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AIG NAMES SCOTT A. LEVINE SENIOR VICE PRESIDENT

AIG NAMES SCOTT A. LEVINE SENIOR VICE PRESIDENT

NEW YORK, April 26, 2001 - American International Group, Inc. (AIG) has named Scott A. Levine Senior Vice President. Mr. Levine will be responsible for strategic risk initiatives, particularly the AIG Companies' increasing activities in the structured finance, risk finance and surety areas, both domestically and overseas.
Mr. Levine joins AIG from Zurich Centre Group, where he has been President and Chief Executive Officer overseeing the design and execution of insurance, capital markets and derivative structured products for institutional clients. Prior to that, Mr. Levine was with J.P. Morgan & Co., where he served in various capacities, including as head of Morgan's Mergers and Acquisitions effort and head of its Strategic Planning and Cost Restructuring Groups. Earlier in his career, he was a tax attorney at the law firm of Davis Polk and Wardwell.

Commenting on the announcement, AIG Chairman M.R. Greenberg said, "We are delighted that Scott Levine is joining AIG. His experience in investment banking, insurance and structured finance will be a valuable addition to AIG's resources in building our business in structured finance for our clients worldwide."

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.