(Bloomberg) -- Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said Chief Executive Officer Jay Fishman has been diagnosed with a neuromuscular condition.
“While fortunately it has so far been slow progressing, you may soon see me with a cane or other gear to help me get around,” Fishman said in a letter to employees released yesterday by the New York-based insurer. “Nothing about this circumstance changes my ability or plan to continue as chairman and CEO.”
Fishman, 62, steered Travelers profitably through the financial crisis by sidestepping mortgage-related investments that hobbled rivals. He ran the insurer when it was a part of Citigroup Inc. under CEO Sanford “Sandy” Weill, then left in 2001 to lead St. Paul Cos. In 2004, the insurance executive engineered a merger with Travelers.
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