Travelers Property Casualty Corp. Announces $200 Million Share Repurchase

Business Wire, Oct 6, 1999

HARTFORD, Conn.--(BUSINESS WIRE)--Oct. 6, 1999--

Travelers Property Casualty Corp. (NYSE: TAP) today announced that it will spend up to $200 million for the repurchase of its Class A Common Shares. The repurchases may be made from time to time in the open market or through negotiated transactions.

A prior $150 million repurchase program, initiated in August 1998, is nearly complete.

Travelers Property Casualty is a leading provider of a broad range of insurance products and services for commercial markets, including workers' compensation, integrated disability, property, liability and specialty lines, and fidelity and surety bonds. The Company is also a leading provider of homeowners and auto insurance for consumers. Travelers Property Casualty is a member of Citigroup (NYSE: C), a diversified, global financial services company.