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AIG ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS IN DOMESTIC AND OVERSEAS PROPERTY-CASUALTY OPERATIONS

 NEW YORK, Feb. 9 /PRNewswire/ -- American International Group, Inc. (NYSE: AIG), today announced five new senior management assignments in its domestic and international property-casualty business, effective March 15, 1993. The individuals involved are all current AIG executives.
 James L. Williams, 49, regional vice president in Los Angeles for American International Companies, will become senior AIG officer for China, based in Shanghai. In late 1992, AIG's American International Assurance Company, Ltd. (AIA), was granted a license to operate the first foreign-owned life and non-life insurance business in China, and the Shanghai branch is now fully operational. Mr. Williams' new position was created to provide a senior level executive to oversee the growth of AIG's Shanghai insurance business.
 Vincent J. Masucci, 45, director of regional operations and marketing for American International Companies, based in New York, will succeed Mr. Williams in Los Angeles, and will become senior executive of American International Companies' West Coast operations, encompassing all general insurance operations on the West Coast, Alaska and Hawaii.
 Succeeding Mr. Masucci will be David M. Hupp, 45, who is currently president of AIG Europe, S.A., in Paris, AIG's continental European property-casualty company covering all E.C. markets other than the United Kingdom and Ireland.
 Mr. Hupp will be succeeded in Paris by Nicholas C. Walsh, 42, who is president of the U.K./Ireland division of American International Underwriters (AIU) and managing director of AIG Europe (UK) Limited in London.
 Martin J. Sullivan, 38, currently chief operating officer of AIG Europe (UK) Limited, will succeed Mr. Walsh as managing director of that company and president of AIU's U.K./Ireland division.
 Commenting on these changes, AIG Chairman M.R. Greenberg said, "These executives are among our most experienced managers, and they epitomize the depth of AIG's management team. In the case of Jim Williams, we are fortunate to have someone with his international experience to head up our re-entry into China. Vince Masucci, David Hupp, Nicholas Walsh and Martin Sullivan will also bring their many years of experience to bear in these senior positions in our overseas and domestic property-casualty network."
 Mr. Williams has been with AIG for 21 years, much of that time in management positions in the company's Southeast Asian general insurance operations. He served in the Philippines, Singapore, Thailand, Malaysia, Hong Kong and Japan. For five years before moving to Los Angeles in 1991, he was resident in Hong Kong as senior vice president and regional general manager for AIU in Southeast Asia. Prior to that, he was regional vice president for the Southwestern Region, based in Dallas.
 Mr. Masucci was named director of regional operations in 1990. He joined AIU 20 years ago as a casualty underwriter and later was named regional casualty manager for Central America. He served in AIU's London office from 1974-1977, and was named assistant vice president of AIU in New York in 1977. He became AIU branch manager in Los Angeles in 1978, president of AIU West Coast in 1984, and president of the North American division of AIU in 1987.
 Mr. Hupp has been president of AIG's continental European general insurance operations for three years. Prior to that he was regional vice president of American International Companies' Atlanta region. He joined AIU in New York as an underwriter in 1970, and held a number of positions in domestic AIU offices before being named vice president of AIU in 1977, president of AIU's North American division in 1979, and regional vice president of AIU's Southeast Asia division in 1982.
 Mr. Walsh was named president of AIU's U.K./Ireland division and managing director of AIU (UK) Limited, which later became AIG Europe (UK) Limited, in 1989. He joined AIU in 1973 in the London office as an underwriter, and held a succession of underwriting and management positions in the United Kingdom and Brussels. In 1980 he moved to Vienna as general manager of AIU's European American Underwriters, and in 1985 became managing director of Union Atlantique de Reassurances in Brussels, where he served until 1989.
 Mr. Sullivan joined AIU (UK) Limited in 1971 in the finance department, and later moved to the property department as an underwriter, becoming property manager in 1983. In 1988 he was appointed London office manager and regional marketing manager for the United Kingdom and Ireland. He became assistant managing director in 1989 and chief operating officer in 1991.
 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- 2/9/93
 /CONTACT: John T. Wooster, vice president-communications of AIG, 212-770-3146/
 (AIG)


CO: American International Group, Inc. ST: New York IN: INS SU: PER

GK -- NY032 -- 4540 02/09/93 10:25 EST
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