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AIG'S AMERICAN INTERNATIONAL COMPANIES RETAIN CLAYTON CONSULTING TO PROVIDE CRISIS RESPONSE SERVICES TO COMMERCIAL INSUREDS

NEW YORK, Jun 5, 2002 -- American International Group, Inc. (AIG) has announced that its American International Companies have retained Clayton Consulting to provide crisis response services to its commercial insureds.

Formed by Thomas A. Clayton, a security analyst and consultant, Clayton Consulting will provide pre-incident and crisis response services to American International Companies Kidnap, Ransom and Extortion and Malicious Product Tampering policyholders in both the United States and internationally. Mr. Clayton, who is president of Clayton Consulting, was most recently an international business and security consultant with Kroll Associates. Prior to joining Kroll in 1990, he had ten years consulting experience with other security organizations in the United States and as an independent consultant. Before that, Mr. Clayton served for more than 20 years in the foreign service of the United States government in Latin America, Europe and parts of the Middle East and Africa. Recognized as the world's most experienced and successful ransom negotiator, he has extensive experience in investigating incidents of malicious product tampering, extortion, and in undertaking security reviews of facilities, including residences, commercial buildings and factories.

Diane Borden, vice president of AIU Commercial Lines and head of its Crisis Management unit, said, "Clayton Consulting will contribute significant risk management and security resources to our insureds. Tom Clayton and his team, who have worked with AIG clients for years, possess a track record that is second to none. We look forward to continuing this successful relationship, and we are pleased to offer the Clayton Consulting services to our Kidnap, Ransom and Extortion and Malicious Product Tampering policyholders."

American International Companies offer crisis management products and services through AIU Crisis Management and AIG WorldSource, underwriting insurance for crisis situations, including kidnap for ransom, extortion of any kind, accidental or malicious product contamination, terrorism and sabotage, workplace violence, and political evacuation.

AIG is the world's leading U.S.-based international insurance and financial services organization, the largest underwriter of commercial and industrial insurance in the United States, and among the top-ranked U.S. life insurers. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services, retirement savings and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the United States and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

CONTACT: American International Group, Inc., New York
Public Relations:
Joe Norton, 212/770-3144