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AIG NAMES DAVID HERZOG WORLDWIDE LIFE INSURANCE OPERATIONS CHIEF FINANCIAL OFFICER
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NEW YORK--April 13, 2004--American International Group, Inc. (AIG) has named David L. Herzog Chief Financial Officer for its worldwide life insurance operations. Mr. Herzog, who will continue to be based in New York, succeeds Nicholas A. O'Kulich. Mr. O'Kulich is retiring, and will continue to serve AIG in an advisory capacity.

Mr. Herzog was elected an AIG Vice President, Life Insurance in 2003 and prior to that was named Chief Operating Officer for AIG's combined domestic life insurance companies when AIG acquired American General Corporation in 2001.

Mr. Herzog joined American General in 2000 as Executive Vice President and Chief Financial Officer of its life division after holding a number of positions at General American Life Insurance Company, including Chief Financial Officer of GenAmerica Corporation, the parent company of General American. Prior to that he had been in executive positions at Citicorp Life Insurance Companies and Coopers & Lybrand. He holds a bachelor's degree from the University of Missouri-Columbia and a master's degree from the University of Chicago's Graduate School of Business.

American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 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: For: American International Group, Inc.
             Joe Norton, 212-770-3144

    SOURCE: American International Group, Inc.