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Travelers’ Fishman to step down amid neuromuscular condition

Jay Fishman, who engineered the merger between St. Paul Cos. and Travelers Property Casualty Corp. then steered the insurer through the financial crisis and into the Dow Jones Industrial Average, is stepping down as chief executive officer because of his health.

By Sonali Basak | Updated on August 04, 2015
Jay Fishman, chairman and chief executive officer of Travelers Cos. speaks at the U.S. Chamber of Commerce in Washington, D.C., U.S., on Nov. 8, 2010. Travelers, the insurer added to the Dow Jones Industrial Average last year, rallied last week above its highest closing price since the firm merged with St. Paul Cos. in 2004. Photographer: Joshua Roberts/Bloomberg

(Bloomberg) — Jay Fishman, who engineered the merger between St. Paul Cos. and Travelers Property Casualty Corp. then steered the insurer through the financial crisis and into the Dow Jones Industrial Average, is stepping down as chief executive officer because of his health.

“It appears likely that I am dealing with a variant of Amyotrophic Lateral Sclerosis, or ALS,” Fishman, 62, said in a letter to staff.

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