Travelers Property Casualty Authorizes $500M Share Repurchase

Travelers Property Casualty Corp. announced that its Board of Directors authorized the company to spend up to $500 million for the repurchase of its Class A and Class B common stock.

The repurchases may be made from time to time in the open market or through negotiated transactions, and the company expects to make the repurchases during a period ending on or about Dec. 31, 2004.