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August 19, 2016

Travelers exec. chairman Jay Fishman dies of ALS

File photo A 2006 photo of Jay Fishman (center) with former PGA Tour Commissioner Tim Finchem (right) and Travelers Championship director Nathan Grube.
By Greg Bordonaro

Jay S. Fishman, the longtime former CEO and executive chairman of the Travelers Cos., who was diagnosed with ALS about a year ago, has died from the disease, the company announced Friday.

“We are greatly saddened by the loss of our esteemed colleague and friend. Our thoughts are with his wife Randy and the entire Fishman family during this difficult time,” said John H. Dasburg, who succeeds Fishman as non-executive chairman of the board. “Jay was an inspirational leader, and he built a management team that has established Travelers as a clear industry leader. Jay will be missed by the entire Travelers family.”

Fishman served as the executive chairman of Travelers' board from Dec. 2015 until Aug. 2016. He previously held the position of CEO from the April 2004 merger of The St. Paul Cos. Inc. with Travelers Property Casualty Corp., and he assumed the additional role of chairman in Sept. 2005. From Oct. 2001 until April 2004, Fishman was chairman, CEO and president of The St. Paul Cos.

He held several key executive posts at Citigroup from 1998 to Oct. 2001, including chairman, CEO and president of its Travelers insurance business. Starting in 1989, he worked as an executive at Primerica Corp., which became part of Citigroup in 1998. Fishman was a director of ExxonMobil Corp. from 2010-2016, and a director of Carlyle Group Management from 2012-2015.

Fishman also served as chairman of the board of New York City Ballet and was a board member for the Lincoln Center for the Performing Arts.

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