AIG Launches New Distribution Channel for Space-Related Risks

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (AIG) announced today that it has appointed Castor Aerospace LLC as its new program administrator for space-related risks. This appointment provides a new distribution channel for satellite operators, manufacturers, launch service providers, owners, end-users & financiers that require access to comprehensive space-related insurance solutions including traditional satellite launch and in-orbit coverages.

This new distribution channel will provide clients with access to the necessary coverage options which are needed to address their growing space-related exposures.


"The space industry continues to grow at a rapid pace and AIG understands how important it is to respond to market growth and opportunities. This new distribution channel for space-related risks allows us to expand our aerospace product suite and provide access to comprehensive space insurance solutions that meet our clients' needs," states Jeff Moitozo, Division Executive, Aerospace, U.S. and Canada, AIG.

For more details, please send an email to aerospacemarketing@aig.com; or visit our website at: www.aig.com/aerospace. For more information on Castor Aerospace, visit their website at www.castor-aero.com.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries.. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIG_LatestNews | LinkedIn: http://www.linkedin.com/company/aig

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.



AIG
Matt Gallagher, 212-458-3247
matthew.gallagher2@aig.com

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