AIG RISK FINANCE NAMES MICHAEL CANTER SENIOR VICE PRESIDENT, INSURANCE SECURITIZATION

NEW YORK, May 21, 1998 – American International Group, Inc. (AIG) has announced that Michael S. Canter has joined AIG Risk Finance as Senior Vice President, Insurance Securitization.
Mr. Canter joins AIG Risk Finance from Hedge Financial Products, Inc., a subsidiary of CNA Financial Corp., where as Vice President, Trading, he was involved in the securitization of insurance risk and the development of programs that integrate financial and commodity risk within traditional insurance policies.

Mr. Canter holds a Ph.D. in Finance from the Columbia University Graduate School of Business, where he was also a Research and Teaching Assistant in the Department of Finance and Economics. He holds a bachelors degree from Northwestern University.

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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