Jay Fishman, chairman and CEO of The St. Paul Companies announced that Robert J. Lamendola was promoted to executive vice president. Lamendola will continue to serve as president of The St. Paul’s Global Surety and Construction Group, a business with nearly $1 billion in annual net written premiums, based in Baltimore, Md.
“Bob has been an exceptional leader of The St. Paul’s Global Surety and Construction Group, and has built the company’s surety business to its place as the No. 1 surety provider in North America,” said Fishman. “His skills and expertise are great assets to the company’s executive management team.”
Lamendola, 57, joined The St. Paul in 1998 as a result of the company’s merger with USF&G, where he had worked since 1992, and was instrumental in building the company’s surety operation. The St. Paul’s Surety business now includes operations in 10 countries and affiliations with numerous insurance partners worldwide.
Earlier this year, Lamendola oversaw the formation of The St. Paul’s Global Surety and Construction Group, which reflected the synergies between the strong growth in The St. Paul’s construction insurance business and the continuing global expansion of the company’s surety operations. The nearly $1 billion in annual net written premiums represents about 15 percent of the company’s total annual net written premiums.
Topics Construction
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