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NEW YORK, Oct 10, 2005 -- AIG Excess Casualty(R), a division of American Home Assurance Company, a member company of American International Group, Inc. (AIG), today introduced xsInResponse, a new product that provides excess liability coverage for risks previously covered by an insurance carrier that is now insolvent.* Available as an endorsement to AIG Excess Casualty's Commercial Umbrella Liability policy, Umbrella Prime(R), xsInResponse allows policyholders to reduce insolvency-related vulnerabilities in excess liability insurance programs dating back up to 15 years.

"Over 200 insurers and reinsurers have become insolvent in the past decade,(1) leaving many companies unable to collect on large liability claims," said Chris Maleno, President of AIG Excess Casualty. "With xsInResponse, risk managers can secure stable capacity to strategically address coverage holes left by insolvencies - and assure stakeholders, board members, and others that their portfolio of excess liability coverage can respond when needed."

"Carrier insolvency has been a constant source of concern for risk managers, often frustrated by the lack of viable solutions able to address the exposures that insolvencies create," said Kristian P. Moor, Executive Vice President, AIG Domestic General Insurance. "Today, that concern has greatly intensified, creating vulnerability on two fronts - the growing need to tap into excess layers to cover claims and the financial impact of catastrophic events on insurance providers. Now, more than ever, risk managers need to closely evaluate the financial strength, capacity and commitment that their excess insurers bring to this market."

xsInResponse coverage is unique claims-made coverage that responds to incurred but not reported (IBNR) claims. UmbrellaPrime, available with up to $50 million in limits, also includes crisis management funds, access to professional expertise and immediate, 24/7 access to specialists who can help companies manage a crisis, even before a claim is filed.

For more information on xsInResponse, contact Richard Tallo, AIG Excess Casualty, at (212) 458-6104 or richard.tallo@aig.com.

AIG Excess Casualty, the nation's leading provider of commercial umbrella liability insurance, has been serving the excess casualty market for more than 40 years.

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.

* Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states. Non-insurance products may be provided through independent third parties.

(1)Rising Number of P/C Company Impairments Continues Trend, A.M. Best, March 10, 2003.

Peter Tulupman