AIG Realigns Property/Casualty Operations

June 1, 2000

American International Group has realigned its property/casualty insurance operations in order to serve the needs of U.S.-based companies with international operations more effectively and efficiently.

The North American Division of American International Underwriters, which serves the overseas insurance needs of U.S.-based multinationals, has joined the Domestic Brokerage Group and been renamed the AIG WorldSource Division. This structure will enable AIG to provide U.S.-based companies, including multinationals, middle-market and smaller corporations, a better-coordinated, one-stop shopping source for AIG insurance products and services worldwide.

Additionally, the Foreign Multinational Division of AIG Risk Management will become part of the WorldSource Division, to address the needs of foreign companies with subsidiaries in the U.S.

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