Travelers 2001 Annual Report Download - page 2

The St. Paul Companies at a Glance: 2002
Headquartered in Saint Paul, Minn., The St. Paul Companies, Inc.
provides commercial property-liability and nonlife reinsurance
products and services, and asset management services through
its subsidiary The John Nuveen Company. The St. Paul was
founded in 1853.
Commercial Lines Group
The Commercial Lines Group includes small, middle market and
large commercial business.
Small Commercial provides comprehensive property-liability
insurance for small businesses such as retail, wholesale, services,
professional offices, manufacturers and contractors.
Middle Market Commercial provides comprehensive property-
liability insurance for a wide variety of commercial enterprises in
manufacturing, distributing, retailing and property ownership in
which annual insurance costs range from $75,000 to $1 million.
Large Accounts provides insurance to larger commercial
businesses that have a willingness to share in their insurance risk
through significant deductibles and self-insured retentions.
Specialty Commercial
Specialty Commercial is composed of underwriting operations
that serve customers in specific industries, for example, banking,
technology, oil & gas, shipping and hospitality. It also offers
excess & surplus lines and catastrophe risk insurance and
includes Discover Re, serving the alternative risk transfer market.
The Financial and Professional Services operation includes
traditional professional indemnity products plus specialty
coverage for community banks and lawyers. The Technology area
offers products suited for medical technology/biotechnology,
electronics, information technology, telecommunications,
industrial electronics and specialty instruments businesses.
Public Sector Services markets insurance products to cities,
townships and special governmental districts. Marine provides
insurance related to ocean and inland waterways traffic. National
Programs targets homogeneous groups of customers in various
industries, such as hospitality and entertainment. Transportation
serves large trucking firms nationwide. Oil & Gas provides
specialized products for customers involved in the exploration
and production of oil and gas.
Surety and Construction
St. Paul Surety is the No. 1provider of surety products in North
America. The surety segment includes Afianzadora Insurgentes,
the largest surety bond underwriter in Mexico. Surety underwrites
surety bonds, which guarantee that third parties will be
indemnified against the nonperformance of contractual
obligations. Products include contract, commercial and special
risk surety bonds for diverse business sectors.
The St. Paul is the first and longest-tenured insurer to serve
the construction market. Policyholders include about 25 percent
of the largest 400 contractors operating in the United States.
Construction’s risk control services include numerous safety
training programs that capitalize on The St. Paul’s construction
expertise.
Reinsurance
St. Paul Re, The St. Paul’s reinsurance operation, underwrites
nonlife reinsurance for clients in North America, Europe,
Latin America, the Caribbean, Australia and Asia. Its customers
include leading property, liability, accident and health and
other insurance companies. Most of its business is produced
through intermediaries.
With underwriting offices in New York, London, Chicago and
Miami, and a representative office in Tokyo, St. Paul Re ranks
among the five largest U.S. reinsurers and the top 20 reinsurers
worldwide. It offers clients both “traditional” reinsurance as
well as reinsurance on a “finite risk” basis.
The John Nuveen Company
The St. Paul holds a 77 percent interest in The John Nuveen
Company. Nuveen’s core business is asset management with
a specialty focus on high-quality core equity and fixed-income
offerings for financial advisors to the affluent and high net
worth market segments, as well as a growing number of
institutional clients.
Chicago-based Nuveen is a market leader in separately managed
accounts and closed-end exchange traded funds. The firm’s
risk-managed, tax-sensitive investment expertise is also provided
in mutual funds and market-neutral portfolios. Leveraging two
well-established distribution platforms in consultative services
and syndicated products, Nuveen markets its distinctive array of
investments through registered representatives associated with
unaffiliated firms.
Nuveen is listed on the New York Stock Exchange, trading under
the symbol JNC.
The St. Paul provides equal employment opportunity to all employees and applicants for employment, free from unlawful discrimination
based on race, color, religion, gender, age, national origin, disability, veteran status, marital status, sexual orientation or any other status
or condition protected by state or federal law.