Company Press Release

JEFFREY M. FARBER NAMED AIG SENIOR VICE PRESIDENT AND DEPUTY CHIEF FINANCIAL OFFICER

NEW YORK, Mar 03, 2011 -- American International Group, Inc. (AIG) today announced that Jeffrey M. Farber has been named Senior Vice President, Deputy Chief Financial Officer. In this new position, Mr. Farber will provide global leadership and coordination for AIG's Controllership and Accounting Policy functions, as well as the AIG Global Tax Department. He reports to David L. Herzog, AIG Executive Vice President and Chief Financial Officer.

"Jeff Farber is well prepared to help take these key AIG finance functions to an even higher level," said Mr. Herzog. "Over the past several years the finance team has worked diligently through an extraordinarily complex restructuring, and this new role provides Jeff with an opportunity to lead a great team and work closely with the finance transformation team as we roll out our new financial platform."

Mr. Farber most recently served as Executive Vice President - Finance and Corporate Development and Chief Financial Officer at Gamco Investors. Before that, he was Senior Vice President, Finance, and Controller at Bear Stearns, and an Audit Partner at Deloitte and Touche. Mr. Farber received his M.B.A. from New York University and holds a B.S. in Accounting from Lehigh University.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.