Strategic Hires by XPT Specialty, NFP, and Jencap Group Strengthen Insurance Market

XPT Specialty Expands With Strategic Hire in Personal Lines Brokerage

XPT Specialty, a prominent player in the insurance industry based in New Haven, Connecticut, is enhancing its capabilities with the appointment of Joseph Corrado as a personal lines insurance broker. Corrado brings a wealth of expertise in managing insurance portfolios and developing agency partnerships, particularly within the Northeastern U.S. market. His focus will be on collaborating with retail agents along the East Coast to provide a diverse range of personal lines coverages, including homeowners insurance and personal liability. Corrado's efforts will be primarily concentrated in the New York, New Jersey, and Pennsylvania markets. Prior to joining XPT Specialty, he served as a personal lines underwriter at Morstan General Agency.

NFP Strengthens M&A Division With Leadership Appointment

NFP, a leading provider in property and casualty (P&C) brokerage and benefits, has bolstered its team by appointing Adam Favale as executive vice president and head of mergers and acquisitions (M&A). Based in New York City, Favale has been with NFP since 2010, contributing over 15 years of experience in the M&A field. Previously, he advanced his expertise as vice president of corporate finance at FGIC, then owned by GE Capital. Favale began his professional journey in the financial management program at GE Capital.

Jencap Group Enhances P&C Binding Team With Experienced Manager

Jencap Group LLC, a key player in the insurance industry headquartered in New York City, has appointed John Michael “JM” Edge as manager of its property and casualty (P&C) binding team. Edge will oversee operations for Jencap's teams in Atlanta, Georgia; Charlotte, North Carolina; and Denver, Colorado. With a decade of tenure at Amwins, he was instrumental in establishing the Florida office and later collaborated with Jupiter Re, focusing on large property program teams.

These strategic hires across XPT Specialty, NFP, and Jencap Group highlight their commitment to growth and expansion in key markets. These companies aim to enhance their service offerings and better serve their clients by leveraging industry expertise and strengthening their regulatory compliance requirements.