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AIG NAMES ELIAS F. HABAYEB AIG FINANCIAL SERVICES GROUP CFO; RONALD A. LATZ NAMED AIG FINANCIAL PRODUCTS CORP. VICE PRESIDENT
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NEW YORK--(BUSINESS WIRE)--Sept. 9, 2005--American International Group, Inc. (AIG) has announced that Elias F. Habayeb will join AIG as Chief Financial Officer of the Financial Services Group. He reports to AIG Executive Vice President and Chief Financial Officer Steven J. Bensinger and to AIG Senior Vice President William N. Dooley. Mr. Habayeb succeeds Ronald A. Latz, who has been named a Vice President at AIG Financial Products Corp. (AIGFP).

Mr. Habayeb was previously a Partner in the Capital Markets Group of Deloitte & Touche in New York. He has twelve years of public accounting experience at with a diverse range of financial institutions, including large firms in the insurance and banking industries, and specialization in financial instruments and structured financial products. He holds a B.S. in Accounting from Syracuse University and is a member of the American Institute of Certified Public Accountants and the New York Society of Certified Public Accountants.

At AIG Financial Products Corp., Mr. Latz will join the unit responsible for management information, and for liaising with and supporting the marketing and trading teams in their interaction with the operational and support functions throughout AIGFP. Mr. Latz joined AIG in 1989 as a Director for Financial Planning and Analysis, focusing on the financial services businesses. In 1993, he was named Chief Financial Officer of the Financial Services Group.

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

CONTACT: American International Group, Inc.
Joe Norton, 212-770-3144

SOURCE: American International Group, Inc.