AIG Names Schimek, Jacobson to Key Executive Positions

July 22, 2005

American International Group, Inc. (AIG) has announced that Robert S. Schimek will join AIG as senior vice president and chief financial officer of the Domestic Brokerage Group, its commercial property-casualty insurance organization in the United States. He will report to Kristian P. Moor, AIG executive vice president, Domestic General Insurance and to Steven J. Bensinger, AIG executive vice president and chief financial officer. Schimek succeeds Robert P. Jacobson, who has been named AIG vice president for strategic planning.

Schimek joins AIG from Deloitte & Touche LLP, where he was a partner. He brings 18 years of public accounting experience with a diverse range of financial institutions, including large firms in the insurance and mortgage banking industries.

As vice president for strategic planning, Jacobson will work to identify growth opportunities for AIG worldwide. He reports to Brian T. Schreiber, AIG senior vice president for strategic Planning. Jacobson joined AIG in 1998 as vice president and deputy comptroller focusing on special projects including mergers and acquisitions. He was named AIG vice president, Domestic General Insurance and senior vice president and chief financial officer of the Domestic Brokerage Group in 1999. He was named a Domestic Brokerage Group executive vice president in 2003.

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