|AIG PRIVATE CLIENT GROUP TO PROVIDE COMPLEMENTARY BACKGROUND INVESTIGATIONS TO CLIENTS WHO EMPLOY DOMESTIC STAFF|
NEW YORK--March 1, 2004--AIG Private Client Group, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), today announced a loss-prevention initiative that will provide policyholders employing domestic staff with access to background investigations, at no cost. Kroll Inc.'s Background Screening Group, a leading provider of employee and vendor screening services, will conduct the investigations.
AIG Private Client Group, which focuses exclusively on personal insurance solutions and risk management services for high net worth individuals, initiated the venture with Kroll's Background Screening Group as part of its ongoing directive to help protect the safety and assets of its policyholders.
"Our goal is to minimize threats to the families we serve while reducing their overall cost of risk," said Gary Raphael, Vice President and Director of Risk Management Services, AIG Private Client Group. "Background checks are an important step in enhancing the safety of family members and personal possessions. This new offering allows our insureds to feel comfortable about the integrity of potential candidates and hire domestic staff with confidence."
Once written permission to conduct a background investigation has been obtained from the current or prospective employee, Kroll can offer an AIG Private Client Group policyholder pertinent information on that individual, including:
-- Verification of identity and address history; -- Confirmation of educational background; -- Verification of complete employment history and professional licensure; and -- Searching capabilities for federal, state and county criminal records.
Policyholders have the ability to screen all of their U.S.-based employees, such as their nanny, housekeeper, driver, gardener, chef, or home health worker.
AIG Private Client Group provides comprehensive insurance products and services to help meet the unique risk management needs of high net worth individuals and their families. Its innovative products are underwritten by member companies of American International Group, Inc., and are designed to enhance protection of, and minimize threats to, personal wealth and safety. AIG Private Client Group's portfolio of insurance products includes excess liability, homeowners, excess flood, automobile, private collections, kidnap and ransom, aviation and yacht coverage. In addition to its products, AIG Private Client Group offers an extensive range of risk management services that includes loss-prevention expertise for owners of fine homes, management of art collections and personal security consultation.
For more information, contact your local broker or visit the AIG Private Client Group Web site at www.aigpcg.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 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.
CONTACT: AIG Andrew Silver, 212-770-3141 SOURCE: American International Group, Inc.