The chief executive of New York-based insurance firm Marsh LLC recently shelled out millions to buy a three-acre estate called “Road’s End” on Nantucket.

Peter Zaffino, a 49-year-old Boston College graduate, bought the 20 Sankaty Head Road home for $7.5 million on May 26, according to a Nantucket County deed. Marsh is a subsidiary of professional services giant Marsh & McLennan Cos. Inc. (NYSE: MMC), which has a $39 billion market valuation.

Zaffino purchased the home through a limited liability…

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