AIG Global Energy New Appointments

March 23, 2006

AIG Global Energy, a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced that it has named Thomas Morelli President of the AIG Global Energy Casualty division and David Hawksby President of the AIG Global Energy Property division. Both men will be based in New York, and report to AIG Global Energy President Ralph Mucerino. AIG Global Energy serves clients in the oil, gas, petrochemical, mining, process industries and power generation industries worldwide.

Morelli will “be responsible for the primary casualty, excess casualty, middle market and international casualty operations of AIG Global Energy,” said the bulletin. “He previously headed AIG Global Energy’s Primary Casualty insurance unit responsible for North America. He joined AIG Global Energy in 2002.” He takes over from James Vendetti, who has been named Senior VP-Casualty at American International Underwriters (AIU), AIG’s foreign general insurance organization.

Hawksby previously served as President of the AIU Energy Division. He joined AIG in 1977 in London as an underwriter at Lexington Insurance Company, and held a succession of senior energy underwriting and management positions in the U.K. as well as the United States.

Mucerino commented: “Tom Morelli and David Hawksby bring proven risk management and energy underwriting skills to an extraordinarily complex insurance market. AIG Global Energy is a leader in this sector across multiple lines of business, capable of offering powerful solutions to both brokers and insureds.”

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