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ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Forms One-Stop Construction Insurance Unit

March 15, 2005

The domestic brokerage group of the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Companies has created ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Construction Solutions, a consolidated practice that will serve as the central point of contact for domestic brokers and agents placing construction business with the member companies of ÌìÃÀÍøÕ¾´«Ã½´«Ã½.

“The formation of ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Construction Solutions brings together the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Companies’ unrivaled breadth of products, capacity, financial strength, industry expertise and risk management services for the benefit of the construction sector,” said Kristian P. Moor, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ executive vice president for domestic general insurance. “By creating a central practice that presents all of ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s construction-related products, has underwriting authority to bind coverages for our clients and features a dedicated claims management team, we can service new and existing accounts in a more timely and efficient manner.”

The new practice will offer the full ÌìÃÀÍøÕ¾´«Ã½´«Ã½ product set currently available for construction risks, including Primary Casualty, Excess Umbrella Liability, Professional Design Liability, Environmental Liability, Workers’ Compensation, Accident & Health, Defense Base Act, Property, and Surety coverages.* Furthermore, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Consultants, Inc. can provide customized preventative construction risk management services. Dedicated product integration teams have been established throughout the country to facilitate broker communication, product delivery and client/broker services.

Daniel Conway of ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Construction Risk Management will serve as practice leader for the new organization. He will report to Louis Iglesias, senior executive, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Construction Solutions. Conway has more than 20 years of experience servicing the insurance needs of the construction sector.

“ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Construction Solutions can work with construction companies ranging from small businesses to members of the ENR 400,” said Iglesias.

For more information on ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Construction Solutions, contact David Schwartz, at 212-458-2584 or e-mail David.Schwartz@aig.com.

*ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Companies refers to the domestic property and casualty insurance subsidiaries of American International Group, Inc. (ÌìÃÀÍøÕ¾´«Ã½´«Ã½). Issuance of coverage is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Non-insurance services may be provided through independent third parties. Coverage may not be available in all jurisdictions.

Topics Agencies Construction ÌìÃÀÍøÕ¾´«Ã½´«Ã½

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