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AIG’S AMERICAN INTERNATIONAL UNDERWRITERS ANNOUNCES MANAGEMENT APPOINTMENTS IN CENTRAL EUROPE AND C.I.S. DIVISION

NEW YORK, September 29, 1999 – American International Underwriters (AIU), the international property-casualty insurance operation of American International Group, Inc. (AIG), has announced a number of management appointments in its Central Europe and Commonwealth of Independent States (C.I.S.) Division.

Barbara Zito has been named General Manager of AIG Poland Insurance Company, S.A. Ms. Zito was most recently Sales Executive for AIG's Domestic Brokerage Group in New York. She joined AIG in 1995 as Branch Manager of the Parsippany, NJ office.

Jean-Claude Noujaim has been appointed General Manager of AIG Ceska Republika, AIG's general insurance company in the Czech Republic. Mr. Noujaim is currently General Manager of AIG Romania Insurance Company, S.A. He joined AIG in 1984, and has also held management positions in Saudi Arabia, the United Arab Emirates, France and Latvia.

Michael Jensen has been named General Manager of AIG Romania, replacing Mr. Noujaim. He joins AIG Romania from Winterthur International in Denmark. Mr. Jensen was previously with AIG, holding positions in Denmark and Romania.

Jon Starkey has been appointed AIU Regional Manager, Central Asia and the Caucasus. In this position, Mr. Starkey assumes managerial responsibility for AIG general insurance operations in Azerbaijan, Uzbekistan and Kazakhstan. He will continue as General Manager of AIG Kazakhstan Insurance Company, a position he has held since joining the company in 1998.

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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.

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