St. Paul Acquires London Guarantee

The St. Paul Companies, a Minnesota-based global commercial property-liability insurance and non-life reinsurance company, through a wholly owned Canadian subsidiary, acquired London Guarantee Insurance Company and its related affiliates. St. Paul acquired Toronto-based London Guarantee, a Canadian leader in the surety and professional indemnity business, from an affiliate of The Great-West Life Assurance Company and a minority group of individuals on March 21, 2002 for $125 million.

St. Paul was represented by in-house counsel Kathleen Chagnon and Pam Aufderhar; Filomena Frisina (corporate and regulatory), Karyn Bradley, Stephen McKersie and Linda Kwak (corporate), Maralynne Monteith and Gloria Geddes (tax), Donald Ross (insurance), Bill VanVeen (competition), Catherine Pawluch (Investment Canada), Katherine Latimer (real estate) and Keith Fairbairn (employment) of Gowling Lafleur Henderson LLP; and Joseph Frumkin and Scott Sonnenblick of Sullivan & Cromwell.

Great-West was represented by in-house counsel Doug Berberich, and by Blair Keefe, Christopher Fowles and Rebecca Brackley of Torys LLP. The minority group of individuals was represented by Brian Kelsall of McCarthy T├ętrault LLP.