St. Paul Travelers and Aon Announce New Management Liability Insurance Program for Manufacturers

Business Wire, May 17, 2005

HARTFORD, Conn. -- St. Paul Travelers (NYSE:STA) has launched a new management liability insurance program for members of the National Association of Manufacturers (NAM). The program is administered exclusively by Aon Association Services, a division of Aon's Affinity Insurance Services, Inc.

The new NAM-Sponsored Insurance Portfolio program provides affordable and much-needed management liability and crime coverage to manufacturers of all sizes. This program offers coverage to address directors' and officers' liability, employment practices and fiduciary liability, fidelity, and kidnap and ransom exposures. Qualified insureds also receive access to Risk Management PLUS Online(SM), which offers tools to help employers manage and reduce their exposure to employment-related and/or fiduciary suits.

"With affordable rates, this new program offers broad-based coverage for manufacturers both public and private," says Sharon Fine, president of Aon Association Services. "Manufacturers of all sizes will be hard pressed to find a better value elsewhere."

In particular, the new program makes it easier for manufacturers to get vital financial protection against costly litigation for claims arising from employees, shareholders, customers, clients, competitors, contractors, government entities and more. NAM members insured through the program will receive a 10 percent discount (subject to state approval).

Each year, liability claims against directors and officers of public and private manufacturers result in millions of dollars in defense costs and liability. In the current environment, where serving on a corporate board comes with increased risk, many potential candidates look to corporations to provide management-liability insurance. This NAM-sponsored program ties in with the organization's continuing campaign to improve the climate for manufacturing in the U.S.

"We encourage all manufacturers concerned about protection against costly litigation to take a closer look at the coverage available through our new program," said Paul Brodeur, vice president of the Bond unit at St. Paul Travelers.

For more information, call 800.432.7465 and ask for Paul Bondy, Aon Association Services, or complete the reply form online at www.nam-aon.com.

St. Paul Travelers is a leading provider of commercial property casualty insurance. Under the Travelers brand, the company is also the second largest underwriter of auto and homeowners insurance through independent agents. For more information, visit www.stpaultravelers.com.

Aon Corporation (NYSE:AOC; www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 48,000 professionals in its 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

Aon Association Services is a division of Affinity Insurance Services, Inc. with more than 30 years of insurance experience working with associations of all types and sizes.