AIG INSURANCE RISK FINANCE NAMES DAVID ROCKWELL SENIOR VICE PRESIDENT, CREDIT

NEW YORK, July 6, 1998 – American International Group, Inc. (AIG) has announced that David A. Rockwell has joined AIG Risk Finance as Senior Vice President, Credit. Mr. Rockwell will be responsible for the worldwide credit exposures of AIG Risk Finance.

Mr. Rockwell joins AIG with over 21 years of loan portfolio and credit management experience in the banking industry. Most recently, he was Senior Vice President and Head of Credit for the New York office of Hypo-Bank of Germany. He also held management positions with Barclays Bank P.L.C., in New York and prior to that with Manufacturers Hanover Trust.

Mr. Rockwell holds a J.D. from Albany Law School and a bachelors degree from St. Lawrence University. He also studied international relations at the University of Vienna, Austria.

AIG Risk Finance designs and implements creative financing solutions for clients requiring the most advanced risk management capabilities. Drawing on the worldwide resources of AIG’s insurance and financial services companies, AIG Risk Finance creates highly structured financial insurance products.

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AIG is the leading U.S.-based international insurance organization and among the largest underwriters of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial services insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services businesses. American International Group, Inc.’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

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