PHILADELPHIA--(BUSINESS WIRE)--April 18, 2005--St. Paul Travelers
(NYSE:STA) announces the formation of a National Programs business
unit in Canada to offer tailored property and casualty insurance
products to groups of commercial businesses that have similar
characteristics or that are part of an association or affinity group.
The new unit is based in Toronto and focuses on programs that service
small to mid-size mainstream commercial businesses. The announcement
was made today at the Risk and Insurance Management Society, Inc.
(RIMS) conference.
"Our U.S.-based national programs business has been extremely
successful, and we're hoping to duplicate this success within our
Canadian operations," said Rick Smith, president of Global
Underwriting for St. Paul Travelers. "Our current program underwriting
expertise combined with our specialized claim and risk control
services give us a distinct competitive advantage. We know how to
write this business and we're ready to expand into the Canadian
marketplace."
The new business unit can provide customized insurance packages as
well as risk control and claims services for businesses in a variety
of industries. Advantages of the new unit include:
-- An experienced team of program experts dedicated to commercial
programs;
-- Customized risk control products and services;
-- Customized claims handling;
-- Tailored insurance packages to meet the needs of specific
industry groups.
For more information on the Canadian National Programs Unit,
including eligibility criteria, visit the St. Paul TravelersCanada
Web site at www.stpaulinsurance.ca/.
St. Paul Travelers is a leading provider of property casualty
insurance and asset management services. For more information, visit
www.stpaultravelers.com.
CONTACT: St. Paul Travelers
Media:
Andrea Wood, 651-310-6440
or
National Programs Canada:
Robert Reid, 416-642-3714
email: rreid@stpaultravelers.com
SOURCE: St. Paul Travelers