Document:

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                                                                  Exhibit 10.4.1

                                PROMISSORY NOTE

For value received, TRAVELERS PROPERTY CASUALTY CORP., a Connecticut corporation
(the "Borrower"), promises to pay the principal amount of $1,200,101,374.66 (One
Billion Two Hundred Million One Hundred One Thousand Three Hundred Seventy Four
Dollars and Sixty Six Cents) to CITICORP on April 30, 2005 ("Maturity").
Interest shall accrue from the date hereof on the aggregate principal amount
outstanding hereunder on a daily basis at the sum of (a) the CP Rate from time
to time in effect and (b) 0.1% per annum. Interest shall be computed on the
basis of a year of 360 days and actual days elapsed in an Accrual Period.

On each Accrual End Date the Borrower, at its option, shall either (a) pay
current accrued interest to Citicorp for the preceding Accrual Period or (b) by
notice to Citicorp, elect to add the amount of such current accrued interest to
the principal amount hereof, whereupon such added amount shall be for all
purposes treated as principal hereunder on such Accrual End Date and shall
accrue interest on the amount thereof for all future Accrual Periods; provided
that at Maturity, the aggregate unpaid principal amount of all advances
hereunder and all current accrued interest thereon shall be due and payable in
full. Interest payable for the first Accrual Period under this Note shall equal
the sum of interest accrued but unpaid on the 2000 Note (as defined below) plus
interest accrued hereon at the rate set forth above from the date of this Note
to the first Accrual End Date.

Both principal and interest are payable in lawful money of the United States of
America in same day funds. All accrued interest added to the principal amount
hereof, and all payments made on account of the principal amount hereof and
interest hereon, shall be recorded by Citicorp and endorsed on Schedule I
attached hereto and made a part hereof, but Citicorp's failure to record any
such added interest or payment shall not affect the Borrower's obligation to
pay principal and interest on this Note as agreed.

The principal amount of this Note may be prepaid in whole or in part without
penalty at any time. The Borrower shall give Citicorp five business days' prior
notice of any prepayment (in whole or in part) of the principal amount hereof.

As used herein, the following terms shall have the following meanings:

     "Accrual End Date" shall mean the 7th day of each month.

     "Accrual Period" shall mean, for each Accrual End Date, the period
     beginning with and including the Accrual End Date in the month preceding
     the month in which such Accrual End Date occurs (or, in the case of the
     first Accrual Period, the date hereof) and ending on but not including such
     Accrual End Date.

     "CP Rate" shall mean, for each Accrual Period, the Money Market Yield of
     the rate quoted on a discount basis by the Direct Issuer Commercial Paper
     Desk in Baltimore, Maryland, at 9:00 a.m., New York City time, on the
     business day corresponding to the first day of such Accrual Period (the
     "Determination Date"), for commercial paper having a maturity of one month.
     In the event such rate is not being so quoted on such Determination Date,
     the CP Rate shall be the yield posted by the Federal Reserve Board in the
     Federal Reserve's Statistical Release (H.15 Daily Update) for commercial
     paper having a maturity of one

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     month for financial companies. If such rate is not so published, the CP
     Rate shall be the CP Rate determined on the preceding Determination Date or
     such other rate as may be mutually agreed upon by the Borrower and
     Citicorp.

     "Money Market Yield" is a yield, expressed as a percentage, calculated as
     follows:
          Money Market Yield = (D x 360/(360-(DxM)) x 100,

          where "D" is the per annum rate for commercial paper quoted on a bank
          discount basis and expressed as a decimal, and "M" is the number of
          days in the Accrual Period for which the CP Rate is being calculated,
          assuming a 360-day year comprised of twelve 30-day months.

If a payment of principal or interest on this Note would be due on a Saturday, a
Sunday or a day on which banks in New York are authorized or required to close
(any other day being a business day), the payment shall instead be due on the
next succeeding business day, and the extension of time shall be included in the
computation of interest on the unpaid principal amount of this Note.

All amounts paid by the Borrower hereunder shall be made to such account or
accounts as may be specified from time to time by Citicorp.

All notices hereunder shall be given (a) if to Citicorp, to its Treasury
Department, 153 East 53rd Street, 6th Floor, New York, New York 10043; tel.
(212) 793-8090, fax (212) 793-8098 and (b) if to Borrower, to its Treasury
Department, Hartford, Connecticut; tel. (860) 277-2198, fax (860) 277-5873.

This Note supersedes and replaces the Promissory Note dated as of April 24, 2000
issued by the Borrower to Citicorp (the "2000 Note"). The outstanding principal
amount of this Note on the date hereof equals the outstanding principal amount
of the 2000 Note on the date hereof. Any payment of principal or interest by the
Borrower under the 2000 Note shall be deemed a payment of principal or interest,
respectively, under this Note.

This Note, and any or all of the rights and obligations appertaining thereto,
may be assigned by Citicorp to any of its affiliates without the prior consent
of the Borrower. This Note shall be governed by and construed in accordance with
the laws of the State of New York.

Dated as of February 7, 2002                 TRAVELERS PROPERTY CASUALTY CORP.

