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 American International Group, Inc. AIG announced today that it 
 has priced the sale through an underwritten public offering of 6,381,410 
 common shares of Arch Capital Group Ltd. issued upon conversion of 
 638,141 Convertible Preferred Shares of Arch received by AIG in 
 connection with the sale of United Guaranty Corporation to Arch in 2016. 
 Closing of the offering is scheduled for June 14, 2017, and is subject 
 to customary closing conditions.
 
 
 AIG will receive gross proceeds of approximately $590 million, based 
 upon a price of $92.50 per share. In connection with the underwritten 
 public offering, AIG has granted the underwriters a 30-day option to 
 purchase an additional 957,210 common shares of Arch issuable upon 
 conversion of 95,721 additional Convertible Preferred Shares held by 
 AIG. Should the underwriters exercise their option in full, AIG would 
 receive additional proceeds of approximately $89 million and would 
 continue to own 542,420 Convertible Preferred Shares. AIG's remaining 
 stake is subject to a lock-up that will expire on January 15, 2018.
 
 
 Arch has previously filed a shelf registration statement with the SEC 
 for the underwritten offering to which this communication relates. 
 Investors should read the accompanying prospectus, the preliminary 
 prospectus supplement and other documents Arch has filed with the SEC 
 for more complete information about Arch and this offering. These 
 documents may be obtained for free by visiting the SEC&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=51572157&amp;newsitemid=20170609005324&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=93adc284dfb85c23f979ce7f5b24a454" rel="nofollow" rel="nofollow">www.sec.gov</a>.
 
 
 Alternatively, copies of the preliminary prospectus supplement, the 
 final prospectus supplement, when available, and accompanying base 
 prospectus relating to the offering may be obtained from: Barclays 
 Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island 
 Avenue, Edgewood, NY 11717, <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:Barclaysprospectus@broadridge.com" rel="nofollow" rel="nofollow">Barclaysprospectus@broadridge.com</a>, 
 (888) 603-5847 or Wells Fargo Securities, LLC, Attention: Equity 
 Syndicate Department, 375 Park Avenue, New York, New York, 10152, at 
 (800) 326-5897 or email a request to <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:cmclientsupport@wellsfargo.com" rel="nofollow" rel="nofollow">cmclientsupport@wellsfargo.com</a>.
 
 
 This press release contains "forward-looking statements" within the 
 meaning of the Private Securities Litigation Reform Act of 1995. These 
 forward-looking statements, including the closing of the transaction 
 described herein, are not historical facts but instead represent only 
 AIG's belief regarding future events, many of which, by their nature, 
 are inherently uncertain and outside AIG's control. Except for AIG's 
 ongoing obligation to disclose material information as required by 
 federal securities laws, AIG is not under any obligation (and expressly 
 disclaims any obligation) to update or alter any forward-looking 
 statements, whether written or oral, that may be made from time to time, 
 whether as a result of new information, future events or otherwise. 
 Factors that could cause AIG's actual results to differ, possibly 
 materially, from any forward-looking statements include the factors set 
 forth in AIG's filings with the United States Securities and Exchange 
 Commission.
 
 
 American International Group, Inc. (AIG) is a leading global insurance 
 organization. Founded in 1919, today AIG member companies provide a wide 
 range of property casualty insurance, life insurance, retirement 
 products, and other financial services to customers in more than 80 
 countries and jurisdictions. These diverse offerings include products 
 and services that help businesses and individuals protect their assets, 
 manage risks and provide for retirement security. AIG's core businesses 
 include Commercial Insurance and Consumer Insurance, as well as Other 
 Operations. Commercial Insurance comprises two modules – Liability and 
 Financial Lines, and Property and Special Risks. Consumer Insurance 
 comprises four modules – Individual Retirement, Group Retirement, Life 
 Insurance and Personal Insurance. AIG common stock is listed on the New 
 York Stock Exchange and the Tokyo Stock Exchange.
 
 
 Additional information about AIG can be found at <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aig.com&amp;esheet=51572157&amp;newsitemid=20170609005324&amp;lan=en-US&amp;anchor=www.aig.com&amp;index=2&amp;md5=71fb1005742f305f8124eac6037198e2" rel="nofollow" rel="nofollow">www.aig.com</a> 
 and <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aig.com%2Fstrategyupdate&amp;esheet=51572157&amp;newsitemid=20170609005324&amp;lan=en-US&amp;anchor=www.aig.com%2Fstrategyupdate&amp;index=3&amp;md5=eff0426031dfb4a8ead2d82f25e6b22a" rel="nofollow" rel="nofollow">www.aig.com/strategyupdate</a> 
 | YouTube: <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Faig&amp;esheet=51572157&amp;newsitemid=20170609005324&amp;lan=en-US&amp;anchor=www.youtube.com%2Faig&amp;index=4&amp;md5=d498d1dac46532b3f9e226eca48b2c85" rel="nofollow" rel="nofollow">www.youtube.com/aig</a> 
 | Twitter: @AIGinsurance <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.twitter.com%2FAIGinsurance&amp;esheet=51572157&amp;newsitemid=20170609005324&amp;lan=en-US&amp;anchor=www.twitter.com%2FAIGinsurance&amp;index=5&amp;md5=98a41fb3ec4359b2fb4becf6f76c6e93" rel="nofollow" rel="nofollow">www.twitter.com/AIGinsurance</a> 
 | LinkedIn: <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Faig&amp;esheet=51572157&amp;newsitemid=20170609005324&amp;lan=en-US&amp;anchor=www.linkedin.com%2Fcompany%2Faig&amp;index=6&amp;md5=a28957a57e49a8a98254ced070253971" rel="nofollow" rel="nofollow">www.linkedin.com/company/aig</a>. 
 These references with additional information about AIG have been 
 provided as a convenience, and the information contained on such 
 websites is not incorporated by reference into this press release.
 
 
 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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aig.com&amp;esheet=51572157&amp;newsitemid=20170609005324&amp;lan=en-US&amp;anchor=www.aig.com&amp;index=7&amp;md5=7e083a7e4f69cb420b4cae2cd5e2222a" rel="nofollow" rel="nofollow">www.aig.com</a>. 
 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.
 
 
 
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AIG Announces Pricing of the Sale of Common Shares of Arch Capital Group Ltd. - American Intl Gr (NYSE:AIG)

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