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AMERICAN INTERNATIONAL GROUP FORMS AIG REINSURANCE ADVISORS, INC.

AMERICAN INTERNATIONAL GROUP FORMS AIG REINSURANCE ADVISORS, INC.
 NEW YORK, June 15 /PRNewswire/ -- American International Group, Inc. ("AIG") (NYSE: AIG) has announced the formation of AIG Reinsurance Advisors, Inc., a new wholly owned subsidiary arranging custom-designed reinsurance programs for both property-casualty and life/health insurers worldwide.
 Thomas R. Tizzio, AIG president, will serve as chairman of the new company. Joseph H. Umansky, AIG vice president and deputy comptroller, will be president of the new company. Both Tizzio and Umansky will continue in their present positions.
 In addition, Jonathan S. Roberts, 31, has joined the company as senior vice president of the newly formed subsidiary. Roberts comes to AIG from the Clarendon Insurance Group where he was a vice president. Prior to that he was with AIG Risk Management, Inc. (AIGRM), an AIG member company. Roberts received an A.B. degree in Mathematics from Harvard University and is a member of the American Academy of Actuaries.
 Commenting on today's announcement, Tizzio said, "Due to increasing volatility in the price and supply of traditional reinsurance capacity, there is a growing demand for custom-structured reinsurance which is both stable over the long-term and cost-efficient in achieving the cedent's goals. AIG's resources and expertise in markets worldwide place us in an excellent position to make a long term commitment to service these clients, and that will be the mission of this new company."
 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- 06/15/92
 CONTACT: Joe Norton of American International Group, 212-770-3144
 (AIG) CO: AMERICAN INTERNATIONAL GROUP, INC.; AIG REINSURANCE
 ADVISORS, INC.


IN: INS ST: NY -- NY005 -- X347 06/15/92
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Publication:PR Newswire
Date:Jun 15, 1992
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