Key Developments: Travelers Companies Inc (TRV)

TRV on New York Consolidated

94.61USD
19 Sep 2014
Price Change (% chg)

$-0.17 (-0.18%)
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$94.78
Open
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$95.38
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$94.61
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$96.18
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Latest Key Developments (Source: Significant Developments)

Travelers Companies Inc declares quarterly dividend
Tuesday, 22 Jul 2014 06:57am EDT 

Travelers Companies Inc:Declares a quarterly dividend of $0.55 per share.Payable on Sept. 30, to shareholders of record on Sept. 10.  Full Article

Travelers Companies Inc declares regular quarterly dividend
Tuesday, 22 Apr 2014 06:57am EDT 

Travelers Companies Inc:Declares regular quarterly dividend of $0.55 per share.dividend is payable June 30 to shareholders of record as of close of business June 10.  Full Article

E-L Financial Corporation Ltd Announces Closing of Sale of The Dominion Of Canada General Insurance Company To Travelers Companies, Inc
Friday, 1 Nov 2013 04:47pm EDT 

E-L Financial Corporation Limited announced that it has completed the previously-announced sale of its wholly-owned subsidiary The Dominion of Canada General Insurance Company to The Travelers Companies, Inc. for $1.07 billion in cash, subject to certain post-closing adjustments. E-L Financial plans to allocate the proceeds of the sale to a range of investment opportunities, including global equities. E-L Financial operates as an investment and insurance holding company. Among its other assets, E-L Financial owns 80% of The Empire Life Insurance Company, which underwrites life and health insurance policies and provides segregated funds, mutual funds and annuity products. E-L Financial remains committed to Empire Life and the life insurance industry in Canada. McCarthy Tetrault LLP and Scotiabank acted as advisors to E-L Financial.  Full Article

Travelers Companies Inc To Buy Back Up To $5 Billion In Shares-Reuters
Tuesday, 22 Oct 2013 07:13am EDT 

Reuters reported that Travelers Companies Inc said it would buy back an additional $5 billion of its shares under a new program. The Company said the buy back was in addition to the $759 million that remained from previous repurchase plans as of September 30, 2013.  Full Article

Travelers Companies Inc Declares Quarterly Dividend
Tuesday, 23 Jul 2013 03:00pm EDT 

Travelers Companies Inc announced that the Board of Directors declared a quarterly dividend of $0.50 per share. This dividend is payable September 30, 2013, to shareholders of record as of the close of business on September 10, 2013.  Full Article

Travelers Companies Inc To Acquire The Dominion of Canada General Insurance Company From E-L Financial Corporation Ltd
Monday, 10 Jun 2013 09:00am EDT 

Travelers Companies Inc announced that it has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Ltd for approximately $1.1 billion in cash, subject to adjustment. The Dominion and Travelers` Canadian operations will be integrated and the combined organization will remain headquartered in Toronto. The transaction is expected to close in the fourth quarter of 2013, subject to regulatory approvals and other customary closing conditions. Travelers will fund the transaction, subject to market conditions, through a combination of debt and/or preferred stock financing and internal resources. Based on this financing plan, the company does not believe that the transaction will have a significant impact on anticipated share repurchases for 2013 or 2014. Skadden, Arps, Slate, Meagher & Flom LLP and Gowling Lafleur Henderson LLP served as legal advisors to Travelers.  Full Article

Travelers Companies Inc Declares Dividend
Tuesday, 23 Apr 2013 01:00pm EDT 

Travelers Companies Inc announced that the Board of Directors declared a regular quarterly dividend of $0.50 per share. This dividend, which is $0.04 higher than the last regular quarterly dividend, is payable June 28, 2013, to shareholders of record as of the close of business June 10, 2013.  Full Article

Travelers Companies Inc Declares Quarterly Dividend
Tuesday, 22 Jan 2013 06:57am EST 

Travelers Companies Inc announced that the Board of Directors declared a quarterly dividend of $0.46 per share. This dividend is payable March 29, 2013, to shareholders of record as of the close of business on March 8, 2013.  Full Article

Travelers Companies Inc Increases Its Ownership In Its J. Malucelli Joint Venture
Wednesday, 5 Dec 2012 05:00pm EST 

Travelers Companies Inc announced that has increased its ownership stake in J. Malucelli ParticipaƧƵes em Seguros e Resseguros S.A., its joint venture in Brazil, by exercising a pre-existing option to purchase newly issued shares. As a result, Travelers has increased its stake in J. Malucelli from 43.4 % to 49.5 %.  Full Article

UPDATE 2-Travelers ordered to pay over $500 mln in asbestos case

NEW YORK, July 22 - A federal appeals court ordered Travelers Cos Inc to pay more than $500 million to thousands of asbestos victims in a case stemming from the insurer's coverage of Johns-Manville Corp, an insulation maker that spent six years in bankruptcy during the 1980s.

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