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Debevoise advises AIG and AIA in agreement with the Federal Reserve Bank of New York

New York – June 25, 2009 – LawFuel.com – Debevoise & Plimpton LLP is advising American International Group, Inc. (AIG) and American International Assurance Company, Ltd. (AIA) in connection with AIG’s agreement with the Federal Reserve Bank of New York (FRBNY) that will accomplish two key goals: reducing the debt AIG owes the FRBNY by $25 billion; and positioning two of the company’s leading international life insurance franchises, AIA and American Life Insurance Company Inc. (ALICO), for initial public offerings, depending on market conditions and subject to regulatory approval.

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. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.

The Debevoise team is led by partners John M. Vasily and Edward Drew Dutton.

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