American International Group, Inc. (AIG) Joins ACORD

PEARL RIVER, NY, December 4 – American International Group, Inc., the leading U.S.-based international insurance and financial services organization, has joined ACORD standards developer, announced ACORD President and CEO Gregory A. Maciag.
Maciag said, "We welcome AIG to membership, and appreciate their contribution to the standards working group for the middle to large Commercial Lines market. In this time when the industry's customers are demanding more effective service and data integrity, standards must be an integral part of the Internet strategy."
"By joining ACORD, AIG and its affiliates will further improve its customer services by reducing file format errors while improving internal automated processes," said Mark Popolano, AIG's chief information officer.
ACORD's membership base increased by 20 percent in 2000, due to the industry's recognition of the need for standards to support anytime, anywhere data sharing.
AIG is the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland, and Tokyo.
For information about ACORD's Large Commercial Lines Working Group, please contact Benita Gayton, bgayton@acord.org. For information about ACORD membership, please contact Dominic Caccioppoli, dcaccioppoli@acord.org.