|AIG GLOBAL ENERGY ANNOUNCES EXECUTIVE APPOINTMENTS IN ITS PROPERTY-CASUALTY INSURANCE DIVISIONS|
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NEW YORK--March 22, 2006--AIG Global Energy, a division of the property and casualty insurance subsidiaries of American International Group, Inc., has named Thomas Morelli President of the AIG Global Energy Casualty division and David Hawksby President of the AIG Global Energy Property division. Both Mr. Morelli and Mr. Hawksby will be based in New York, and report to AIG Global Energy President Ralph Mucerino. AIG Global Energy serves clients in the oil, gas, petrochemical, mining, process industries and power generation industries worldwide.
In his new position, Mr. Morelli will be responsible for the primary casualty, excess casualty, middle market and international casualty operations of AIG Global Energy. He previously headed AIG Global Energy's Primary Casualty insurance unit responsible for North America. He joined AIG Global Energy in 2002. Mr. Morelli replaces James Vendetti, who has been named Senior Vice President, Casualty at American International Underwriters (AIU), AIG's foreign general insurance organization.
David Hawksby previously served as President of the AIU Energy Division. He joined AIG Companies in 1977 in London as an underwriter in AIG's Lexington Insurance Company, and held a succession of senior energy underwriting and management positions in the U.K. as well as the United States.
Mr. Mucerino said, "Tom Morelli and David Hawksby bring proven risk management and energy underwriting skills to an extraordinarily complex insurance market. AIG Global Energy is a leader in this sector across multiple lines of business, capable of offering powerful solutions to both brokers and insureds."
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 as well as the stock exchanges in London, Paris, Switzerland and Tokyo.