MORTGAGE INSURER CELEBRATES 10 YEARS OF INTERNATIONAL OPERATIONS
AIG United Guaranty Subsidiary EMI–Ezer Insures Mortgages in Israel

GREENSBORO, NC — AIG United Guaranty1subsidiary EMI–Ezer Mortgage Insurance Company Ltd. celebrated its tenth anniversary on July 10, 2008. Established in Jerusalem in 1998, the company provides insurance to protect mortgage banks from losses due to borrower default, which enables banks to grant mortgages at up to 95% of the value of the property (compared with 70–75% of the value for uninsured loans).

“We’re proud to reach this milestone anniversary, because it shows our long-term commitment to international operations,” said Doug Rivenburgh, senior vice president and group executive of AIG United Guaranty’s International Group. “EMI–Ezer was our first international venture, and now we have offices in 18 countries.”

Since 2003, EMI–Ezer has worked with every mortgage bank in Israel, and it currently is the only monoline insurer in Israel specializing in mortgage insurance for loans with high loan-to-value ratios.

About AIG United Guaranty
United Guaranty Corporation (AIG United Guaranty) and its subsidiaries are member companies of American International Group, Inc. (AIG). The company has been headquartered in Greensboro, North Carolina, since it was established in 1963. Subsidiaries of AIG United Guaranty provide mortgage guaranty insurance for first and second mortgages that protects against mortgage credit losses. With offices and operations in 18 countries, the company is a global leader in the area of mortgage insurance. In addition, AIG United Guaranty’s comprehensive range of financial products and services to lenders and investors includes private education loan default insurance and pre-purchase counseling.

About 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 in the U.S. on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

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1 AIG United Guaranty is a marketing term for United Guaranty Corporation and its subsidiaries.