Newport Appoints Leader of Bank and Financial Institution Services

September 24, 2012 ( Newport Group announced Neil Chaffee will fill the newly created position of vice president, leading the marketing and business development of the firm's financial institution areas.

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.