AIG Unit To Offer Nasdaq Japan Liability Coverage

February 28, 2001

American International Underwriters, the international p/c unit of AIG, announced that an agreement has been reached with Nasdaq Japan to offer management liability insurance to companies listed on the exchange.

Nasdaq Japan is a joint venture between the NASD and Softbank, an Internet investment company, which was established last year as part of the Osaka Stock Exchange. It aims to bring smaller and more innovative companies into the Japanese securities markets.

The deal with AIU makes E&O and D&O coverage available to the management of companies listed with Nasdaq Japan, and further strengthens AIG’s position in the Japanese insurance market.

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