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To: Ibexx who wrote (104803)	9/14/2001 11:53:21 PM
From: Ibexx	Respond to of 152472

Friday September 14, 8:00 pm Eastern Time AIG board approves purchase of another 40 mln shrs NEW YORK, Sept 14 (Reuters) - American International Group (NYSE:AIG - news) on Friday said its board authorized the purchase of up to 40 million of its common shares, in addition to the 10 million shares it had earlier approved. The insurance and financial services company has about 2.62 billion shares outstanding, according to Standard & Poor's data. AIG, the No. 1 U.S. insurer of businesses, on Thursday said preliminary estimates called for net pretax losses of about $500 million as a result of Tuesday's attacks that demolished New York's World Trade Center. ``Although AIG's property insurance coverages on the World Trade Center complex are minor, as the world's largest commercial insurer, we expect to receive claims from many insureds across a wide range of coverages,'' the company's Chairman M.R. Greenberg said in a statement. He said the expected losses would not impact the company's financial condition. Ibexx