Promotions at The St. Paul Companies

Strategic Insights -

Greg Krause, a 38-year veteran of The St. Paul Companies, has been named marketing vice president of St. Paul Fire and Marine Insurance's Professional Markets division, overseeing the insurance needs of public entities, financial institutions, lawyers, real estate, and insurance agents. Jim Adams, Ed Lambert, and Ed Pendergast have also been promoted to senior vice presidents of The St. Paul Fire and Marine, the nation's eighth-largest insurance company. Pendergast will manage a $22 billion portfolio and oversee corporate liquidity, while Lambert will be responsible for $1.8 billion in domestic and international common stocks. Adams will manage a portfolio of commercial property investments.

Key Takeaways:

  • Greg Krause, a 38-year veteran, was promoted to marketing vice president of St. Paul Fire and Marine Insurance's Professional Markets division.
  • Jim Adams was named senior vice president of The St. Paul Company's real-estate operation, managing a portfolio of commercial property investments.
  • Ed Lambert was promoted to senior vice president of Equity Investments, responsible for $1.8 billion of domestic and international common stocks.
  • Ed Pendergast was named senior vice president of the Fixed Income division, managing a $22 billion portfolio that represents 81 percent of The St. Paul's invested assets.
  • The promotions occurred in The St. Paul Companies, the nation's eighth-largest insurance company.
  • Pendergast joined The St. Paul in 1977 and has served in various roles, including vice president of fixed income and director of Seaboard Surety.
  • Lambert has been with the firm since 1969, serving in various positions including investment analyst, investment officer, and vice president.
  • Adams has held various management positions in St. Paul Oil and Gas Corp. and St. Paul Properties and Property Investments.

Statistics:

  • 38 years: Gus Krause's tenure at The St. Paul Companies
  • $1.8 billion: Value of domestic and international common stocks managed by Ed Lambert
  • $22 billion: Value of portfolio managed by Ed Pendergast
  • 81 percent: Percentage of invested assets represented by Pendergast's portfolio
  • 1977: Year Ed Pendergast joined The St. Paul Companies
  • 1969: Year Ed Lambert joined The St. Paul Companies
  • 1983: Year Jim Adams joined The St. Paul Companies
  • 1980: Year Greg Krause joined The St. Paul Companies

Sources:

  • The St. Paul Companies