Former CEO of Guy Carpenter Salvatore D. Zaffino Dies at Age 75
Salvatore D. Zaffino, former chief executive officer of Guy Carpenter, has died.
Born Aug. 11, 1945, Zaffino was appointed chairman of Guy Carpenter in 1999 and retired from the firm in 2007, but remained as a nonexecutive chairman of the firm until 2009 when he was diagnosed with Parkinson's disease, according to his obituary.
He served more than 40 years in many senior positions in the insurance and reinsurance industry. Zaffino previously had served as chairman and CEO of Sedgwick Re North America from 1993 to 1998. From 1985 to 1993, he was chairman of Crump Re, an organization he created and continued to manage until its merger with Sedgwick Re. He began his insurance career as an underwriter for American Mutual.
Zaffino also served his country as a sergeant in the United States Air Force and was honorably discharged in the late 1960s.
A defining moment of Zaffino's career came on Sept. 11, 2001, during his tenure as CEO of Guy Carpenter, whose world headquarters were located in Two World Trade Center. He led the company through that difficult period and received several awards globally for his personal contribution to restoring operations, according to his obituary.
Zaffino was also a committed philanthropist and was involved in several charities. In particular, he established a foundation benefiting HARC, in Hartford, Connecticut, in honor of his late grandson Alex, his obituary said.
Zaffino is survived by his wife of 54 years, Marion, sons Peter and Jonathan, daughter Jacqueline and 11 grandchildren.