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AIG'S NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA TO HOST REGIONAL SEMINARS ON KEY LIABILITY ISSUES IMPACTING MIDDLE-MARKET AND COMMERCIAL DIRECTORS AND OFFICERS

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National Union, Financial Executives International, NASDAQ, the National Association of Corporate Directors and Representatives from the Nation's Top Securities Litigation Defense Law Firms to Participate in Seminar Series

National Union Fire Insurance Company of Pittsburgh, Pa.(R) (National Union), a member company of American International Group, Inc. (AIG), today announced a regional seminar series that will address the key liability issues facing directors & officers of small to mid-sized companies in today's business environment.

The seminar series will run in New York, Boston, Philadelphia, Los Angeles, San Francisco, Houston, Chicago, Cleveland and Atlanta throughout the Fall. The first event will be at the Union League Club in New York City on October 7, 2003. The full schedule of events is as follows:

  • October 7 - Union League Club, New York, NY
  • October 8 - Marriott Philadelphia, Philadelphia, PA
  • October 9 - Boston Marriott Newton, Newton, MA (Boston region)
  • October 15 - Omni Los Angeles Hotel, Los Angeles, CA
  • October 21 - Intercontinental Houston, Houston, TX
  • November 4 - The Sutton Place Hotel, Chicago, IL
  • November 5 - The Club at Key Center, Cleveland, OH
  • November 12 - The Four Seasons Hotel, San Francisco, CA
  • November 18 - Marriott Perimeter Center, Atlanta, GA

Each event will specifically deal with D&O issues that impact mid-sized and growing companies. Topics for discussion include: how changing market conditions are impacting business risk; how the current litigation environment effects management exposure; and an outlook on the future with respect to evolving D&O risks.

"Middle-market enterprises have unique D&O risks that need to be adequately addressed," said John Keogh, President and CEO of National Union. "The goal of this seminar series is to increase awareness about the risks particular to this market segment, and educate CFOs, risk managers, general counsels, board members and chief executives across the country as to the specific steps they can take to proactively address these exposures."

Throughout the series, National Union will be joined by representatives from Financial Executives International, NASDAQ, the National Association of Corporate Directors, and several of the nation's leading securities litigation defense firms. A comprehensive roster of speakers will be released prior to each regional event.

For more information concerning the seminar series, please contact Mina Chew at National Union, 212-458-1558 or email: mina.chew@aig.com.

Registration is available online at http://www.aig.com/dandoseminar.html.

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.

AIG Andrew Silver Public Relations Manager 212/770-3141