|AIG EBUSINESS RISK SOLUTIONS EXPANDS COVERAGE AGAINST CYBER SECURITY THREATS|
NEW YORK--May 6, 2003-- AIG eBusiness Risk Solutions (AIG eBRS), a unit of the property and casualty subsidiaries of American International Group, Inc. (AIG) has enhanced its AIG NetAdvantage(R) Suite of network security insurance and risk management services to address the increasing exposure to threats of viruses, hackers, information theft and destruction, and cyber terrorism.
The AIG NetAdvantage(R) Suite 2003 has significantly expanded internet and network insurance coverages with new features, including:
"As the leading provider of network security and cyber-risk insurance, AIG eBRS is continually re-examining its product set to meet the new risks and challenges of today's business environment," said Ty R. Sagalow, Executive Vice-President and Chief Operating Officer of AIG eBRS. "Traditional policies generally do not cover data and information systems from security threats, leaving businesses more vulnerable and in considerable need of protection from network risk."
AIG eBRS also makes available critical loss prevention services through members of the AIG Technology Alliance, including free on-site security assessments for qualified applicants.
The AIG NetAdvantage(R) Suite 2003 can be tailored to address the needs of each customer and is provided on a worldwide and system-wide basis. To learn more about the new Suite's benefits and services, please visit www.aignetadvantage.com.
About AIG eBusiness Risk Solutions
AIG eBusiness Risk Solutions (AIG eBRS), a unit of the property and casualty subsidiaries of American International Group, Inc., is a global leader in identifying, evaluating and managing network security-related risks. Through the member companies of American International Group, Inc., AIG eBRS offers a comprehensive suite of insurance products and risk management services that protect corporate and personal assets from the emerging exposures inherent in today's ever-changing environment. For more information, please visit www.aigebrs.com.
AIG is the world's leading international insurance and financial services organization, with operations in approximately 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance, and AIG American General is a top-ranked life insurer. 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. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement savings businesses through AIG SunAmerica and AIG VALIC, 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: AIG Corporate Communications Joe Norton, 212/770-3144 SOURCE: AIG eBusiness Risk Solutions