Backed by the financial strength of The St. Paul, St. Paul Re provides reinsurance capacity to leading property, liability, marine, accident and health, and specialty lines insurance companies.             St. Paul Re reshapes its business in pursuit of profitability               Backed by the financial strength of The St. Paul, St. Paul Re has the ratings and reputation that place it on the list of preferred reinsurers for many major insurance companies. Working through teams of underwriters and actuaries, it provides consistent expertise to reinsurance brokers and insurance company clients. In the new, uncertain world of risk, St. Paul Re is repositioning itself to be more opportunistic and transactional. It focuses on four core areas of reinsurance where it has recorded consistently strong results over time: property catastrophe, excess-of-loss casualty, marine and finite business.