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NEW YORK--Salvatore D. Zaffino has retired as chairman of Guy Carpenter & Co. L.L.C., the reinsurance intermediary announced Tuesday.
Mr. Zaffino, 61, will continue in the role of nonexecutive chairman of New York-based Carpenter, working as a consultant with senior management at both Carpenter and parent company Marsh & McLennan Cos. Inc.
Mr. Zaffino was named Guy Carpenter chairman in 1999. He previously served as chairman and chief executive officer of Sedgwick Re North America from 1993 to 1998, when it was acquired by MMC. From 1985 to 1993, he was chairman of Crump Re, an organization he created and continued to manage until its merger with Sedgwick Re.