NU Online News Service, may 25, 1:15 p.m.EDT

The Insurance Industry Charitable Foundation(IICF), announced that Maurice R. "Hank" Greenberg, chairman andchief executive officer of C. V. Starr & Company, willreceive this year's Double I Award, for influence in the industryand impact in the community, at the foundation's annual dinner.

The event is to take place Dec. 8 at the Waldorf-Astoria Hotelin New York City, 5:30 p.m.-8:30 p.m. EST.

"Hank Greenberg has unprecedented influence in the industry, andhis contributions through personal philanthropy and as chair of TheStarr Foundation have had a major impact on the New York tri-statearea," said Michael P. Fujii, IICF Board Chair.

Mr. Fujii, president and CEO of Worldwide Insurance Operationsfor Endurance Specialty Holdings, Ltd. noted, "Mr. Greenbergpersonifies influence and impact, and we are pleased to have theopportunity to honour him at our benefit dinner."

Mr. Greenberg joined C. V. Starr & Company as vice presidentin 1960 and was given the additional responsibilities of presidentof American Home Assurance Company in 1962. He was elected directorof C. V. Starr & Company in 1965, and chairman and CEO in1968.

Mr. Greenberg retired as chairman and CEO of AmericanInternational Group, Inc. (AIG) in March 2005, after serving as CEOfrom 1967 until March 2005. Under his leadership, AIG became thelargest insurance company in the world. Mr. Starr founded AIG in1967.

The proceeds from the event will provide significant grants tocharities in the New York tri-state area.

According to the website, www.iicf.org, the Foundation "exists toprovide and generate support for designated charitableorganizations that help to meet critical community needs. As theFoundation grows and expands, it maintains a guiding principle ofreinvesting funds in the communities from which they are raised.Regional boards of directors and grant committees define their ownfocus areas, as well as nominate and select grant recipientsthrough a localized approach, with support and guidance from anational board of directors to ensure the highest integrity of theFoundation."

For Gala information, including ticket sales, please contact theInsurance Industry Charitable Foundation Benefit Office at212-763-8597 or [email protected]