Insurance provided by member companies of American International Group, Inc. The above described coverage may not be available in all states, and the above description thereof is neither a complete description nor a complete list of all terms, conditions and exclusions. Note that certain terms used in the above are defined in the policy. Please see the policy for a complete description of its scope and limitations of coverage. Issuance of coverage is subject to underwriting.