St Paul has paid out £10m compensation to victims of the Paddington rail crash, including a payment of £750,000 to the family of one of the victims.
The insurer covers Thames Trains which, along with Railtrack, was found to blame for the accident in October 1999.
St Paul's marketing manager, Peter Elliott, said it was dealing with around 500 claims for death or injuries. He said the majority of these had been settled in full but, in more complex cases, only interim payments had been made. He was not able to say what the final payout would be.
Elliott said St Paul was in negotiations with Railtrack to discuss its contribution towards compensation, and hoped these would be resolved soon.
“In due course, we will be expecting some contribution from Railtrack, in the light of the Cullen report,” he said.