|AIG SPECIALTY EXCESS ESTABLISHED TO UNDERWRITE DIFFICULT-TO-PLACE CLASSES OF BUSINESS INCLUDING CONSTRUCTION, TRANSPORTATION, PUBLIC ENTITIES AND EDUCATIONAL INSTITUTIONS|
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NEW YORK, Feb 27, 2006 -- The AIG Companies have formed AIG Specialty Excess, an umbrella and excess casualty underwriting unit that will concentrate on insuring specialty and difficult-to-place classes of business including construction, transportation, public entities and educational institutions.
Effective May 15, 2006, AIG Specialty Excess will respond to all in-force business, as well as new and renewal business currently handled by the C.V. Starr & Co. agency, a subsidiary of C.V.Starr & Co., Inc. AIG Specialty Excess will operate nationwide.
AIG Specialty Excess President Chris Maleno said, "The AIG Companies are well established as the nation's leading providers of commercial umbrella and excess casualty insurance, supporting the brokerage community and our customers with more than 40 years experience in underwriting and managing complex excess casualty claims." Mr. Maleno has been with the AIG Companies for 11 years, and is also President of AIG Excess Casualty.
For information concerning underwriting or claims, contact Todd Germano Senior Vice President, AIG Specialty Excess at 212/458-5849, or email AIGSpecialtyExcess@aig.com.
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.
SOURCE: American International Group, Inc.
American International Group, Inc. Joe Norton, 212-770-3144