NFP Appoints Adam Favale as New EVP for Mergers & Acquisitions

NFP, a subsidiary of Aon and a leader in the property and casualty insurance market, has announced a key leadership appointment to strengthen its middle market segment. Adam Favale has been named Executive Vice President and Head of Mergers and Acquisitions. Operating from NFP’s New York City office, Favale will report directly to Michael Goldman, President and Chief Operating Officer of NFP.

This leadership shift follows the divestiture of Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, and associated platforms to Madison Dearborn Partners, a transaction finalized on October 30. Favale's appointment aligns with a strategic effort to amplify growth through acquisitions, which NFP plans to emphasize as a core driver for expansion in the competitive middle market.

Favale’s career with NFP spans over 15 years, during which he has played a crucial role in driving the firm's M&A initiatives. Before joining NFP, Favale served as Vice President of Corporate Finance at FGIC, a company eventually sold by GE Capital, where he launched his career through their Financial Management Program. His extensive industry experience encompasses strategic planning, integration, and talent management within specialized markets such as property and casualty insurance, employee benefits, and wealth management.

In his new capacity, Favale aims to collaborate with NFP's diverse teams to pinpoint strategic opportunities that will catalyze growth and enhance value creation for clients, particularly within the independent sector of the middle market. NFP delivers a broad range of services addressing significant challenges in risk and human capital via property and casualty insurance, employee benefits, life insurance, and retirement plan advisory solutions. With an expansive reach across the U.S., Canada, the UK, and Ireland and supported globally by Aon, NFP is committed to offering customized risk management solutions to a diverse clientele.