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NEW YORK, December 15, 2003 – American International Group, Inc. (AIG), today announced the appointment of Kevin Hogan as the senior AIG executive responsible for the recently established cooperative business relationship with PICC Property and Casualty Company Limited (PICC), the largest property-casualty insurer in China.

Mr. Hogan, in conjunction with PICC executives, will manage the development of accident and supplemental health (A&H) and related insurance products and services for the mainland China market. Based in Beijing, China, Mr. Hogan will also oversee, in tandem with PICC, product development, resource allocation and managerial appointments.

Commenting on Mr. Hogan's appointment, AIG Chairman M. R. Greenberg said, “Kevin Hogan has distinguished himself as the head of the AIG Companies' Worldwide Accident & Health Division, and will bring this track record of success to the PICC relationship. He is well suited to help consumers throughout China benefit from AIG's vast experience and skill as the world leader in A&H and related products. These products will be marketed through PICC's unrivaled distribution network, which serves approximately 70 percent of the country's general insurance market with over 128,000 agents and sales representatives throughout China.”

Mr. Hogan joined AIG in 1984 in the American International Underwriters (AIU) Casualty Management Division. In 1990, he was named Regional Casualty Manager for AIU's Southeast Asia region, based in Hong Kong. In 1996, Mr. Hogan was named General Manager of AIU's Singapore office and, in 1998, was appointed President of AIU's International Accident & Health Division. Mr. Hogan was elected AIG Vice President, Foreign General Insurance in 2001 and was named AIU Chief Operating Officer in 2002, in addition to his duties as President of the Worldwide Accident & Health Division of the AIG Companies.

Anthony Galioto, formerly President of the Domestic Accident & Health Division of the AIG Companies, will succeed Mr. Hogan as President of the Worldwide Accident & Health Division of the AIG Companies.

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 services 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 services 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.