Travelers 2003 Annual Report Download - page 8

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6
St. Paul Travelers At A Glance
On April 1, 2004, Travelers Property Casualty merged with a subsidiary of The St. Paul Companies
to form St. Paul Travelers. The merged company offers a wide variety of insurance and surety
products, as well as risk management services, to numerous types of businesses, organizations
and individuals. Our products are distributed primarily through U.S. independent insurance agents
and brokers.
St. Paul Travelers is organized into the following major businesses:
Commercial Lines
Commercial Lines offers a broad array of property and casualty insurance and insurance-related
services to its clients, which range from small “main street” businesses to Fortune 100
corporations. Commercial Lines is organized into marketing and underwriting groups with a
specialized focus on a particular market or product. These groups include Select Accounts, which
markets packaged property and casualty coverages to small- to mid-sized businesses; Commercial
Accounts, which markets tailored insurance products and services to mid-sized businesses; and
National Accounts, which markets insurance and risk management services to large companies
and also provides claims administration for state-mandated workers’ compensation pools. In
addition, specialized units are dedicated to underwriting large property schedules and coverages
marketed to national associations, and to serving the needs of the inland marine, agriculture,
commercial trucking, and boiler and machinery markets.
Specialty Commercial
Specialty Commercial includes a number of marketing groups that meet the needs of markets
requiring dedicated expertise or specialized coverages. Business units focus on providing surety,
executive liability, crime, catastrophe risk, and umbrella and excess liability products to businesses
and non-profit entities of all types and sizes. Other units focus on meeting the coverage needs of
industries including construction, financial and professional services, technology, ocean marine, and
oil and gas, and the public sector market. This business also includes our specialty international
operations in the U.K., Ireland and Canada and our operations at Lloyd’s.
Personal Lines
Personal Lines offers a broad array of property and casualty insurance products to individual
customers under the Travelers and four subsidiary company brands. Personal Lines products include
automobile, homeowners and other personal coverages including tenant, condominium, boat, yacht,
umbrella and valuable items coverage. Personal Lines products are distributed primarily through a
network of more than 10,000 independent agents, as well as through sponsoring organizations such
as employee and affinity groups and joint marketing arrangements.
Nuveen Investments
St. Paul Travelers holds a 79 percent majority interest in Nuveen Investments Inc., which provides
high-quality investment services that contribute to building well-diversified, core investment
portfolios. Nuveen serves financial advisors and their high-net-worth clients, as well as a growing
number of institutional clients. Nuveen Investments is listed on The New York Stock Exchange and
trades under the symbol “JNC.”