Our Major Insurance Carriers

AIG

AIG (American International Group) is the world's leading international insurance and financial services organization, with operations in approximately 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance, and AIG American General is a top-ranked life insurer, AIG's global businesses also include financial services, retirement savings and asset management. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

Travelers

For more than 135 years, Travelers has been a leading provider of a full range of insurance products. We are a principal source of homeowners and auto insurance for consumers, while also providing a broad range of insurance for commercial markets, including workers' compensation integrated disability, property, liability, specialty lines, surety bonds, inland/ocean marine, and boiler and machinery.

Chubb

In the spring of 1882, Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City. Having collected $1,000 from each of 100 prominent merchants to start their venture, they focused on insuring ships and cargoes. The Chubbs were adept at turning risk into success, The original logo of Chubb & Son portrayed a clipper ship, the sea, and a strong rope to secure them in a circle of protection. often by helping their policyholders prevent disasters in the first place. By the turn of the century, Chubb had established strong relationships with the insurance agents and brokers who placed their clients with Chubb underwriters, and the original subscribers enjoyed a substantial return on their investment in the young company.

Chubb & Son did not value size in itself but regarded it as a measure of what had been achieved. Upon the Company's 75th anniversary in 1957, Hendon Chubb — who had joined his older brother Percy in the firm in 1895 — noted, "I think there is perhaps a tendency in American business to over emphasize mere size, whereas to me it should be a by-product of a job well done."

"Never compromise with integrity," also a Hendon Chubb principle, captures the spirit of our organization. Each member of the Chubb organization seeks to stand apart in bringing quality, fairness and integrity to each transaction, for the benefit of all involved.

The Chubb Corporation was formed in 1967 and was listed on the New York Stock Exchange in 1984. It ranks among the top 10 publicly traded insurance organizations based on revenues in the United States.

With more than 10,000 employees throughout North America, Europe, South America, and the Pacific Rim, Chubb serves property and casualty customers from more than 130 offices in 31 countries. Chubb works closely with 5,000 independent agents and brokers worldwide.

CNA

CNA is a global insurance organization serving businesses and individuals with a broad range of insurance products and insurance-related services. We are the fourth largest commercial insurer in the U.S., and the 40th largest life insurer. Since 1897, we have built on our foundation of financial strength, stability and commitment to our customers to become one of the premier insurance organizations in the world.

At CNA, we take pride in responding to the needs and concerns of our customers, and we judge ourselves by the quality products and customer service we deliver. We understand what moves people in business and in life, and we use this knowledge to stay in touch with your world.

Our financial strength is reflected in revenues of $13.2 billion, assets of $66 billion and stockholders' equity of $8.4 billion at year-end 2001. CNA Financial Corporation stock is traded on the New York Stock Exchange, and is approximately 89% owned by Loews Corporation.

Fireman's Fund Insurance Company®

Fireman's Fund Insurance Company® began in 1863, in San Francisco, and our name reflects our colorful beginnings — we were named for an arrangement in which we paid 10 percent of our profits to widows and orphans of firefighters.

By 1868, we were operating nationwide. Within eight years, we could meet the massive obligations arising from the Great Chicago Fire. Within 50 years we survived the 1906 San Francisco earthquake and fire. The Fund, even in 1906, had a reputation for honesty and fair play. We were one of the few insurance companies that financially survived the disaster and ultimately settled all claims through an innovative agreement by which we paid claimants in cash and shares of stock.

Fireman's Fund grew during the first half of the 20th century, pioneering new insurance coverage in the automobile marketplace and film industries. In fact, Fireman's Fund is the leading insurer in Hollywood, underwriting movies from the early silent classics to today's most popular Oscar-winning films.

In 1991, Fireman's Fund moved from being a publicly held company to ownership by Allianz AG of Munich, Germany, one of the largest property and casualty insurers in the world. Fireman's Fund was a good fit for Allianz because both companies value financial strength, traditional values and a philosophy that honors loyalty and service to our customers.

Allianz is one of the largest property-casualty insurers in the world. As of December 31, 2002, Fireman's Fund has assets of $12.4 billion — with more than $2.2 billion in policyholder surplus.

Since our acquisition by Allianz in 1991, Fireman's Fund's gross written premiums have grown from just over $3 billion in 1992 to almost $4.3 billion for 2002.

Fireman's Fund works to provide business and personal insurance and to bring customers the highest caliber of claims service. We offer state-of-the-art insurance products and continuously explore new products and possibilities. We are pioneers in the development of special events coverage and have insured high-profile events and dozens of sports franchises.

Along with standard insurance coverages, Fireman's Fund has developed unique specialized products like wedding cancellation and hole-in-one coverage, while remaining highly competitive in other areas such as upscale homeowners insurance and commercial insurance.

The St. Paul Companies

Commercial Lines Group

The Commercial Lines Group includes small, middle market and large commercial business. Small Commercial provides comprehensive property-liability insurance for small businesses such as retail, wholesale, services, professional offices, manufacturers and contractors. Middle Market Commercial provides comprehensive property/liability insurance for a wide variety of commercial enterprises in manufacturing, distributing, retailing and property ownership in which annual insurance costs range from $75,000 to $1 million. Large Accounts provides insurance to larger commercial businesses that have a willingness to share in their insurance risk through significant deductibles and self-insured retentions.

Specialty Commercial

Specialty Commercial is composed of underwriting operations that serve customers in specific industries, for example, banking, technology, oil & gas, shipping and hospitality. It also offers excess & surplus lines and catastrophe risk insurance and includes Discover Re, serving the alternative risk transfer market. The Financial and Professional Services operation includes traditional professional indemnity products plus specialty coverage for community banks and lawyers. The Technology area offers products suited for medical technology/biotechnology, electronics, information technology, telecommunications, industrial electronics and specialty instruments businesses. Public Sector Services markets insurance products to cities, townships and special governmental districts. Marine provides insurance related to ocean and inland waterways traffic. National Programs targets homogeneous groups of customers in various industries, such as hospitality and entertainment. Transportation serves large trucking firms nationwide. Oil & Gas provides specialized products for customers involved in the exploration and production of oil and gas.

Surety and Construction

St. Paul Surety is the No. 1 provider of surety products in North America. The surety segment includes Afianzadora Insurgentes, the largest surety bond underwriter in Mexico. Surety underwrites surety bonds, which guarantee that third parties will be indemnified against the nonperformance of contractual obligations. Products include contract, commercial and special risk surety bonds for diverse business sectors. The St. Paul is the first and longest-tenured insurer to serve the construction market. Policyholders include about 25 percent of the largest 400 contractors operating in the United States. Construction's risk control services include numerous safety-training programs that capitalize on The St. Paul's construction expertise.

Nuveen Investments

The St. Paul holds a 79 percent interest in Nuveen Investments. Nuveen's core business is asset management with a specialty focus on high-quality core equity and fixed-income offerings for financial advisors to the affluent and high net worth market segments, as well as a growing number of institutional clients. Chicago-based Nuveen is a market leader in separately managed accounts and closed-end exchange traded funds. The firm's risk-managed, tax-sensitive investment expertise is also provided in mutual funds and market-neutral portfolios. Leveraging two well-established distribution platforms in consultative services and syndicated products, Nuveen markets its distinctive array of investments through registered representatives associated with unaffiliated firms. Nuveen is listed on the New York Stock Exchange, trading under the symbol JNC.