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AIG and The Carlyle Group Announce Completion of Carlyle's 19.9 Percent Investment in Fortitude Re

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Fortitude Re Launches Brand

American International Group, Inc. (NYSE:AIG) and The Carlyle Group
(NASDAQ:CG) announced today that Carlyle completed its acquisition of a
19.9% stake in Fortitude Group Holdings, LLC, whose group companies
operate as Fortitude Re (formerly DSA Re). The transaction was first announced
on August 1, 2018
, and closed following receipt of regulatory
approvals and satisfaction of other customary closing conditions.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20181114005478/en/

Fortitude Re's new name represents the company's focus on and expertise
in managing long-dated, complex risks. Fortitude Re has also launched
its website, http://www.Fortitude-re.com,
which provides more information about the organization and its
leadership.

James Bracken, Chief Executive Officer of Fortitude Re, said, "We are
hard at work building Fortitude Re for long-term success. The closing of
Carlyle's investment and brand launch are two key milestones on that
journey."

Brian Schreiber, Managing Director and Co-Head of Carlyle Global
Financial Services Partners, said, "We look forward to working with our
partners at AIG and Fortitude Re to grow the business and extend
Carlyle's asset management platform."

About AIG

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 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: @AIGinsurance www.twitter.com/AIGinsurance
| LinkedIn: www.linkedin.com/company/aig.
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 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.

About The Carlyle Group

The Carlyle Group (NASDAQ:CG) is a global alternative asset manager
with $212 billion of assets under management across 339 investment
vehicles as of September 30, 2018. Carlyle's purpose is to invest wisely
and create value on behalf of its investors, many of whom are public
pensions. Carlyle invests across four segments – Corporate Private
Equity, Real Assets, Global Credit and Investment Solutions – in Africa,
Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer & retail, energy,
financial services, healthcare, industrial, real estate, technology &
business services, telecommunications & media and transportation. The
Carlyle Group employs more than 1,625 people in 31 offices across six
continents.

AIG Forward-Looking Statements

Certain statements in this press release constitute forward-looking
statements. These statements 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. It is
possible that actual results will differ, possibly materially, from the
anticipated results indicated in these statements. Factors that could
cause actual results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG's periodic
filings with the SEC pursuant to the Securities Exchange Act of 1934.

The Carlyle Group Forward-Looking Statements

This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. These statements include, but are
not limited to, statements related to our expectations regarding the
performance of our business, our financial results, our liquidity and
capital resources, contingencies, our distribution policy, and other
non-historical statements. Such forward-looking statements are subject
to various risks, uncertainties, assumptions and other important factors
that could cause actual outcomes or results to differ materially from
those indicated in these statements including, but not limited to, those
described under the section entitled "Risk Factors" in our most recent
Annual Report on Form 10-K filed with the SEC, as such factors may be
updated from time to time in our periodic filings with the SEC, which
are accessible on the SEC's website at www.sec.gov.
We undertake no obligation to publicly update or review any
forward-looking statements, whether as a result of new information,
future developments or otherwise, except as required by applicable law.

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