Travelers 2001 Annual Report Download - page 11

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The St. Paul Companies 2001 Annual Report 9
The St. Paul is No. 1in surety and construction
As the No. 1provider of contract surety products in North America and the largest provider of construction insurance in the United
States, The St. Paul is uniquely positioned to offer its policyholders, agents and brokers an unmatched combination of experience,
service and expertise. Contract surety products provide bid, performance, and payment bonds to a broad spectrum of clients specializing
in general contracting, construction and engineering.
In 2001, The St. Paul formed the Surety and Construction Group, reflecting the strong growth of The St. Paul’s construction
insurance business and the continuing expansion of its surety operations. Among insurance providers, The St. Paul has an innovative
structure that links surety and construction insurance under the same management. This structure allows The St. Paul to capitalize
on its superior team of surety and construction experts, from underwriters and claim specialists to risk control professionals.
The number of surety providers continues to decline, reducing capacity within the marketplace. Amid this decline, The St. Paul’s
ability to remain a stable and reliable partner in contract surety and construction has not changed. The St. Paul’s financial strength,
reliability, strong customer relationships and commitment to service will help the company maintain and enhance its leadership role
within this industry for years to come.
Surety and Construction is a leading provider of
contract surety bonds and construction insurance
products, offering seamless service and unmatched
expertise for policyholders, agents and brokers.