Jay Steven Fishman (November 4, 1952 – August 19, 2016) served as chairman and chief executive officer of

The Travelers Companies The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through indepen ...

for 11 years prior to stepping down in December 2015, following a diagnosis of ALS. He was employed as the executive chairman of the board of Travelers from December 2015 until his death in August 2016.

Education

Fishman was born in New York City in 1952. He received a master's degree in accounting from the

Wharton School of Business The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in ...

and graduated with a bachelor's degree in economics, magna cum laude, from the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

Career

From 1989 to October 2001, Fishman held several key executive posts at Commercial Credit Corp.,

Primerica Primerica, Inc. (NYSE: PRI) is a company that provides insurance, investment and financial services to middle income families in the United States and Canada. Primerica is the parent company of National Benefit Life Insurance Company, Prime ...

, Travelers, and Citigroup. Fishman has served as chairman and CEO of TRV since a merger between The St. Paul Companies, Inc. (where Fishman had been chairman, CEO, and president) and Travelers Companies (then-CEO Robert I. Lipp) first formed TRV in April 2004. Prior to October 2001, Fishman served as chairman, CEO, and president of The Travelers Insurance Group, Inc., (which became Travelers Property Casualty Corp. in 2002 and merged with a subsidiary of St. Paul in 2004) and as CEO and president of Travelers Property Casualty Corp. (which became Travelers Insurance Group Holdings Inc. in 2002) also serving as chairman of holdings from March 2000 to January 2001. While CEO of

in 2008, Fishman earned a total compensation of $16,821,125, which included a base salary of $1,000,000; a cash bonus of $5,000,000, stock granted of $7,199,977; options granted of $2,998,547; and other compensation of $622,601. Fishman served at the

, as a member of the board of trustees, the board of overseers of the Graduate School of Education, and the industry advisory board of the Financial Institutions Center for The Wharton School. He also served on the board of directors of the

National Academy Foundation NAF (formerly known as National Academy Foundation) is an industry-sponsored nonprofit with a national network of public-private partnerships that support career academies within traditional high schools. Each academy focuses on a theme that addre ...

. He was an honored member of the Advisory Committee of the

Jazz Foundation of America The Jazz Foundation of America (JFA) is a non-profit organization based in Manhattan, New York that was founded in 1989. Its programs seek to help jazz and blues musicians in need of emergency funds and connect them with performance opportunitie ...

.Gala Sponsorship Packages
''jazzfoundation.org''.
JFA Advisory Board list
) In June 2012, Fishman was named chairman of the board of directors of

New York City Ballet New York City Ballet (NYCB) is a ballet company founded in 1948 by choreographer George Balanchine and Lincoln Kirstein. Balanchine and Jerome Robbins are considered the founding choreographers of the company. Léon Barzin was the company' ...

. He serves on the board of the Lincoln Center for the Performing Arts. He is a trustee of the

New York-Presbyterian Hospital The NewYork-Presbyterian Hospital is a nonprofit academic medical center in New York City affiliated with two Ivy League medical schools, Cornell University and Columbia University. The hospital comprises seven distinct campuses located in the New ...

and a director of

Exxon Mobil Corporation ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 3 ...

. On August 4, 2015, Fishman announced he was stepping down as CEO due to his battle with the progressive neurological disease amyotrophic lateral sclerosis, better known as

Lou Gehrig's Disease Amyotrophic lateral sclerosis (ALS), also known as motor neuron disease (MND) or Lou Gehrig's disease, is a neurodegenerative disease that results in the progressive loss of motor neurons that control voluntary muscles. ALS is the most com ...

. He died on August 19, 2016 in New Jersey.Singer, Natasha
"Jay Fishman, Who Led Travelers Safely Through the Financial Crisis, Dies at 63"
New York ''Times'', August 25, 2016.
''streetinsider.com'', August 19, 2016.

Personal

Fishman was married to Randy Lee Chapman in 1976. They had two sons and three grandchildren, and Fishman had a sister, surviving at the time of his death. His wife also survived him.

References

External links

*Vardi, Nathan
"Wall Street's Honest Man"
''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'' magazine, February 9, 2011. {{DEFAULTSORT:Fishman, Jay 1952 births 2016 deaths American chief executives of financial services companies Directors of ExxonMobil The Travelers Companies Wharton School of the University of Pennsylvania alumni Neurological disease deaths in New Jersey Deaths from motor neuron disease

Education

Career

Personal

See also

References

External links