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AIG Travel Guard Breaks Ground on New Headquarters in Stevens Point

AIG Travel Guard Breaks Ground on New Headquarters in Stevens Point ( STEVENS POINT, Wis., June 6 / — AIG Travel Guard employees celebrated the official groundbreaking of their new worldwide headquarters on June 5, 2008 and were joined by a number of local Stevens Point and Portage County leaders, as well as executives from AIG's New York headquarters. The ceremony marked the official start of construction on the new 125,000 square-foot AIG Travel Guard world headquarters building, located in the Northeast corner of Interstate 39 and County Highway HH intersection.

The new building will house over 750 current and future AIG Travel Guard employees from Stevens Point and surrounding areas. “We are very, very proud to be part of this wonderful organization," said John Noel, CEO of AIG Travel Guard. “And we are very proud that AIG is investing in our company and our community. AIG appreciates the quality, professionalism and enthusiasm of the AIG Travel Guard employees we have here. That's why we are breaking ground for a new headquarters right here in Stevens Point, Wisconsin."

Steve Gold, President and Chief Executive Officer, AIG Accident&Health, said that AIG Travel Guard, “has built an impressive reputation for customer service." He added that the new building, “will support not only the growing business of AIG Travel Guard, but will also provide critical support for other AIG operations throughout the world."

In addition to the traditional groundbreaking with shovels, a time capsule containing historic Travel Guard mementos was presented for the building's cornerstone.

Construction on AIG Travel Guard's world headquarters is scheduled for completion in June 2009. The building is being designed to be an environmentally responsible and healthy place to work.

“The building will incorporate many sustainable elements designed to minimize environmental impact, and reduce the depletion of resources including energy, water and raw materials," explained Jeff Rutledge, President, AIG Travel, Inc. “We will be good stewards of the environment and follow strict guidelines to ensure that our new building receives LEED certification." The LEED(R) (Leadership in Energy and Environmental Design) Green Building Rating System is the U.S. Green Building Council's national standard for developing high-performance, sustainable buildings.

TOLD Development, a Midwest firm that developed the Crossroads Commons Retail Center, located at the southeast quadrant of I39 and CTH HH in Plover will construct and own the facility. Local company, Ellis Stone Construction, will provide design, construction management and general construction services for the project.

AIG Travel Guard is one of America's leading providers of travel insurance plans for more than 6 million travelers each year. Travel insurance plans through AIG Travel Guard are distributed by more than 12,000 travel agents across the United States.

AIG Travel Guard is a wholly owned subsidiary of AIG Travel, Inc., a member company of American International Group, Inc. (AIG). American International Group, Inc. (AIG), a world leader 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 Paris and Tokyo.

Source: AIG Travel Guard

Contact: Dan McGinnity/Carol Mueller AIG Travel Guard 715.345.1041 ext 14850/13050

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