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AIG'S COMMERCE & INDUSTRY INSURANCE COMPANY ANNOUNCES NEW EXECUTIVE APPOINTMENTS

 AIG'S COMMERCE & INDUSTRY INSURANCE COMPANY ANNOUNCES
 NEW EXECUTIVE APPOINTMENTS
 NEW YORK, April 21 /PRNewswire/ -- Commerce and Industry Insurance Company (C&I), a member company of American International Group, Inc. (NYSE: AIG), has announced two senior management appointments in its environmental insurance area.
 Barry Persofsky, 44, has been named executive vice president of C&I, responsible for the company's worldwide environmental and pollution business. In this position, his responsibilities will include the integration of claims, engineering and underwriting functions. Persofsky moves to C&I from American Home Assurance Company, another AIG member company, where he headed up the construction and energy units. He has extensive experience in environmental litigation. Prior to joining AIG in 1991, he was an executive with another major insurance company. He holds B.A. and B.S. degrees from Temple University.
 Kenneth B. Cornell, 32, has been promoted to vice president of C&I and head of the pollution liability division. Prior to this position, he was C&I's manager for regional operations for pollution liability. Cornell joined AIG in 1985. He holds a B.A. degree in biology from Gettysburg College and a Masters in environmental management from Duke University.
 Commenting on these two appointments, Kevin H. Kelley, chairman of C&I, said, "Both Barry Persofsky and Ken Cornell have strong backgrounds in the environmental area, and they will add significant strength to our management team at C&I. The company has long been an industry leader in the environmental insurance area and was the first major admitted carrier with the primary goal of providing environmental coverages. Reflecting this leadership position, C&I recently announced a doubling of our capacity for pollution legal liability coverage from $20 million per loss to $40 million. These new limits are the largest generally available from any company underwriting pollution legal liability insurance in the United States. We have also introduced a number of new products that are specifically aimed at the growing exposures clients have in the environmental area."
 C&I concentrates on highly protected property risks as well as property and casualty products for the hazardous waste, pollution control manufacturing, environmental contracting and other related industries. It also provides specialty environmental insurance programs for policyholders with environmental exposures, as well as engineering and risk management expertise to aid businesses in implementing safety and compliance measures.
 AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial services insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services businesses. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
 -0- 4/21/92
 /CONTACT: John T. Wooster of American International Group, 212-770-3146/
 (AIG) CO: Commerce and Industry Insurance Co.; American International Group ST: New York IN: INS SU: PER


KD -- NY081 -- 0687 04/21/92 13:03 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:504
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