St. Paul Travelers Launches Coverage for Foreign Exposures

April 24, 2006

Minnesota-based St. Paul Travelers has announced it has expanded its ability to provide worldwide commercial property coverage for companies with international operations.

A new initiative between St. Paul Travelers’ National Property and Global Accounts units enhances domestic and international property coverage by providing insurance protection under a single form.

The combined approach to global property coverage reduces potential coverage gaps and capitalizes on St. Paul Travelers’ ability to provide locally-admitted commercial property coverage wherever customers do business, according to the company’s written statement.

“Offering seamless property coverage protection is our response to the unique property challenges multinational businesses face,” said Bonnie Preston, vice president of Global Accounts for St. Paul Travelers. “By combining St. Paul Travelers’ global underwriting talent, our historic expertise in writing property insurance, and our worldwide claims and risk control services, we can customize solutions to meet each company’s need for comprehensive commercial property coverage.”

St. Paul Travelers identifies itself as the second largest property insurer in the United States and a leading provider of commercial property and casualty insurance. For more information, visit www.stpaultravelers.com.

Source: St. Paul Travelers

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