                                             By:    /s/ Jay S. Benet
                                                ----------------------------
                                                Name: Jay S. Benet
                                                Title: Chief Financial Officer

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                                   SCHEDULE I
                                       TO
                                PROMISSORY NOTE
                          Dated as of February 7, 2002

<Table>
<Caption>
                                                   Interest           Aggregate
               Amount of         Interest          Added to          Outstanding
Date          Prepayment           Paid           Principal             Amount
<S>           <C>                <C>              <C>                <C>
</Table>

                                       3<PAGE>
                                                                  Exhibit 10.4.2

NEGOTIABLE PROMISSORY NOTE

$1,000,000,000 (One Billion Dollars)                            February 7, 2002

For value received, Travelers Property Casualty Corp., a Connecticut corporation
(TPC), promises to pay to the order of PFS Services, Inc., a Georgia
corporation, the sum of $1,000,000,000 (One Billion Dollars) on December 31,
2002.

The principal amount of this note shall not bear interest, except as provided
below.

TPC may prepay the whole or any part of the principal amount of this note at any
time upon five business days prior written notice to the Treasurer of Citigroup
(a prepayment notice). A prepayment notice shall be effective upon receipt, and
once effective, shall be irrevocable. Such prepayment shall not be subject to
any penalty or premium.

All payments under this note shall be made by wire transfer of immediately
available funds.

Notwithstanding anything to the contrary in this note, if TPC fails to make any
payment of principal as required under this note, including any principal
prepayment for which TPC has given an effective prepayment notice,

-  interest on such due and unpaid principal amount of this note shall, from the
   date of such failure to pay, accrue at a per annum rate equal to the sum of
   (i) a floating rate that shall at all times equal the base rate of Citibank,
   N.A., New York City, and (ii) 2%, and

-  TPC shall pay all expenses of enforcement, including collection costs and
   reasonable attorneys' fees, with respect to such unpaid principal and
   additional interest.

TPC waives protest, presentment and notice of any kind. A holder's failure to
exercise or delay in exercising any rights under this note shall not waive such
rights.

This note shall be governed by the laws of the State of New York.

TRAVELERS PROPERTY CASUALTY CORP.

By: Jay S. Benet
    ----------------------------
Name: Jay S. Benet
Title: Chief Financial Officer<PAGE>
                                                                  Exhibit 10.4.3

Negotiable Promissory Note

$3,700,000,000 (Three Billion Seven Hundred Million Dollars)    February 7, 2002

For value received, Travelers Property Casualty Corp., a Connecticut
corporation (TPC), promises to pay to the order of PPS Services, Inc., a
Georgia corporation, the sum of $3,700,000,000 (Three Billion Seven Hundred
Million Dollars) in two installments, the first such installment of
$150,000,000 (One Hundred Fifty Million Dollars) being due and payable on May
9, 2004 (the "first installment") and the second such installment of
$3,550,000,000 (Three Billion Five Hundred Fifty Million Dollars) being due and
payable on February 7, 2017 (the "second installment").

No interest shall accrue on the principal amount of this note prior to May 9,
2002. TPC shall pay interest from May 9, 2002 on the unpaid principal amount of
this note at the rate of 7.25% per annum. Interest shall be computed on the
basis of a year of twelve 30-day months and shall be paid quarterly on February
1, May 1, August 1 and November 1 of each year, commencing August 1, 2002.

TPC may prepay the whole or any part of the principal amount of this note,
together with accrued interest on the amount prepaid to the date of prepayment,
at any time on prior notice to the Treasurer of Citigroup (a prepayment
notice). Any such prepayment shall be applied first to reduce the principal
amount of the second installment. No amount of the first installment may be
prepaid until the entire principal amount of the second installment is paid in
full. A prepayment notice shall be effective upon receipt, and once effective,
shall be irrevocable. Such prepayment shall not be subject to any penalty or
premium.

If TPC does not pay the accrued interest hereon when due, the amount of such
interest shall be added to the principal amount of this note.

All payments under this note shall be made by wire transfer of immediately
available funds.

Notwithstanding anything to the contrary in this note, if TPC fails to make any
payment of principal as required under this note, including any principal
prepayment for which TPC has given an effective prepayment notice, or fails to
pay all accrued interest when the principal amount of this note is due,

-- interest on such due and unpaid principal amount of this note or on such due
   and unpaid interest shall, from the date of such failure to pay, accrue at a
   per annum rate equal to 9.25%, and

-- TPC shall pay all expenses of enforcement, including collection costs and
   reasonable attorneys' fees, with respect to such unpaid principal, unpaid
   interest and additional interest.

If a payment of principal or interest on this note would be due on a Saturday,
a Sunday or a day on which banks in New York are authorized or required to
close (any other day being a business day), the payment shall instead be due on
the next succeeding business day, and the extension of time shall be included
in the computation of interest on the unpaid principal amount of this note.

TPC waives protest, presentment and notice of any kind. A holder's failure to
exercise or delay in exercising any rights under this note shall not waive such
rights.

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