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EXHIBIT 21
Subsidiaries of The St. Paul Companies, Inc. State or
-------------------------------------------- Other
Jurisdiction of
Name Incorporation
---- -------------
(1) St. Paul Fire and Marine Insurance Company Minnesota
Subsidiaries:
(i) St. Paul Mercury Insurance Co. Minnesota
(ii) St. Paul Guardian Insurance Co. Minnesota
(iii) The St. Paul Insurance Co. Texas
(iv) The St. Paul Insurance Co. of Illinois Illinois
(v) St. Paul Fire and Casualty Insurance Co. Wisconsin
(vi) St. Paul Indemnity Insurance Co. Indiana
(vii) St. Paul Property and Casualty Insurance Co. Nebraska
(viii) St. Paul Lloyds Holdings, Inc. Texas
(ix) St. Paul Management Services, Inc. Minnesota
(x) Seaboard Surety Company New York
Subsidiaries:
(a) Northern Indemnity, Inc. Canada
(xi) St. Paul Insurance Co. of North Dakota North Dakota
(xii) St. Paul Specialty Underwriting, Inc. Delaware
Subsidiaries:
(a) St. Paul Surplus Lines Insurance Co. Delaware
(b) Athena Assurance Co. Minnesota
(c) St. Paul Medical Liability Insurance Co. Minnesota
(d) St. Paul Risk Services, Inc. Minnesota
(xiii) Northbrook Holdings, Inc. Delaware
Subsidiaries:
(a) Discover Property & Casualty Insurance Co. Illinois
(b) Northbrook Property and Casualty
Insurance Co. Illinois
(xiv) St. Paul Venture Capital IV, L.L.C. Delaware
(xv) St. Paul Venture Capital V, L.L.C. Delaware
(xvi) St. Paul Properties, Inc. Delaware
Subsidiaries:
(a) St. Paul Interchange, Inc. Minnesota
(b) 350 Market Street, Inc. Minnesota
(xvii) United States Fidelity and Guaranty Co. Maryland
Subsidiaries:
(a) Fidelity and Guaranty Insurance
Underwriters, Inc. Wisconsin
(b) Fidelity and Guaranty Insurance Co. Iowa
(c) USF&G Insurance Company of Mississippi Mississippi
(d) USF&G Insurance Company of Wisconsin Wisconsin
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(e) Discover Specialty Insurance Company Illinois
(f) USF&G Specialty Insurance Co. Maryland
(g) USF&G Business Insurance Co. Maryland
(h) USF&G Family Insurance Co. Maryland
(i) GeoVera Insurance Co. Maryland
(j) Inner Harbor Reinsurance, Inc. Maryland
(k) The Del Mar Co. Delaware
(l) USF&G Small Business Insurance Co. Maryland
(m) USF&G Pacific Insurance Co. Maryland
(n) USF&G West Insurance Co. Maryland
(o) USF&G Founder's Insurance Co. Maryland
(p) Charter House Underwriters, Inc. Maryland
(q) Afianzadora Insurgentes, S.A. De C.V. Mexico
(r) F&G Specialty Insurance Services, Inc. California
(s) IMG Holding Company, Inc. Maryland
Subsidiary:
(i) USF&G Realty Advisors, Inc. Delaware
(t) Discover Re Managers, Inc. Delaware
Subsidiary:
(i) Discovery Reinsurance Co. Indiana
(ii) Discovery Managers, Ltd. Indiana
(u) THI Holdings (Delaware), Inc. Delaware
Subsidiaries:
(i) Titan Holdings Service Corp. Texas
(ii) Titan Indemnity Company Texas
(iii) Victoria Financial Corp. Delaware
(xviii) Fidelity and Guaranty Life Insurance Co. Maryland
Subsidiary:
(a) Thomas Jefferson Life Insurance Co. New York
(xix) USF&G Realty, Inc. Delaware
(2) The John Nuveen Company* Delaware
Subsidiaries:
(i) John Nuveen & Co. Incorporated Delaware
Subsidiaries:
(a) Nuveen Advisory Corp. Delaware
(b) Nuveen Institutional Advisory Corp. Delaware
(ii) Nuveen Asset Management, Inc. Delaware
(iii) Rittenhouse Financial Services, Inc. Delaware
(iv) Nuveen Senior Loan Asset Management, Inc. Delaware
(3) St. Paul Re, Inc. New York
(4) Camperdown Corporation Delaware
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(5) St. Paul Capital L.L.C. Delaware
(6) St. Paul Venture Capital, Inc. Delaware
(7) St. Paul London Properties, Inc. Minnesota
(8) St. Paul London Investments, Inc. Minnesota
(9) St. Paul Multinational Holdings, Inc. Delaware
Subsidiaries:
(i) St. Paul Insurance Company (S.A.) Limited South Africa
(ii) Seguros St. Paul de Mexico, S.A. de C.V. Mexico
(iii) Botswana Insurance Company Limited Botswana
(iv) St. Paul Argentina Compania De Seguros S.A. Argentina
(10) St. Paul Bermuda Holdings, Inc. Delaware
Subsidiaries:
(i) St. Paul (Bermuda), Ltd. Bermuda
(ii) St. Paul Re (Bermuda), Ltd. Bermuda
(iii) F&G International Insurance, Ltd. Bermuda
(iv) Bosworth Insurance Co., Ltd. Bermuda
(11) St. Paul Holdings Limited United Kingdom
Subsidiaries:
(i) St. Paul Reinsurance Company
Limited United Kingdom
(ii) St. Paul International Insurance
Company Limited United Kingdom
(iii) St. Paul Insurance Espana Seguros
Y Reaseguros, S.A. Spain
(iv) Camperdown UK Limited United Kingdom
(v) New World Insurance Company Ltd. Guernsey
(vi) Lesotho National Insurance
Holdings Limited Lesotho
(vii) St. Paul Syndicate Holdings, Ltd. United Kingdom
Subsidiary:
(i) F&G Overseas, Ltd. Cayman Islands
(12) USF&G Financial Services Corporation. Maryland
(13) St. George Reinsurance, Ltd. B.W. Indies
(14) Mountain Ridge Insurance Co. Vermont
(15) Captiva, Ltd. Bermuda
*The John Nuveen Company is a majority-owned subsidiary jointly owned
by The St. Paul, which holds a 66% interest, and Fire and Marine,
which holds a 13% interest. The remaining 21% is publicly held.
