AIG’s Message from John Q Doyle – Post-Bailout

Dear Business Colleague,

As I’m sure you’re aware, AIG’s Board of Directors approved a transaction with the Federal Reserve Bank of New York to provide a 24-month liquidity facility to AIG in the amount of $85 billion.  Access to this facility will allow the parent company, AIG, to address its immediate liquidity needs, which is clearly a positive development for policyholders, brokers, employees and shareholders.

We feel that the Federal government’s willingness to act highlights AIG’s critical role in the global financial markets.  In addition, although the New York and Pennsylvania insurance departments were prepared to allow AIG to exchange certain liquid investment holdings of the insurance companies for high-valued, less liquid holdings of the parent company, this transaction was not necessary.  The regulators’ consideration of this option demonstrates their confidence in the financial strength of AIG Commercial Insurance’s (AIGCI) subsidiaries.

Again, thank you for your on-going support.  My colleagues and I value your business and attach great importance to the relationships our firms have built throughout the years.  We are more committed than ever to providing you and your clients with the insurance capacity, innovative solutions and dedicated service you’ve come to expect from AIGCI.

Additional information about the strength of the AIG Commercial Insurance operations is available by clicking here. You may also contact your AIG Commercial Insurance representative or visit us at: www.aig.com.