Former CEO of Travelers Insurance dies after fight with ALS - WFSB 3 Connecticut


Former CEO of Travelers Insurance dies after fight with ALS

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Former Travelers CEO Jay Fishman died on Friday. (Travelers) Former Travelers CEO Jay Fishman died on Friday. (Travelers)

Travelers Insurance announced the death of former CEO Jay Fishman on Friday. 

Jay Fishman served as executive chairman of the Board of Travelers from December 2015 until August 2016. 

Fishman had battled ALS for many years and was chairman of the Travelers Tournament, which raised funds for ALS research this year.

"All of us with the Travelers Championship are deeply saddened by the passing of Jay Fishman. Jay was an inspiration and a true friend. He was determined to make this event the best on the PGA Tour and we tried every day to make him proud. We are honored to be part of his vision to support hometown charities, and we will work diligently to continue that work for the future. Our sincere condolences go out to his wife Randy, his family and everyone at Travelers," said Nathan Grube, Travelers Championship Tournament Director.

Fishman was adored by his work colleagues as well.

“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,” chairman John Dasburg said in a statement on Friday.

The company said Fishman "transformed Travelers into one of the best-performing companies in the financial services industry and the only property casualty insurer in the Dow 30." 

"Though he would be too humble to admit it, Jay was an icon among corporate leaders. As his friend, I’m grateful to Jay for his mentorship and counsel. As his successor, I’m grateful to Jay for everything he did to set the stage for our company’s future success. I’ll miss my dear and close friend, and on behalf of all of us at Travelers, our hearts go out to his wife of nearly 40 years and childhood sweetheart Randy Fishman, Jay and Randy’s children and their beloved grandchildren," Alan Schnitzer, who is the chief executive officer of Travelers, said in a statement on Friday.

Gov. Dannel Malloy said Fishman was "was not just a great individual, but an inspiration to those around him."

"The strength of spirit he displayed, the extraordinary philanthropy he showed, the mission to improve the world around him – all will never be forgotten by the Hartford community.  Most of all, it was his outlook on life that was so infectious.  It left deep impressions on all of us.  Just two short weeks ago, we were side-by-side at the Travelers Championship, and I had the opportunity to hear him advocate for improved care for ALS patients.  What a remarkable man, and what a remarkable impact he had.  Cathy and I extend our deepest condolences to his family, friends, colleagues, and the entire Travelers family," Malloy said in a statement on Friday. 

Lt. Gov. Nancy Wyman called Fishman "deeply respected leader at Travelers and in the insurance and financial industries." Wyman added that he "was well-known for his work ethic."

"But he was also a dedicated philanthropist and community leader, giving back so much through his board service and volunteer work.  He reminds us that commitment to our communities is an important and valuable part of our humanity. He will be missed," Wyman said in a statement on Friday. 

Many took to social media to remember Fishman.

Fishman leaves behind a wife, Randy, of 40 years and children.

To read the full statement from Travelers, click here

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