The St. Paul Companies Launches Professional Liability Product

May 10, 2002

The St. Paul companies has introduced St. Paul SelectOne(SM) for Investment Advisers, a professional liability product designed to help protect investment advisers from the risks associated with providing services to their clients.

St. Paul SelectOne(SM) is tailored to meet the needs of the investment management industry. The new product includes coverages such as professional liability, directors & officers liability, employment practices liability, fiduciary liability, mutual fund professional liability and private investment fund general partnership liability. The coverages offer protection from exposures such as breach of fiduciary duty, prospectus liability and mismanagement of funds.

In addition to one policy, St. Paul SelectOne(SM) policyholders receive specialized services from local underwriters and claim specialists.

St. Paul SelectOne(SM) will be filed in all 50 states.

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