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NEW YORK, February 16, 1999 – National Union Fire Insurance Company of Pittsburgh, Pa. and American Home Assurance Company, member companies of American International Group, Inc. (AIG), have introduced Umbrella Silver and Umbrella Gold*, endorsements to commercial middle market umbrella liability policies that provide coverage for catastrophic Directors and Officers (D&O) and Employment Practices Liability Insurance (EPLI) claims for middle market insureds. Umbrella Silver and Umbrella Gold are claims-made endorsements attached to an insured's Commercial Umbrella Liability policy. Unlike traditional Excess D&O and EPLI policies, insureds receive a credit for sharing the limit with the umbrella general aggregate. Coverages are underwritten by member companies of AIG.

Umbrella Silver provides coverage only for non-indemnifiable D&O and EPLI claims, following the terms and conditions of the underlying primary policy. Umbrella Silver recognizes erosion of limits of underlying policies for all D&O and EPLI claims, regardless of whether they are indemnifiable, non-indemnifiable or entity coverage. Umbrella Gold follows the terms and conditions of underlying D&O and EPLI policies, providing indemnifiable, non-indemnifiable and entity coverage for D&O and EPLI claims.

In addition to Umbrella Silver and Umbrella Gold, the American International Companies® offer a wide range of management liability insurance coverages, including D&O Gold. D&O Gold is a Directors, Officers, and Corporate Liability policy that includes coverage for Year 2000 exposures and incorporates over 40 additional enhancements addressing securities claims, bankruptcy, employment practices liability, pollution liability, and other risks.*

For more information about Umbrella Silver and Umbrella Gold, contact Diane Amodeo at 212/770-6746, or http://access.aig.com.

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AIG is the leading U.S.-based international insurance organization and among the largest underwriters of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial services insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services 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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* 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. Insurance provided by member companies of American International Group, Inc.