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.
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Surety
and Construction
St. Paul Surety is the No. 1 provider 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. Constructions
risk control services include numerous safety training programs that
capitalize on The St. Pauls construction expertise.
Reinsurance
St. Paul Re, The St. Pauls 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.
Nuveens 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 firms 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. |