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Reinsurance brokerage firm Guy Carpenter & Company, LLC, announced that Salvatore D. Zaffino has retired as chairman.

The firm, a subsidiary of New York-based professional services company Marsh & McLennan Companies, said Mr. Zaffino will continue in the role of nonexecutive chairman. In this capacity, he will work in a consultative role with senior management at both Guy Carpenter and MMC.

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