AIG Companies Launch Venue Liability Protector; New Commercial Coverage for Performance and Hospitality Venues Addresses Casualty and On-Site Accident Risks of Venue Patrons.

Business Editors

NEW YORK--(BUSINESS WIRE)--April 27, 2004

The AIG Companies today launched Venue Liability Protector(SM), a commercial coverage designed to address the casualty risks of public venues and accident risks of patrons at performance and hospitality events.

Venue Liability Protector is a broad, general liability coverage that includes Accidental Death & Dismemberment (AD&D) insurance specifically to cover patrons of venues of all types--from nightclubs to sports stadiums, museums to dinner theaters. The AD&D coverage responds in the event that a patron suffers an accidental death or injury at the insured venue, providing immediate financial benefits to victims and their families. Risk management services are also offered to help commercial insureds reduce liability exposures and create a safer environment for the public.(*)

"Public venues are important to the social fabric of the United States, but patrons face growing risks when congregating in large groups," said Kevin Kelley, Chairman and Chief Executive Officer of Lexington Insurance Company. "In response to the more dangerous world we find ourselves in, we have developed Venue Liability Protector to provide a comprehensive insurance solution, from general casualty and on-site accident insurance to loss control and risk management services."

Venue Liability Protector offers general casualty limits of liability up to $1 million in primary coverage and excess limits up to $25 million. Up to $10 million in aggregate AD&D insurance is also provided.

For more information on Venue Liability Protector, please contact Deborah Coleman at 214-932-2163 or e-mail [e-mail].

American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include financial services, retirement services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

(*)Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states. Non-insurance products may be provided through independent third parties.