AIG, Dun & Bradstreet to Form B2B Joint Venture

November 1, 2000

American International Group and The Dun & Bradstreet Corp. has agreed to form a joint venture that will offer a suite of products and services to be named Avantrust. The venture will target business-to-business e-commerce marketplaces, and will leverage the companies’ global leadership in insurance, risk management and business information to deliver solutions that help reduce risks and frictions in business-to-business e-commerce transactions.

The Avantrust website will offer an integrated suite of products and services that target the e-marketplace segment including online exchanges, Internet-based market makers and supply chain extranets. In addition to its initial product and service offerings, Avantrust will serve as a platform to offer additional value-added transactional services. The Avantrust website will be initially operated by AIG eBusiness Risk Solutions, a division of the American International Companies.

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