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AMERICAN INTERNATIONAL GROUP ANNOUNCES APPOINTMENTS IN INTERNATIONAL PROPERTY-CASUALTY BUSINESS

 AMERICAN INTERNATIONAL GROUP ANNOUNCES APPOINTMENTS
 IN INTERNATIONAL PROPERTY-CASUALTY BUSINESS
 NEW YORK, Dec. 2 /PRNewswire/ -- American International Group, Inc. (NYSE: AIG) today announced several management changes in its international property-casualty insurance operations.
 James E. Smith, currently chairman of American International Underwriters (AIU), the company's overseas property-casualty insurance organization will become AIG's senior officer in Europe, based in London. In his new position, Smith will have executive responsibility for all of AIG's European property-casualty operations. He will be chairman of the U.K./Ireland division of AIU, as well as chairman of UNAT, S.A., AIG's Paris-based company serving Continental Europe. Nicholas C. Walsh will remain president of the U.K./Ireland division, reporting to Smith. David M. Hupp, president of UNAT, will remain in that position, also reporting to Smith.
 In addition, AIU's activities will be reorganized into three worldwide profit centers, covering Commercial Lines, Personal Lines and Personal Accident. Heading the Commercial Lines division will be Joseph C. Smetana. The Personal Accident division will continue to be headed by Kingsley Schubert, who assumed this position earlier this year. The leadership of the Personal Lines division will be announced in due course.
 Smith was named chairman of AIU earlier this year and previously served as AIU's president. Prior to that he was president of AIU's U.K./Ireland division, and held various other management positions in the company's domestic and foreign operations. These included vice president of U.S. Branch Operations, managing director for the Middle East, and general manager and regional vice president for Canada. He joined AIG in 1974 in Canada.
 Smetana joined AIG in 1974 and had been president of AIG Risk Management, Inc. (AIGRM) from that company's formation until 1990, when he became chairman of AIGRM and president of AI Global. He earlier held positions with EBASCO Risk Management Services, Inc. and Booz, Allen and Hamilton, Inc., where he was director of Risk Management Services.
 Schubert joined AIG in Melbourne, Australia in 1973. He later was made a director of AIU (Australia), responsible for accident and health products. In 1986, he was appointed chief operating officer in Japan and moved to New York in 1991 to assume his current position.
 Commenting on these changes, M. R. Greenberg, AIG chairman, said, "AIG's long established European property-casualty operations are well positioned for the advent of the integrated single market next year. Jim Smith's extensive insurance and international experience will serve us well in the new competitive climate we expect in Europe.
 "In addition, the refocusing of AIU into three worldwide profit centers will enable us to sharpen the customer focus of our international property-casualty business. AIG has always been a leader in providing global programs and risk management services to U.S. and foreign-based multinational corporations on a worldwide basis. With our new structure, we will be able to carry out that role more effectively in the future.
 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, 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 stock exchanges in London, Paris, Switzerland and Tokyo.
 -0- 12/2/91
 /CONTACT: Michael Forman of American International Group, 212-770-3144/
 (AIG) CO: American International Group Inc. ST: New York IN: INS SU: PER


SM-TS -- NY004 -- 8282 12/02/91 10:48 EST
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Publication:PR Newswire
Date:Dec 2, 1991
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