INScompanies Blog

NEW YORK–Nov. 16, 2006–American General Finance Corporation, a wholly owned subsidiary of American International Group, Inc. (AIG), announced today that it has entered into an agreement to acquire Ocean Finance and Mortgages Limited (Ocean), a leading finance broker for home owner loans in the U.K., from its founder and CEO, Mr. Paul Newey. Subject to regulatory approvals, the transaction is expected to close in late 2006 or early 2007. Terms of the agreement have not been disclosed.  Ocean, headquartered in Staffordshire, England, was established in 1991 and currently employs nearly 300 people. As a leading finance broker in the U.K., Ocean currently offers home owner loans, mortgages and remortgages (refinancing). Ocean maintains a residential mortgage portfolio of approximately GBP 60 million ($110 million).  Commenting on the agreement to acquire Ocean, American General Finance Corporation CEO Frederick W. Geissinger, said, “We are pleased to have reached this agreement to acquire Ocean Finance and Mortgages, which will become the first American General Finance company located outside of North America. Paul Newey has built a powerful and important franchise in the U.K., and we are fortunate that he has agreed to remain as Chief Executive Officer of Ocean. We look forward to further growth and development in this market, and to the opportunity to bring our financial strength and experience in consumer financing and other credit-related products to the U.K.” 

American General Finance Corporation is a financial services holding company with subsidiaries engaged in the consumer finance and credit insurance businesses. At December 31, 2005, American General Finance Corporation and its subsidiaries had 1,453 branch offices in 44 states, Puerto Rico, and the U.S. Virgin Islands and approximately 9,700 employees.  American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo. 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please refer to American General Finance Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2006, its Annual Report on Form 10-K for the fiscal year ended December 31, 2005 and its past and future filings and reports filed with the Securities and Exchange Commission for a description of the business environment in which American General Finance Corporation operates and important factors which may affect its business. American General Finance Corporation is under no obligation (and expressly disclaims any obligation) to update or alter any forward-looking statement, whether written or oral, that it may make from time to time, whether as a result of new information, future events or otherwise.  CONTACT: American International Group, Inc. 

Joe Norton Director of Public Relations 
212-770-3144

New AIG Security Advantage Offers Identity Theft Restoration Service and 24-Hour Emergency Travel and Medical Assistance and 24-Hour Roadside Assistance  NEW YORK—April 5, 2006– AIG Auto Insurance today announced AIG Security Advantage, a groundbreaking new service that includes identity theft restoration service, around-the-clock medical and emergency travel assistance, and 24-hour roadside assistance, all at no additional cost to the consumer, for auto insurance policyholders*.  Identity Theft Restoration Service* 

Identity theft is escalating in the United States. According to the January 2006 “Consumer Fraud and Identity Theft Complaint Data” report issued by Federal Trade Commission (FTC), in 2005 the FTC received more than 685,000 consumer fraud and identity theft complaints resulting in more than $680 million in losses. As a means to mitigate the results of ID theft, AIG Auto Insurance is including ID Theft Restoration Service as part of its AIG Security Advantage package. AIG Security Advantage auto insurance policyholders will receive the following as part of the new service:  Access to AIG Auto Insurance’s 24-hour ID Theft Restoration service hotline. 

An AIG Auto Insurance ID Theft Restoration Kit to help determine if identity theft has occurred.  Comprehensive, professional assistance if an auto insurance policyholder becomes a victim of ID theft. This includes working with a case manager to notify relevant agencies of ID theft and follow-up. 
“Today, everyone is a potential victim of identity theft,” said Tony DeSantis, President of AIG Marketing, Inc., the direct marketing division responsible for AIG Auto Insurance. “The fact is that if your identity is stolen, it can take months to notify relevant agencies and restore the integrity of your identity. We’ve added ID Theft Restoration service as a free benefit to help further support our policyholders’ needs - on and off the road.”  Emergency Travel & Medical Assistance 

