AIG Subsidiary Signs Letter of Intent to Combine Operations of Excess Inc.

August 8, 2002

American International Group, Inc. (AIG) announced that its subsidiary Risk Specialists Companies, Inc. has signed a letter of intent to combine the operations of Excess, Inc. with Medical Excess Insurance Services (MEIS).

Headquartered in Costa Mesa, California, MEIS performs underwriting services for Employer Stop Loss coverage provided by AIG member companies. Excess, Inc. is an independent Medical Stop Loss underwriter, based in Grass Valley, California. The combined companies will be named Medical Excess LLC.

Both MEIS and Excess have managed underwriting operations specializing in Employer Stop Loss health benefits for self-funded groups.

In addition to its Employer Stop Loss line, Medical Excess will also manage and market a transplant carve-out product designed for self-funded groups.

Medical Excess will maintain operations in Costa Mesa, Grass Valley, Indianapolis, and Atlanta.

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