AIG Names Comptroller, Treasurer; Adopts Independent Director By-Laws

June 22, 2005

American International Group has named David L. Herzog as its new comptroller. He has also been elected an AIG senior vice president, reporting to Steven J. Bensinger, AIG executive vice president and chief financial officer.

Robert A. Gender has been named treasurer and elected an AIG vice president. He will also report to Bensinger.

AIG has announced that its 2005 annual meeting of shareholders will be held on Aug. 11.

AIG’s board of directors has approved changes in AIG’s by-laws and governance guidelines to reflect the new policy that the chairman should be an independent director and that at least two-thirds of the directors should be independent under New York Stock Exchange listing standards.

Herzog had served as CFO for AIG’s Worldwide Life Insurance operations since 2004. Prior to that, he served as chief operating officer and CFO of AIG’s domestic life insurance companies, a position he held since the acquisition of American General Corporation in 2001.

Gender has served as AIG assistant treasurer since 2000, with principal responsibilities for managing AIG’s banking relations, liquidity and corporate finance. Gender joined AIG in 1998 as director of financial analysis. Prior to that, he had been with the Equitable Life Assurance Society.

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