Jay Fishman, Who Built Travelers After Citigroup, Dies at 63

  • Encounter at New York City Ballet led to $17.9 billion merger
  • He led firm through financial crisis by shunning mortgage debt

Jay Fishman in 2010.

Photographer: Daniel Acker/Bloomberg
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Jay Fishman, the chairman and former chief executive officer of Travelers Cos. who steered the insurer through the financial crisis and into the Dow Jones Industrial Average, has died. He was 63.

He died Friday at his home in New Jersey, Patrick Linehan, a spokesman for the company, said by telephone. Fishman had amyotrophic lateral sclerosis, or ALS, and was replaced in 2015 as CEO by Alan Schnitzer. Travelers said in a statementBloomberg Terminal that John Dasburg was named chairman of the board.