|AIG SPECIALTY EXCESS(SM) NAMES TODD GERMANO EXECUTIVE VICE PRESIDENT|
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NEW YORK--March 28, 2006--The AIG Companies have announced that Todd Germano has been named Executive Vice President of AIG Specialty Excess(SM), an excess casualty underwriting unit of the AIG Companies. In this capacity, Mr. Germano will oversee all underwriting and marketing operations for the division.
AIG Specialty Excess specializes in difficult-to-place classes of business including construction, transportation, public entities and educational institutions. The unit's products are sold through wholesale brokers. AIG Specialty Excess utilizes admitted and non-admitted AIG forms and can offer up to $20 million in limits. More than 500 excess casualty claims specialists support the unit.
Mr. Germano brings over 15 years of experience to the position. He has held several senior casualty underwriting positions within AIG, most recently, Senior Vice President of AIG Excess Casualty's Construction Specialty division.
In addition, AIG Specialty Excess has also announced the appointments of Bob Penny, Senior Vice President - Public Entity, as well as Bill McDaid Eastern Zone Senior Vice President in New York; Mark Kleabir Western Zone Senior Vice President in Los Angeles; Karen Votta, Assistant Vice President in Philadelphia; and Tom Rocca, Assistant Vice President in San Francisco.
Commenting on the appointments, AIG Specialty Excess President, Chris Maleno said, "Todd Germano's experience and leadership abilities will be a key asset in growing this new unit. Todd and the quality of his support team around the country underscore the AIG Companies' continued commitment to providing superior underwriting and claims service to these specialty risks."
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.