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AIG RECEIVES LICENSE TO OPERATE GENERAL INSURANCE COMPANY IN SLOVAKIA
NEW YORK, November 4, 1998 – American International Group, Inc. (AIG) has announced that its wholly owned subsidiary, AIG Slovakia Insurance Company (AIG Slovakia), has received a license to operate a general insurance company in Slovakia. AIG Slovakia will initially offer property-casualty insurance coverage to industrial and commercial enterprises in Slovakia. Marek Jankovic will serve as General Manager of AIG Slovakia, which is located at Sabinovska 10, 821-02 Bratislava.

AIG operates the largest and most extensive network established by any international insurance organization in Central Europe and the C.I.S., and its First American Slovak Insurance Company (AMSLICO) has offered life and accident insurance in Slovakia since 1995.

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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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