With Merger, Destination of Travelers' $15B in Munis Is Unclear
- Travelers Sets March Vote on St. Paul Deal. // American Banker;1/30/2004, Vol. 169 Issue 20, p6
Travelers Property Casualty Corp. in Hartford, Connecticut, said on Thursday that its previously announced merger with The Saint Paul Companies Inc. is proceeding as planned toward a second-quarter closing. Shareholders of Travelers and Saint Paul will be asked to approve the merger and its...
- St. Paul, Travelers to Merge In $16 Billion Stock Deal. // Global Finance;Jan2004, Vol. 18 Issue 1, p12
Reports on the merger plans between Saint Paul Cos. and Travelers Property Casualty in the U.S. Establishment of Saint Paul Travelers Cos., an American commercial insurer second to the American International Group; Terms of the agreement; Rules governing the consolidation activity within the...
- Shareholder Approve St. Paul-Travelers Merger. Ha, Michael // National Underwriter / P&C;3/29/2004, Vol. 108 Issue 12, p32
Reports that shareholders of the Saint Paul Cos. and Travelers Property Casualty Corp. have voted to approve the merger of the two insurers. Approval of the agreement and plan of the merger; Regulatory approval process for the St. Paul-Travelers merger; Entry into memorandum of understanding...
- St. Paul, Travelers Decide Exec Lineup. // American Banker;12/3/2003, Vol. 168 Issue 231, p10
The Saint Paul Cos. Inc. and Travelers Property Casualty Corp. announced executive appointments on Tuesday for the company to be known as The Saint Paul Travelers Cos. after completion of the merger unveiled on November 17. Jay S. Benet, 51, was named an executive vice president and chief...
- St. Paul Sets $228M Charge. // American Banker;1/26/2004, Vol. 169 Issue 16, p6
Saint Paul Cos. on Friday said it took a $228 million after-tax charge in the fourth quarter to boost its reserves for the health-care business due to the rising cost of malpractice claims. The Minnesota company's planned purchase of Travelers Property Casualty Corp. remains on schedule to close...
- Minnesota Regulators OK Portion of St. Paul Travelers Merger. // Best's Review;Apr2004, Vol. 104 Issue 12, p110
Reports that Minnesota regulators have approved the proposed acquisition of Travelers Property Casualty Corp.'s subsidiary by Saint Paul Cos. Details of the proposed merger deal; Portion of the merger over which the Minnesota Department of Commerce has jurisdiction.
- Approvals Given for St. Paul-Travelers. // American Banker;3/30/2004, Vol. 169 Issue 61, p9
The Saint Paul Cos. Inc. and Travelers Property Casualty Corp. in Hartford, Connecticut, announced on Monday that they have gotten all the regulatory and shareholder approvals required for their previously announced merger to close as scheduled on Thursday. The common shares of the post-merger...
- Selling The Parts. // National Underwriter / Property & Casualty Risk & Benefits Manag;12/22/2003, Vol. 107 Issue 51, p19
Assesses the performance of the reinsurance operation in the U.S. in 2003. Companies that shut down or sold off their reinsurance operation; Deals and renewal rights; Merger between the St. Paul Cos. and Travelers Property Casualty Corp.
- The Expected Surprise. // National Underwriter / Property & Casualty Risk & Benefits Manag;12/22/2003, Vol. 107 Issue 51, p20
Discusses the merger between The St. Paul Cos. and Travelers Property Casualty Corp. to create The St. Paul Travelers Cos. Speculation about the deal; Technicality that The St. Paul's is the surviving stock in the deal; Benefits of the merger.