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AIG COMPANIES INTRODUCE NEW ACCIDENTAL DEATH & DISMEMBERMENT COVERAGE OPTIONS; ON-THE-JOB ACCIDENT PROTECTOR PROVIDES COVERAGE FOR RISKS ASSOCIATED WITH THE MOST HAZARDOUS JOBS IN AMERICA

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NEW YORK--Jan. 13, 2004--AIG Global Energy and the Domestic Accident & Health Division of the AIG Companies today announced the availability of On-the-Job Accident Protector, an Accidental Death & Dismemberment (AD&D) insurance program for people performing hazardous jobs. On-the-Job Accident Protector provides up to $250,000 in AD&D benefits.

Under the On-the-Job Accident Protector coverage, benefits are paid regardless of any other insurance policy the insured worker may have -- creating two advantages for covered employees. First, On-the-Job Accident Protector complements existing programs, providing greater coverage for employees and their families. Second, On-the-Job Accident Protector helps offset any gaps created by deductibles in the employee's Workers' Compensation coverage.

"A comprehensive employee benefit program enhances the ability of a company that has employees in hazardous positions to recruit and maintain a high-quality workforce, which in turn may increase productivity and reduce risk," said Ralph W. Mucerino, President, AIG Global Energy.

Beyond traditional AD&D coverage components, On-the-Job Accident Protector can be expanded to include Commutation Coverage, which covers the transportation of workers to remote locations such as offshore oilrigs or a remote stretch of power lines. Additionally, the program provides non-insurance benefits such as financial consulting and bereavement counseling, as well as a dedicated unit of professionals within AIG Claim Services, Inc. to handle all claims processing and service.

"We're particularly pleased to provide a meaningful insurance solution to people whose occupations have made it difficult for them to find reasonable accident and health coverage," added Stephen A. Gold, President of the Domestic Accident & Health Division of the AIG Companies.

For more information on AIG Global Energy, the Domestic Accident & Health Division of American International Companies and/or the On-the-Job Protector coverage, please visit www.aandh.aig.com or contact Ronald Clarke, Vice President A&H, AIG Global Energy, 212-770-2305.

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.

The above described coverage may not be available in all states, and the above description thereof is neither a complete description nor a complete list of all terms, conditions and exclusions. Note that certain terms used above are defined in the policy. Please see the policy for a complete description of its scope and limitations of coverage. Issuance of coverage is subject to underwriting. Insurance is underwritten by member companies of American International Group, Inc. Non-insurance products may be provided through independent third parties.

CONTACT: AIG Andrew Silver, 212-770-3141 SOURCE: AIG