AIG United Guaranty Supports New Canadian Guarantee Provisions Set By the Department of Finance

    TORONTO, July 18 /CNW/ - Canada's second-largest private mortgage
insurer, AIG United Guaranty Canada, confirmed today that it supports the new
policy provisions announced by the Department of Finance for loans that are
default insured under the Government of Canada Guarantee.
    "We view this as a prudent approach taken by the government to support
the long-term health and sustainability of the Canadian housing market," said
Andy Charles, president of AIG United Guaranty Canada. "We support this
direction and will amend our product line-up to reflect the new policy set out
by the Department of Finance, commencing October 15, 2008, for all government
guarantee mortgage insured loans."
    AIG United Guaranty Canada has established a strong presence in the
Canadian mortgage market since beginning operations in November 2006. With a
customer base of more than 30 lending partners, the company will continue to
work with its partners and mortgage professionals to develop solutions for the
Canadian housing market.

    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

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

For further information:

For further information: Brian Bell, (416) 640-8933

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