AIG Cos. End Agency Relationships with Starr Technical Risks Agency

February 17, 2006

American International Group Inc. (AIG) reported that the AIG Companies terminated the agency relationship with Starr Technical Risks Agency Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr & Co., Inc.

All current and future underwriting, claims, loss control and administrative functions relating to accounts formerly underwritten by Starr Tech on behalf of the AIG Companies will be managed by New York-based AIG Global Energy, which already provides insurance and risk management programs to energy and energy-related companies worldwide.

AIG Global Energy has expanded its scope of operations by creating a new division, AIG Global Energy-North America, to serve the worldwide property insurance needs of insurance customers in North America. AIG Global Energy-North America will initially have offices in New York, Hartford, Conn., and Houston, as well as Toronto and London.

For information concerning underwriting or claims, contact Michael Joannou at

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