AIG Announces Changes in Technology Leadership

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) announced today that Martha Gallo has been named Chief Information Officer. She previously served as AIG’s Chief Auditor. She succeeds Philip Fasano, who has left the company to pursue other opportunities. AIG plans to appoint a new Chief Auditor in the near term.

“Martha is a highly experienced business leader, having held a number of senior roles leading technology teams prior to joining AIG. She has a proven track record of delivering measurable, sustainable results to drive business performance,” said Peter D. Hancock, President and Chief Executive Officer. “Technology investment and implementation remains a key priority as we focus on bringing new innovations to our clients to help them face their most pressing challenges.”

“Phil elevated our ambitions and approach to technology, as well as making significant improvements in AIG’s IT capabilities during his time with the company. He also helped bring together a highly talented technology team whose efforts have begun transforming the way we work, and have enabled our businesses to compete more effectively. I want to extend our sincere appreciation to Phil for his leadership and partnership.”

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

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American International Group, Inc.

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Liz Werner, 212-770-7074

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Source: American International Group, Inc.