The St. Paul Companies Names Kae Lovaas Senior Vice President in Charge of Operations for U.S. Insurance Operations.Business Editors ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--Feb. 20, 2002 The St. Paul Companies (NYSE NYSE See: New York Stock Exchange :SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management. 2. (body) SPC - Software Productivity Centre. 3. (company) SPC - Software Publishing Corporation. 4. ) announced today that Kae Lovaas, 46, has been named senior vice president in charge of operations for the company's U.S. Insurance Operations. Lovaas will report to Marita Zuraitis, executive vice president, U.S. Insurance Operations. The appointment is effective immediately. In her new role, Lovaas will oversee operations, underwriting services, regulatory services and underwriting systems for U.S. Insurance Operations. "Kae's experience in building and running our highly successful Global Technology Underwriting unit makes her an excellent choice to lead the new operations unit," said Zuraitis. "She will be working to ensure that our underwriting practices and systems corporate-wide are efficient and cost effective." Lovaas joined The St. Paul in 1982 and worked in a variety of marketing and underwriting positions. She was named vice-president, Technology Underwriting in 1993 and was promoted to president, Global Technology in 2001. Prior to joining The St. Paul, Kae held a number of marketing and underwriting positions at Aetna Casualty & Surety in Minneapolis, Minn. She is a graduate of Augsburg College, Minneapolis, and has a MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Saint Thomas, Saint Paul, Minn. The St. Paul Companies, headquartered in Saint Paul, Minn., USA, provides commercial property-liability insurance and non-life reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. worldwide. The St. Paul reported 2001 revenues from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $8.9 billion and total assets of $38.3 billion. For more information about The St. Paul and its products and services, visit the company's web site, www.stpaul.com. |
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