September 24, 2012
Chaffee will fill Newport Group’s newly created position of vice president,
leading the marketing and business development of the firm’s financial institution
Chaffee will lead marketing and business development for
services including bank-owned life insurance (BOLI) and corporate-owned life
insurance (iCOLI). He will also facilitate the development of the BOLI and
iCOLI strategic position, product strategy and service model.
Chaffee has 27 years of experience in insurance and
financial services, as well as a background in BOLI product delivery and
nonqualified executive benefit plans.
Most recently, he served as managing director of
institutional markets with Hartford Life Private Placement in New Jersey, where
he was responsible for overseeing the development and distribution of
institutionally priced life insurance and annuity products in corporate and
trust-owned markets. Previously, Chaffee worked at the Hartford subsidiary
International Corporate Marketing Group and Phoenix Home Life.
Chaffee earned a bachelor’s degree in sociology from the
University of Massachusetts Amherst and an MBA in finance from Bryant
University. He is a member of the Association of Advance Life Underwriters
(AALU) and holds FINRA Series 6, 26 and 63 securities registrations and
insurance licenses in 50 jurisdictions.