AIG Launches New Distribution Channel for Space-Related Risks

  AIG Launches New Distribution Channel for Space-Related Risks

Business Wire

NEW YORK -- April 8, 2013

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; or visit
our website at: For more information on Castor
Aerospace, visit their website at

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 | YouTube: | Twitter: @AIG_LatestNews | LinkedIn:

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 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.


Matt Gallagher, 212-458-3247
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