In addition to the ID Theft Restoration Service, AIG Security Advantage provides policyholders with 24-hour, free Emergency Travel and Medical Assistance anywhere in the U.S. or Canada. Policyholders will have support services that include:  Last minute hotel and car rental reservations 
Assistance with airline reservations  Contact information for local doctors, dentists and hospitals 

Contact information for ATM locations, Travel and health advisories, including regional weather information, Roadside Assistance  Lastly, AIG Auto Insurance provides 24-hour Roadside Assistance. The Roadside benefit will provide assistance with flat tires, dead batteries, lockouts, empty gas tanks and more. While Roadside Assistance is not new, most insurance companies and other providers charge a premium for such an enhanced service and added convenience - it’s free with AIG Security Advantage. 

AIG Auto Insurance consistently provides consumers with the opportunity to save on their auto coverages without sacrificing service. With over 1 million policyholders underwritten by member companies of American International Group, Inc. (AIG), AIG Auto Insurance Representatives are available 24-hours-a-day, 7 days a week. In addition, www.aigauto.com delivers on-line sales, service and claims reporting made easy.  American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG’s common stock is listed in the U.S. on the New York Stock Exchange as well as the stock exchanges in London, Paris, Switzerland and Tokyo.  *Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting approval. The description of service herein is a summary only. It does not include all terms, conditions and exclusions of the policy. Please refer to the actual policy for complete details of coverage and exclusions. Service may not be available in all states or all accounts. ID Theft Restoration Service is not available in New York… Non-insurance products may be provided through independent third parties.  CONTACT: American International Group, Inc. 

Peter Tulupman  212-770-3141

NEW YORK–Nov. 28, 2006–AIG Healthcare, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), today introduced AIG Healthcare Security & Liability Insurance, a portfolio of coverages designed to protect healthcare companies from liabilities and costs related to the negligent handling of private data. In addition to coverage for third-party liability, the new Security & Liability Insurance will respond to specified costs of crisis management when a security breach occurs, including costs to notify consumers of a data breach as required by law, costs to provide credit monitoring, and other related services for consumers affected by a data breach. 

AIG Healthcare’s Security & Privacy Insurance addresses liabilities resulting from a negligent disclosure or breach of private or confidential data, including: a failure of an insured’s computer network security; wrongful release or disclosure of information by the insured, the insured’s employee or another third party; and failure to protect personally identifiable information from misappropriation. These liabilities are typically not covered by conventional professional liability, commercial general liability or media liability insurance policies.

“Liability arising out of privacy and security matters is costing corporations millions of dollars and could be particularly costly to healthcare organizations holding confidential patient data,” said Peter Eastwood, Executive Vice President, AIG Healthcare. “Security & Privacy Insurance is a unique solution that addresses this widespread growing liability threat.” 

The Security & Privacy Insurance policy, which combines coverage for third-party liability with coverage for first party expense for healthcare entities, is provided as an endorsement to AIG Healthcare’s Liability Insurance. The policy provides coverage for defense costs (within policy limits) relating to a covered event, including defense cost coverage for certain regulatory actions; duty to defend coverage; with coverage provided on a ‘pay on behalf of” basis. The policy also covers crisis management losses, including costs to notify consumers of a data breach to satisfy legal requirements and maintain customer goodwill, costs to provide credit monitoring, as well as the cost to provide related services to affected consumers in the event of a insured incident.

AIG Healthcare Security & Privacy Liability Insurance is available on a primary and/or excess basis to AIG Healthcare insureds. AIG Healthcare is offering Security & Privacy Liability Insurance in conjunction with National Union Fire Insurance Company of Pittsburgh, Pa., an AIG Company and an industry leader in Security Liability products. 

For more information on AIG Healthcare Security & Privacy Liability Insurance, please contact Marie Myers, Assistant Underwriting Manager, at 617-330-4238 or Marie.Myers@aig.com.

Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions. Coverage may not be available in all states or in all countries. Non-insurance products may be provided through independent third parties. American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo. CONTACT: Peter Tulupman 
Manager of Public Relations  212-770-3141